Etiket: Mortgage
Coleen Volk named CEO of Canada Mortgage and Housing Corporation
The federal government has appointed Coleen Volk as President and CEO of the Canada Mortgage and Housing Corporation (CMHC). Don Iveson will serve as chairman of the board of directors.…
Increase of 3.4% | Residential mortgage debt rises to 2160 billion
(Ottawa) The Canada Mortgage and Housing Corporation (CMHC) says the country’s total residential mortgage debt stood at $2.16 trillion in February of this year, up 3.4% year-over-year and slowest growth…
Canada’s total residential mortgage debt stands at $2.16 trillion, says CMHC
The Canada Mortgage and Housing Corporation (CMHC) says the country’s total residential mortgage debt stood at $2.16 trillion in February of this year, up 3.4% year-over-year and representing the fastest…
Debt, suicide and fraud: South Koreans in mortgage hell
For a decade, Park Hyeon-su lived in a windowless micro-apartment in Seoul, working two jobs and saving every penny to buy a beautiful house. But his security deposit was misused…
Regulator to impose debt cap on mortgage loans
(Ottawa) Canada’s banking regulator says it will impose limits on the amount of debt banks allow in their uninsured mortgage portfolios. Published yesterday at 4:28 p.m. The Office of the…
Ottawa will authorize 30-year mortgage loans for new construction
(Toronto) The Canadian government will allow 30-year amortization periods on insured mortgages for first-time buyers of newly constructed homes. Posted at 12:54 p.m. Finance Minister Chrystia Freeland made the announcement…
A hefty mortgage bill for millions of Canadians at renewal
Nearly half of the mortgages in force in Canada will need to be renewed over the next two years. If the prospect of an upcoming drop in interest rates gives…
A couple loses more than $1,000 by accidentally renewing their mortgage rate on their bank’s app.
There are certain mistakes that can be costly. Danny Lapierre, a Scotiabank customer, recently learned this the hard way. At the end of March, thinking about freezing a rate in…
Mortgage | Negotiate the rate, of course… but that’s not all
When the time comes to renegotiate your mortgage loan, we often tend to only think about the interest rate, even if it means neglecting other aspects. However, there are several…
Mortgage | Rising rates: getting out of it, yes, but…
Pierre-Antoine Fournier insists: he does not cause pity. Owner of a condo and a chalet, this 46-year-old freelance director is well aware that the rise in mortgage rates is much…
Mortgage | Four valves to reduce pressure
Everyone who renews their mortgage loan in the coming quarters risks seeing their monthly payments increase, and for most significantly. For a $250,000 loan whose interest rate increases from 2%…
Mortgage | High rates influence decisions
Five-year fixed rates are currently at just over 5%. They were about half as high in 2019. Experts expect a drop soon, but when? Nobody can know. One thing is…
Can mortgage payment bankruptcies shake banks?
This text is taken from Courrier de l’ économique. Click here to subscribe. Many homeowners and consumers who are in debt can no longer pay their mortgages and have filed…
Canada | Real estate and mortgage fraud on the rise, experts say
The number of real estate and mortgage frauds is increasing rapidly in Canada. Homeowners should take steps to protect their property and identity, experts warn. Posted at 11:53 a.m. Sammy…
What do we do with the mortgage surge?
As a result of inflation and skyrocketing interest rates, the mortgage interest cost index has exploded by 44% since January 2021, due to the explosion in the key rate of…
Mortgage renewal | Rate cuts in sight, but lots of ifs…
The Canada Mortgage and Housing Corporation (CMHC) estimates that 2.2 million mortgages will face an interest rate shock in 2024 and 2025. “This is the first time in more than…
Mortgage Calculator | The Montreal Journal
Mortgage Calculator | The Montreal Journal /finance source site-64
Mortgage refinancing: good luck finding a notary
Quebecers who change mortgage lenders to get a better interest rate have been facing long delays since the start of 2024 before being able to go to the notary. Some…
Rising mortgage payments will hit family budgets
When we look at the figures, one conclusion is clear: the increase in monthly payments that people will have to make when renewing their mortgage will translate into less spending…
34% increase in non-payment notices: ever-higher mortgage costs are hurting
The seven repetitive increases in interest rates by the Bank of Canada have forced many Quebecers to increase their mortgage payments to keep their property. While 60% of mortgage loans…