9/9/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Real Estate & Mortgage News

  4/5/2020 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Bond yields and central bank rates have never been lower, but not all the savings are filtering down. ... More

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Real Estate & Mortgage News

  3/28/2020 | Posted in Canadian Economy and Housing Market by Tuscany Hills Realty Services
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... More

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  3/18/2020 | Posted in Mortgage News by Tuscany Hills Realty Services
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Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

Real Estate & Mortgage News

  1/8/2020 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Tuscany Hills Realty Services
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More

Real Estate & Mortgage News

  5/28/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More

Real Estate & Mortgage News

  5/9/2018 | Posted in Home Buyers by Tuscany Hills Realty Services
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The bar is now higher for homebuyers to qualify for mortgages in Canada after the central bank raised a key metric used in stress tests that determine borrowers’ ... More

Real Estate & Mortgage News

  5/1/2018 | Posted in Home Buyers by Tuscany Hills Realty Services
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The Canadian Imperial Bank of Commerce says it will raise its five-year fixed-rate mortgage rate Tuesday by 15 basis points. ... More

Real Estate & Mortgage News

  4/27/2018 | Posted in Mortgage Interest Rates by Tuscany Hills Realty Services
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Two of Canada's biggest banks are raising their benchmark rates for five-year, fixed-rate mortgages. ... More

Real Estate & Mortgage News

  2/28/2018 | Posted in Financial Health by Tuscany Hills Realty Services
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Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. ... More

Real Estate & Mortgage News