4/19/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

The pace of mortgage borrowing continued to slow in February, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  3/30/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

Real Estate & Mortgage News

  3/25/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

Real Estate & Mortgage News

  3/8/2021 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

Investors see rising chances that the Bank of Canada would hike interest rates next year as the economic outlook improves, but the central bank is likely to push back against ... More

Real Estate & Mortgage News

  3/3/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More

Real Estate & Mortgage News

  2/23/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More

Real Estate & Mortgage News

  1/20/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

Real Estate & Mortgage News

  1/5/2021 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Real Estate & Mortgage News

  10/8/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

Real Estate & Mortgage News

  9/25/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More

Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

Real Estate & Mortgage News

  7/9/2020 | Posted in Financial Health by Boris Guerdjikov
  SHARE

Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

  6/23/2020 | Posted in Mortgage Interest Rates by Boris Guerdjikov
  SHARE

Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Real Estate & Mortgage News

  5/12/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

The coronavirus has plunged market activity into a deep freeze ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

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

  4/4/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

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

  4/2/2020 | Posted in Canadian Housing Market by Boris Guerdjikov
  SHARE

Real estate listings are drying up, open houses have been canceled, and buyers are staying home. ... More

Real Estate & Mortgage News

  3/28/2020 | Posted in Canadian Economy and Housing Market by Boris Guerdjikov
  SHARE

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

Real Estate & Mortgage News

  3/26/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canada beefs up liquidity plan with expanded mortgage guarantee ... More

Real Estate & Mortgage News

  3/17/2020 | Posted in Canadian Economy and Housing Market by Boris Guerdjikov
  SHARE

The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Boris Guerdjikov
  SHARE

Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

Real Estate & Mortgage News

  1/8/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

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

  12/18/2019 | Posted in Canadian Economy and Interest Rates by Boris Guerdjikov
  SHARE

Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings. ... More

Real Estate & Mortgage News

  10/10/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

Real Estate & Mortgage News

  9/19/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
  SHARE

Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

Real Estate & Mortgage News

  9/16/2019 | Posted in Mortgage News by Boris Guerdjikov
  SHARE

Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon. ... More

Real Estate & Mortgage News
Ask Boris Guerdjikov

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 3 + 5 =