Safebridge Financial Group - Dean Ramani - Mortgage Agent

03/17/2022

What a Bank of Canada rate hike could mean for mortgages and the housing market

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Just how significant of an effect higher rates will have will depend on how quickly the central bank moves

03/10/2022

The Latest in Mortgage News – Fresh Round of Fixed-Rate Hikes Underway

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Over the past couple of weeks, all of the big banks and countless other mortgage lenders have bumped up some of their fixed rates. Meanwhile, markets are now fully pricing in a rate hike by the Bank of Canada at its March meeting, which will raise rates for the country’s variable-rate holders. Her...

03/03/2022

Canadian Real Estate Resembles 80s Bubble, Higher Rates To Solve Supply Issue: BMO

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Canada’s oldest bank sees today’s real estate markets having a lot in common with the late 1980s bubble. In a research note to its financial markets customers, the Bank of Montreal (BMO) highlights the similar trajectory homes have made. A similar event that slowed home price growth during that ...

02/24/2022

The Bank of Canadas Rate Decision: To Hike or Not to Hike

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Over the past couple of weeks, markets have increasingly adopted the view that the Bank of Canada will move up the timing of its first rate hike to this week.

01/27/2022

Omicron Has Some Doubting Current Rate-Hike Forecasts

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

The arrival of the Omicron variant plus an expectation of persistently high inflation has some rethinking future Bank of Canada rate hikes.

01/20/2022

Canadian HELOC Payments Rise 6% As Dependence On High Real Estate Prices Deepens

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Canadians are tapping their home equity with payments that rival rent costs just a few years ago. TransUnion credit data shows monthly home equity line of credit (HELOC) payments have surged in Q3 2021. Making the increase more impressive is this occurred with falling interest costs. Canadians are b...

01/13/2022

Bank of Canada holds key rate, warns high inflation to persist into 2022

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

The Bank of Canada also warns that high inflation rates will continue through the first half of next year.

01/06/2022

Canadian Subprime Real Estate Buyers Surged Higher Last Quarter

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

After taking a break at the start of the pandemic, Canadian real estate has seen subprime borrowers return. Equifax data shows an abrupt uptick in the share of new mortgages going to subprime borrowers in Q3 2021. It’s still a relatively small share, especially in contrast to historic levels. Howe...

12/23/2021

Fixed-Rate Increases Costing Today's Homebuyers Over $10,000 More in Interest

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Fixed mortgage rates have been climbing steadily since September. But by how much at what cost for new homebuyers?

12/16/2021

Canadian Mortgage Borrowers Are Betting Against Rising Rates, Despite Warnings

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

In the upside-down world, a weak economy is great for Canadian home prices — and people are betting on it. The majority of mortgage debt issued in August has a variable interest rate. This is when a borrower’s interest paid is attached to market rates, as opposed to a fixed rate. Experts, includ...

12/15/2021

SEASON’S GREETINGS FROM SAFEBRIDGE FINANCIAL GROUP - DEAN RAMANI - MORTGAGE AGENT

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

12/09/2021

Canadian New Housing Starts Are Now Crashing As Inflation Forces Builders To Pause

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We offer mortgage services. Visit us at https://www.deanramani.com for more information.

Canadian new housing starts are returning to reality as cheap capital starts to ease. The Canada Mortgage and Housing Corporation (CMHC), the country’s state-owned insurer, reported housing starts fell in October. Housing starts are exactly what they sound like — homes that have started construc...