Mortgage Blog

Category: Mortgage Trends & Rates

The Rate Today

June 5, 2020 | Posted by: Kelleway Mortgage Architects

Current Bank of Canada Qualifying Rate: 4.94% In order to find out how the current rate impacts Canadian consumers, we must first identify insured and uninsured borrowers. Do you have LESS ...

Lock-In or Stay Variable?

April 9, 2020 | Posted by: Kelleway Mortgage Architects

Whether you already have a mortgage or are looking to get your first mortgage amid COVID-19, there are some things you should know regarding fixed and variable rate mortgages during this time. If y ...

No News is Good News

January 24, 2020 | Posted by: Kelleway Mortgage Architects

On January 22, 2020, the Bank of Canada (BoC) announced that the overnight rate will be held at 1.75%, same as before.The BoC is also projecting that the Canadian economy will grow by 0.4% to arrive a ...

The Mortgage Default Rate

August 20, 2019 | Posted by: Kelleway Mortgage Architects

There has been a lot of talk about the growing debt in the personal finances of everyday Canadians. And to some extent, it may be true. No doubt, many consumers have gotten used to throwing ...

Homebuyers to Get New Mortgage Incentive, Home Buyers Plan Boost Under 2019 Budget

April 19, 2019 | Posted by: Kelleway Mortgage Architects

Can’t afford to buy a house? The government may take on part of the cost. That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Can ...

Tempered Rate Hike Forecasts for 2019

January 24, 2019 | Posted by: Kelleway Mortgage Architects

Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. ...

Mortgage Rules Change for the Self-Employed

August 15, 2018 | Posted by: Kelleway Mortgage Architects

It’s About To Get Easier To Qualify For A Mortgage For These 15% Of Canadians After the new mortgage stress test came into effect in January 2018, this year has had more than its ...

Bank of Canada Banckmark Rates Rise

July 12, 2018 | Posted by: Kelleway Mortgage Architects

MORTGAGE NEWS BANK OF CANADA BENCHMARK RATE RISES Despite international trade tensions, The Bank of Canada (BoC), as of Wednesday, July 11, 2018, raised the benchmark interest rate. This is th ...

A Moderate Housing Market Most Likely Over The Next Two Years

December 8, 2017 | Posted by: Kelleway Mortgage Architects

A Moderate Housing Market Most Likely Over The Next Two Years The Canada Mortgage and Housing Corporation’s (CMHC) 2018 Housing Market Outlook showed that housing markets in t ...

Genworth Canada publishes an Infographic on Canadian Mortgage Patterns

April 16, 2016 | Posted by: Kelleway Mortgage Architects

2014-04-16 - 10:03:40How do you compare with other Canadians with regard to home ownership and your financial well-being?Check this out... 2014-04-16_Genworth_Infographic_-_MortgagePatterns.pdf (Ple ...

Time to Lock-in that Variable Rate?

December 4, 2015 | Posted by: Kelleway Mortgage Architects

In October 2015, some mortgage lenders reduced their discounts on currently offered variable rate mortgages, (e.g., P-0.6% became P-0.4%). When that happens, those ...

Mortgage Interest Rates have Dropped, and now they’re Stabilizing

April 20, 2015 | Posted by: Kelleway Mortgage Architects

Yes, it is pleasant to get distracted by the pink snow of cherry blossoms (at least in Metro Vancouver) and lulled by the twitter of real birds. However, Spring is also a strategic time to thi ...

New Cut to Bank Rate - Got Questions? Call me.

January 21, 2015 | Posted by: Kelleway Mortgage Architects

“The overnight rate, which moves down to 0.75 per cent, had been at one per cent since September 2010. The cut will result in lower interest rates for variable rate mortgages, lines of credit ...

Glen Kelleway

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