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Mortgages

30-year amortizations will only impact a ‘sliver’ of the housing market: BMO – National

by Vera Ward
30-year amortizations will only impact a ‘sliver’ of the housing market: BMO – National

The Liberal government’s plan to allow some first-time homebuyers to stretch their mortgage amortizations to 30 years will only improve affordability for a “sliver” of the housing market, according to …

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High cost of upgrading to a nicer home is locking up the market

by Anas Siddiqui
High cost of upgrading to a nicer home is locking up the market

The Spring housing market is defying expectations that prices would cool and competition would ease. Higher mortgage rates usually cool both prices and demand, as they did last year, but …

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Vacation home co-ownership site Pacaso adds lower-priced listings

by Anas Siddiqui
Vacation home co-ownership site Pacaso adds lower-priced listings

Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market. The company, …

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February home sales spike 9.5% as supply improves

by Anas Siddiqui
February home sales spike 9.5% as supply improves

Jeff Greenberg | Universal Images Group | Getty Images Sales of existing homes surged 9.5% in February from January to 4.38 million units, on a seasonally adjusted annualized basis, according …

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Drop the mortgage stress test at renewal, competition watchdog urges Ottawa – National

by Vera Ward
Drop the mortgage stress test at renewal, competition watchdog urges Ottawa – National

Canada’s competition watchdog is urging Ottawa to drop requirements for some borrowers to pass the mortgage stress test at renewal, arguing it limits Canadians’ abilities to shop around for a …

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How to Get an Assumable Mortgage, Slash Your Interest Rate

by Anas Siddiqui
How to Get an Assumable Mortgage, Slash Your Interest Rate

This article originally appeared on Business Insider. This as-told-to essay is based on a conversation with Amy Yzaguirre, 40, a student and barista, who with her husband purchased a home …

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ICON’s Vitruvius AI program designs dream homes

by Anas Siddiqui
ICON’s Vitruvius AI program designs dream homes

Artificial intelligence is moving into the housing space, specifically architecture. ICON, which developed one of the first fully 3D-printed housing developments in the U.S., is taking automation another step further. …

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Homebuilder sentiment turns positive for the first time since July

by Anas Siddiqui
Homebuilder sentiment turns positive for the first time since July

U.S. homebuilders are feeling more confident about their businesses than they have since last summer, as they see better demand despite stubbornly high mortgage rates. Homebuilder sentiment rose 3 points …

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Overwhelmed by inflation, rising costs, more Quebecers need help to cover medical travel

by Akin Smith
Overwhelmed by inflation, rising costs, more Quebecers need help to cover medical travel

Every few months, Nicole St-Jean and her nine-year-old son, Vincent, fly to Quebec City from their home in Sept-Îles, Que., to see specialists for issues related to his severe gastric …

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Canadian economy not in recession, but 2023 was one of its weakest recent years

by Anas Siddiqui
Canadian economy not in recession, but 2023 was one of its weakest recent years

The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that …

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