Bank of Canada posts first-ever monthly decline in mortgage bond holdings

Robb NelsonMortgage Talk Canada

by Ephraim Vecina, Mortgage Broker News Amid its ongoing commitment to maintain its quantitative easing program, the Bank of Canada has reported its first ever monthly decline in the amount of Canada Mortgage Bonds (CMBs) held by the institution. The central bank’s data showed that it held $9.66 billion in CMBs at the end of December, falling by 0.65% from November … Read More

Why are home prices higher in Canada than in the US?

Robb NelsonMortgage Talk Canada

by Duffie Osental The average cost of a house in Canada is almost twice as much as in the United States – something BMO’s chief economist believes could be due to several reasons. According to figures from BMO, the average home price in Canada is about 46% higher than the average cost of a home south of the border. What’s … Read More

Canadian Mortgage-Rate Forecast for 2021

Robb NelsonMortgage Talk Canada

By: David Larock We begin 2021 with our glasses half full – and that’s not just because our New Year’s celebrations were cancelled. On the one hand, recently approved vaccines give us hope that we will beat the pandemic back and return to normal activities sometime this year. But on the other hand, spiking infection rates have necessitated the reintroduction … Read More

Windsor’s average property price has increased by more than $80,000 since last November

Robb NelsonMortgage Talk Canada

The average price people are willing to pay for real estate in Windsor-Essex continues to skyrocket even as the COVID-19 pandemic rages on. In general, the average property price in the region has increased by nearly 25 per cent over the last year. “It has escalated lately,” Damon Winney, president of the Windsor-Essex County Realtor’s Association said. According to a  monthly report … Read More