In March, Canada's Competition Bureau recommended allowing uninsured mortgage borrowers to switch between banks without undergoing a stress test, saying the policy was "not applied evenly." ...

With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...

Terms may apply to offers listed on this page. There's a reason the 30-year mortgage is so popular with home buyers. With a longer repayment schedule, you pay less each month than with a shorter ...

It indicates an expandable section or menu, or sometimes previous / next navigation options. Affiliate links for the products on this page are from partners that compensate us (see our advertiser ...

Mortgage trends for 2024 Here are the current mortgage interest rates and their projected course for the rest of the year. As of September 27, the average annual percentage rate (APR) for a 30 ...

Given the high cost of homebuying, a mortgage is necessary for the vast majority of aspiring homeowners. And finding the right lender can make the difference of thousands of dollars — or even ...

The regulator said in an email the lifting of the mortgage-stress test would apply to switches of uninsured mortgages that are renewed at a new lender. Mortgages in Canada require insurance if the ...

After hovering in the high 6% and 7% range for much of 2023 and 2024, mortgage rates are finally starting to drop ...

Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the ...

Canada’s banking regulator will no longer require banks to apply the mortgage stress test to borrowers planning to switch lenders. The Office of the Superintendent of Financial Institutions ...

Bank regulator will no longer require banks to stress test borrowers to meet minimum qualifying rate when switching lenders ...

More than three-quarters of homebuyers took out a mortgage to finance their purchase in 2023, according to the National Association of Realtors. There's an army of lenders out there ...