Author Archives for RateSpy Staff

Are Homebuyers Too Optimistic?

Canadians are more gung-ho than ever to buy a house. RBC’s latest Home Ownership Poll found that nearly a third of Canadians (32%) still expect to buy a home within...

History of Mortgage Rule Changes

The most extraordinary thing about Canadian real estate is how it has shrugged off rule change after rule change in the mortgage market. We’ve seen governments impose over 60 housing...

Reprieve from Lender Loss Sharing

If you like low mortgage rates, there was good news from Canada’s housing agency Wednesday. CMHC CEO Evan Siddall said a proposal to have lenders potentially share losses when insured...

Low Rate or Low Borrowing Cost?

Would you rather have the lowest mortgage rate or the lowest borrowing cost? If you picked the latter, good for you. You’re mortgage savvy, and you’re in the minority. Check...

OSFI Rules to Cost Mortgage Renewers

Renewing a mortgage could soon get a lot more costly for 700,000+ Canadian families. And they’ll have OSFI to thank. The banking regulator’s new stress test will drive up debt...