Even amid pandemic, the northern housing market is hotter than ever, say realtors

Robb NelsonMortgage Talk Canada

The real estate market has an ever-rising temperature despite doomsday predictions By: John Last, Katie Toth When Vanessa Thorson bought her duplex in Whitehorse’s Takhini neighbourhood in 2015, it cost her just $285,000. Three years later, she moved to Alberta and sold it for $305,000. But when she returned just 18 months later, in the fall of 2019, she says … Read More

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