Archive by Author | Brian Hawrysh

Mortgage Minute for June 7, 2012

The Bank of Canada did what everyone expected this week and left the overnight rate unchanged at 1%.  This marks the 14th straight month with no change in prime. For those with...

Mortgage Minute for May 10, 2012

Another quiet week but some housing numbers came out higher.  Most analysts expect those numbers to ease so they aren’t giving much attention to the results at this point. The...

Toronto’s Condo Bubble

In the last few days the Toronto Condo Bubble discussion has once again become a hot topic but here’s the thing – if you google “Toronto Condo Bubble”...

Mortgage Minute for April 19 2012

The Bank of Canada announced on Tuesday that they were maintaining interest rates. They also noted that prospects are brighter for the future, with Europe expected to pull out of its...

Midweek Mortgage Minute for April 11 2012

Household debt in Canada continues to cause concern. In the past week both Bank of Canada governor Mark Carney and the economic think-tank, The C.D. Howe Institute, commented in very...

Mortgage Minute for April 4 2012

This week we all watched to see how rates changed post-2.99%.  Most lenders had increased their 5 year rates but a few are still quite low.  The four year terms were equally active...

Monthly Resale Figures – March 2012

  The month of March 2012 levelled off after seeing sharp month over month increases in average resale home prices across property types.  Prices remain up sharply on year over...

Midweek Mortgage Minute for March 21, 2012

Bond yields have risen fairly significantly over the last two weeks, giving some pressure to current mortgage rates and more notably, our 2.99% specials. Bank of Nova Scotia withdrew...

Midweek Mortgage Minute for March 7, 2011

The week is starting out quiet but the Bank of Canada rate announcement is tomorrow and the latest employment numbers are released on Friday.  Of course, the big one to watch is the...

Mid Week Mortgage Minute for Feb 29th 2012

There was a lot of talk this past week about the potential for legislated mortgage changes this year.  The government has publicly shared their concern over a heated real estate...