Author Archives for RateSpy Staff

2018 – One Tough Mortgage Year

Few years have altered the mortgage landscape like 2018. Canada experienced what is arguably the biggest mortgage rule change of all time (OSFI’s B-20 and its “stress test”). It was...

Home Un-Affordability: New Insights

RBC released its quarterly housing affordability report last week. Once again, it overstated mortgage un-affordability relative to prior decades (as previously noted). But it did have some points worth pondering. Among...

The Market Tempers its Rate Hike Bets

The smart guys betting billions of dollars on interest rates are pulling back their wagers on 2019 rate hikes. (More on that, if you’re interested.) And if you believe those...

Confusing Data on Online Rate Shopping

There’s still way too much inefficiency in the mortgage research process. That is, if we’re to believe the latest CMHC data. Three out of four homebuyers used websites to gather...

The NAFTA Rate Rally is On

The wait for good news on trade is over. The U.S. and Canada reached a last-minute deal on Sunday to replace the current North American Free Trade Agreement (NAFTA). And we’re...