Gaurav Behl

04/12/2022

https://www.canadianmortgagetrends.com/2022/04/bank-of-canada-preview-50bps-rate-hike-fully-priced-in/

All eyes will be on the Bank of Canada's rate decision on Wednesday, which could see the largest rate hike in over 20 years.

03/02/2022

http://www.bnnbloomberg.ca/bank-of-canada-expected-to-hike-rates-despite-geopolitical-risks-1.1731177

The Bank of Canada raised its overnight lending rate by 25 basis points to 0.50 per cent on Wednesday, marking the first time the central bank has tightened monetary policy since 2018.

01/17/2022

http://www.bnnbloomberg.ca/canadian-business-sees-higher-inflation-as-economy-hits-limits-1.1708779

Canadian businesses reported widespread challenges with supply chains, labor shortages and their ability to meet strong demand in a Bank of Canada survey that will stoke worries about inflation and fuel expectations of a rate hike as early as next week.

12/17/2021

https://www.canadianmortgagetrends.com/2021/12/osfi-leaves-mortgage-stress-for-uninsured-mortgages-at-5-25/

As part of its annual review of the stress test for uninsured mortgages, the Office of the Superintendent of Financial Institutions today confirmed the minimum qualifying rate will remain at 5.25%. That means borrowers making a down payment of 20% or more will need to prove they can afford payments....

12/17/2021

https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/mqr-nr.aspx?fbclid=IwAR3Msp1NElqKiErYFl1TAEpoY_3JyhREfgEUHFze5_1iQsROi1Eu4ozIYKA

Today, the Office of the Superintendent of Financial Institutions (OSFI) confirmed that the minimum qualifying rate for uninsured mortgages will remain the greater of the mortgage contract rate plus 2 percent or 5.25 percent.

10/05/2021

http://www.bnnbloomberg.ca/toronto-home-prices-hit-new-record-with-supply-at-critical-juncture-1.1661689

Housing affordability in the Greater Toronto Area went from bad to worse in September as prices surged and supply plunged.

10/04/2021

https://www.canadianmortgagetrends.com/2021/10/the-latest-in-mortgage-news-td-cibc-hike-mortgage-rates/

TD Bank and CIBC were the first of the Big 6 banks to reverse their recent mortgage rate cuts last week.

09/15/2021

https://www.bnnbloomberg.ca/statistics-canada-set-to-report-august-inflation-figures-1.1652476

Inflation in Canada accelerated to the fastest pace since 2003, a political headache for Justin Trudeau only five days before an election.

09/07/2021

https://www.cbc.ca/news/business/debt-mortgage-feature-1.6162668

New mortgage debt surged by the biggest amount on record in the spring of 2021. But with prices continuing to defy expectations, policy-makers and economists are left wondering: Where does it end?

07/06/2021

https://www.mortgagebrokernews.ca/business-news/toronto-home-sales-hit-lowest-point-in-a-year-357859.aspx

Pandemic fuelled demand is starting to fade…

07/06/2021

https://www.theglobeandmail.com/business/article-federal-mortgage-insurer-reverses-pandemic-lending-changes-in-face-of/

Federal insurer lowering the required credit score and loosening other measurements that ensure homeowners can pay mortgages and other debts

06/12/2021