10/10/2025 | Posted in Canada Living by Mario, Mimma & Peter Volpentesta
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Canada’s financial watchdog has sharpened its focus on two emerging threats - tariffs and housing market strains - amid ongoing uncertainty in the global and domestic ... More
7/23/2025 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat ... More
7/17/2025 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Most Canadian mortgage holders renewing their mortgages in 2025 or 2026 are likely to see an increase in their monthly payments, a recent report by the Bank of Canada ... More
6/4/2025 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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A growing number of lenders have continued raising pricing in recent weeks, particularly for uninsured terms. ... More
5/2/2025 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Some of the lowest fixed mortgage rates have vanished in recent weeks, and lenders are quietly tightening up their variable-rate discounts too. ... More
11/4/2024 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
7/17/2024 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in ... More
4/16/2024 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More
1/25/2024 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022. ... More
11/23/2023 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September. ... More
11/9/2023 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More
4/17/2020 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More
4/4/2020 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic ... More
4/2/2020 | Posted in Canadian Housing Market by Mario, Mimma & Peter Volpentesta
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Real estate listings are drying up, open houses have been canceled, and buyers are staying home. ... More
3/28/2020 | Posted in Canadian Economy and Housing Market by Mario, Mimma & Peter Volpentesta
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More
3/26/2020 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More
3/17/2020 | Posted in Canadian Economy and Housing Market by Mario, Mimma & Peter Volpentesta
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The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More
1/29/2020 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More
1/17/2020 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More
1/8/2020 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More
12/18/2019 | Posted in Canadian Economy and Interest Rates by Mario, Mimma & Peter Volpentesta
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Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ... More
10/10/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s ... More
9/19/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More
9/16/2019 | Posted in Mortgage News by Mario, Mimma & Peter Volpentesta
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Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon. ... More
9/16/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More
8/10/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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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. ... More
7/28/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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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. ... More
7/18/2019 | Posted in Mortgage Interest Rates by Mario, Mimma & Peter Volpentesta
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Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. ... More
7/17/2019 | Posted in Mortgages and Real Estate by Mario, Mimma & Peter Volpentesta
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More
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