Author Archives for RateSpy Staff

How a Trade War Could Hold Rates Down

“We cannot withstand a trade war with the United States” – Rona Ambrose. When over 70% of your exports go to one country, and that country’s representatives say, “There’s a special place...

TD’s Mortgage Rate Gambit

Confusion and angst. That’s what TD caused with its 45-basis-point 5-year posted rate hike on Friday. But as it turns out, no other banks matched it, at least not yet....

Stress Test Consequences Adding Up

New data has more than a few observers second guessing Ottawa’s latest mortgage clampdown. RE/MAX’s 2018 Spring Market Trends Report quantifies the by-products coming from one of the biggest mortgage...

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...