The housing agency says mortgage stress remains concentrated in certain regions, with private lenders in the Greater Toronto and Hamilton Area showing some of the strongest signs of pressure.
Albertans are more concerned about a rise in interest rates than people in any other province, according to a new report from RBC. The bank’s latest Home Ownership Poll found that 76 per cent of Albertans said they were...
The cross-border flow of goods is slow, but Canada’s imports of American inflation are ramping up. Government of Canada (GoC) short-term bond yields have climbed sharply since February. Gas prices were behind the initial...
Ontario and Alberta recorded the highest mortgage application fraud rates in Q2 as Equifax warned lenders to account for regional differences in financial stress.
By Rita Nazareth (Bloomberg) — A sharp slowdown in the U.S. jobs market drove stocks higher as bond yields fell on speculation the Federal Reserve won’t be forced to raise interest rates any time soon. Those bets revived...
Canada has about 300,000 more residents than previously estimated, with revised figures overturning earlier indications that the country’s population was shrinking, according to a new analysis by Vancouver-based credit u...
The Federal Reserve raised interest rates by a quarter percentage point and pencilled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with Pre...
Canadian inflation didn’t get worse—unless you live in the majority of provinces. Statistics Canada (StatCan) data shows inflation stalled in August, with slowing gas prices helping to calm growth. While national growth...
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Mortgage Rates Set To Rise As Lender Margins Collapse Canadian fixed-rate mortgages are set to surge as bond yields continue to rise. Th...
Government of Canada bond yields made an abrupt surge yesterday, extending a trend that kicked off in February. Despite the aggressive rise, mortgage rates haven’t climbed with them as expected. A Big Six bank says lende...
Yields on U.S. government debt rose to fresh multi-year highs — stoking demand for an auction of 30-year bonds — as surging oil prices bolstered the case for a Federal Reserve interest-rate hike as soon as next week.
More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers’ exposure to future rate changes.
A surprise jump in U.S. hiring last month has bolstered the case for the Federal Reserve to raise interest rates when they meet later this month, but a hike is still not guaranteed.
Mortgages amortized over more than 25 years accounted for 58.6% of new insured homeowner volume in Q2, down slightly from Q1 but well above year-ago levels.
As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds.
An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve interest-rate increases despite elevated oil prices.
Federal mortgage-rule changes contributed to higher premiums written at the mortgage insurer, but rising delinquencies and claim severity pushed quarterly earnings lower.
The message from the bond market was clear: For all of Federal Reserve Chairman Kevin Warsh’s tough talk about taming inflation, he’s not rushing fast enough to deliver.
Federal Reserve officials left interest rates unchanged, but a fractured vote signalled growing conviction among some policymakers that higher rates are needed to curb resurgent inflation.
Robert McLister: New round of fighting has oil prices and bond yields climbing again. Plus: Why the CMHC doesn't plan to raise default insurance fees anytime soon
U.S. consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates.
via Canadian Mortgage Trends
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