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Stories Tagged - lending

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March 16, 2021 | Josh Skapin

Detached-home sellers are in the driver's seat, as low mortgage rates fuel demand across Calgary

Enticing discount mortgage rates have helped put Calgary's detached home market in rare form.

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April 07, 2020 | Tyler Difley

COVID-19 and the Calgary housing market: forecasting potential short- and long-term impacts

As governments and individuals around the world work to combat the spread of the COVID-19 virus, it has become clear the epidemic will have far-reaching impacts for Calgary's residents, businesses and economy.

The ultimate impact of new Canada-wide mortgage rules on the Calgary housing market is hard to predict. But experts say the new rules, combined with rising interest rates, might make it harder for many people to break into the market.
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Jan. 30, 2018 | Gerald Vander Pyl

Up in the air

Impact of new mortgage rules on Calgary housing market remains uncertain entering 2018

A new Canada-wide stress test for people applying for uninsured mortgages is leading to uncertainty among experts about the possible effects on the Calgary real estate market in 2018.

The federal government's new B-20 guidelines, introduced on Jan. 1, set out a new minimum qualifying rate or "stress test" for mortgages. Borrowers must qualify using the five-year benchmark rate published by the Bank of Canada, or the contractual mortgage rate plus two per cent – whichever is greater.


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