Canada housing crash, Mortgage summit, Toronto prices, Transaction speed, More

Could rising interest rates crash Canada's housing market?

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25 October 2022

Top news Could rising interest rates crash Canada's housing market? Rates have surged throughout the year – and more increases are on the way The Canadian Mortgage Summit – lenders to look ahead to 2023 There's still time to register for the eagerly anticipated event Extra wiggle room with 35-year amortization With interest rates on the rise, affordability is a big concern for borrowers. In this scenario, the borrower needed help with cash flow to pay off some debt. Our expert BDM worked with the mortgage broker to help lower their client's monthly payments and free up some ratio room. The solution? Refinancing on a 1-year term at 6.19% with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt. Deal done. Bridgewater Bank How a reverse mortgage affects home equity HomeEquity Bank offers flexible options to help your clients get the most out of their equity This is how far Toronto's home prices could fall… The market is currently running a very high risk of its bubble bursting Revamp for 2023 at the Canadian Mortgage Summit Canadian Mortgage Professional is bringing together the industry's top mortgage brokers, lenders, and solution providers for a day dedicated to strategic learning at the Canadian Mortgage Summit – November 24th at the International Centre Mississauga Canadian Mortgage Summit Major housing market has hit the brakes The lower demand was especially apparent in the single-family home segment Exec on why transaction speed is key to success "If you're a broker today and you're not quick at responding to your client, someone else will be" Toronto mayor pledges to fix housing crisis He cruised to a third term How are Canadians' household finances fairing amid rate increases? Renters in particular are worried about their capacity to service their debts International news Self-employed customers 'marginalised' by lenders, according to brokers "The self-employed are the hardest type of borrower to systemise" Albanese government prepares to release first budget Labor is "bringing back responsible budget management," finance minister says "Mortgage brokers were blamed for a crisis they did not create" Group's advocacy head revisits past to illustrate the need for unity Will demographics create a split market? Expert talks about the future of housing CMP Talk Challenges in Canada's mortgage market It's been a dramatic year - here's how to keep business on track

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