9/28/2022 | Posted in New Developments by Sheru Asnani
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Sales levels of condos and single-family homes were more than 80 per cent lower than last August, says the homebuilders’ association.

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Real Estate & Mortgage News

  9/14/2022 | Posted in Home Buyers by Sheru Asnani
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Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are ... More

Real Estate & Mortgage News

  9/9/2022 | Posted in Home Buyers by Sheru Asnani
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Renewed calls to re-evaluate the stress test came in the wake of the Bank of Canada's latest outsized rate hike

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Real Estate & Mortgage News

  9/8/2022 | Posted in Home Buyers by Sheru Asnani
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In a country where the Big Six banks control 80 per cent mortgage market share, Canada’s smaller lenders are making some rare headway after the Bank of Canada’s ... More

Real Estate & Mortgage News

  9/7/2022 | Posted in Canadian Economy and Interest Rates by Sheru Asnani
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The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control.

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Real Estate & Mortgage News

  8/14/2022 | Posted in Home Buyers by Sheru Asnani
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Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada.

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Real Estate & Mortgage News

  8/1/2022 | Posted in Home Buyers by Sheru Asnani
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Here is a list of expenses you will have with carrying a home.

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Real Estate & Mortgage News

  7/31/2022 | Posted in Home Buyers by Sheru Asnani
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Here are the pros and cons of buying a house in a recession - and everything in between.

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Real Estate & Mortgage News

  7/10/2022 | Posted in Mortgage Interest Rates by Sheru Asnani
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Economists are predicting the Bank of Canada will hike its key interest rate by three-quarters of a percentage point on Wednesday as inflation rages on globally.

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Real Estate & Mortgage News

  6/17/2022 | Posted in Mortgages and Real Estate by Sheru Asnani
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Experts say extending the amortization period for your mortgage could keep your monthly payments in check even as you face higher interest rates, but caution that doing so ... More

Real Estate & Mortgage News

  6/16/2022 | Posted in Canadian Housing Market by Sheru Asnani
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In May, the number of new homes that started construction in Canada trended lower compared to the previous month, but still remained at elevated levels.

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Real Estate & Mortgage News

  6/14/2022 | Posted in Interest Rates by Sheru Asnani
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Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising.

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Real Estate & Mortgage News

  6/8/2022 | Posted in Canadian Housing Market by Sheru Asnani
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Central bank's outsized rate increases having a big impact, according to RBC.

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Real Estate & Mortgage News

  6/1/2022 | Posted in Mortgage Interest Rates by Sheru Asnani
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The Bank of Canada has raised its trendsetting interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year ... More

Real Estate & Mortgage News

  6/1/2022 | Posted in Home Buyers by Sheru Asnani
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Many wonder if and how their credit score affects their ability to buy a house.

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Real Estate & Mortgage News

  5/9/2022 | Posted in Interest Rates by Sheru Asnani
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Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.

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Real Estate & Mortgage News

  4/26/2022 | Posted in Real Estate News by Sheru Asnani
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Canadian household budgets are being squeezed tight but buying a home remains on the wish list

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Real Estate & Mortgage News

  3/31/2020 | Posted in Mortgage Interest Rates by Sheru Asnani
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Canada’s mortgage rates are creeping up even though the country’s central bank has slashed borrowing costs to combat the COVID-19 pandemic.

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Real Estate & Mortgage News

  3/18/2020 | Posted in Mortgage News by Sheru Asnani
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers.

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Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for ... More

Real Estate & Mortgage News

  2/10/2020 | Posted in GTA Real Estate by Sheru Asnani
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Mortgage stress test forces homebuyers further outside GTA to find house they can afford.

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Real Estate & Mortgage News

  1/3/2020 | Posted in Home Buyers by Sheru Asnani
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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

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Real Estate & Mortgage News

  12/13/2019 | Posted in Home Buyers by Sheru Asnani
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Millions of Canadian millennials feel they may never be able to follow previous generations into homeownership according to a new survey.

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Real Estate & Mortgage News

  11/25/2019 | Posted in Canadian Housing Market by Sheru Asnani
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Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey.

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Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.

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Real Estate & Mortgage News

  9/6/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.

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Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes.

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Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.

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Real Estate & Mortgage News

  7/21/2019 | Posted in Mortgages and Real Estate by Sheru Asnani
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.

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Real Estate & Mortgage News
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