As deferral programs end, a reverse mortgage can help

Robb NelsonMortgage Talk Canada

by Kasi Johnston When the COVID-19 pandemic first hit back in March, Canada’s big banks announced that clients affected by the coronavirus crisis would have the option to defer their mortgage payments for up to six months. Lenders across the country soon followed suit, offering their own mortgage payment deferral programs. Depending on which plan the borrower entered into, that … Read More

CK home sales bounce back with higher prices

Robb NelsonMortgage Talk Canada

By Natalia Vega Home sales in Chatham-Kent are heating up as the industry starts to recover from the COVID-19 pandemic. The Chatham-Kent Association of Realtors reports that 127 homes were sold in June, which is only one fewer sale than the same time last year. On a year-to-date basis, 554 homes were sold in the first six months of 2020, a … Read More

Print This Post Why Record-Low Mortgage Rates Now Seem Inevitable

Robb NelsonMortgage Talk Canada

by David Larock Canadian mortgage rates continue to fall, and it now seems only a matter of time before they hit record lows, which I peg at about 2% for widely available five-year fixed-rate mortgages. While the decline in mortgage rates has been hastened by the COVID crisis and the oil price crash, longer-term factors are also putting downward pressure … Read More

Intentions to buy are strong with first-time home buyers

Robb NelsonMortgage Talk Canada

By: Myke Thomas With evidence confidence in the real estate market is increasing, there are indications first-time home buyer intentions to buy have not wavered, says Phil Soper, president and CEO of Royal LePage. “We saw intentions through the Environics study that Genworth did in February and May and we found intentions to buy are the same,” says Soper. “They’re … Read More