Who pays bills more regularly? Homeowners or non-homeowners?
September 10, 2021
While Canadian homeowners have on average $359,597 in mortgage debt, they are still generally dealing better with the costs of living than non-owners, according to a…
Category: Renewing
CIBC’s Strong Q3 Mortgage Growth Helped Fuel Market Share Gains
August 26, 2021
CIBC and TD Bank closed out the third-quarter earnings season for the Big 6 banks with impressive profits, much like their peers that reported earlier in the week…
The Different Types of Lenders – Banks vs. Credit Unions vs. M…
August 16, 2021
The Different Types of Lenders – Banks vs. Credit Unions vs. Monolines Many Canadians automatically go to their local bank branch for a mortgage. This can be a hu…
What will post-pandemic brokering look like?
August 9, 2021
One of the most-discussed developments of the COVID-19 era has been the Zoom revolution, with work-from-home requirements drastically reducing face-to-face…
Canada’s Housing Market “Slowly Getting Back to Normal”
July 15, 2021
Home prices are down for the third consecutive month since reaching a peaking in March, according to the Canadian Real Estate Association.
Bank of Canada Holds Rates, Says High Inflation Will be Temporary
June 9, 2021
The Bank of Canada’s Wednesday rate announcement was “steady as she goes,” as it maintained its Quantitative Easing program and reiterated that rates should stay…
The Latest in Mortgage News: Have Home Prices Peaked?
June 7, 2021
The seemingly endless run-up in home prices seems to have reached a peak, at least for now.
May home sales data from some of the country’s real estate boards showed…
Home Inspection vs. Appraisal
June 6, 2021
Home Inspection vs. Appraisal Do you know the difference between a home inspection and a home appraisal? Many home buyers use these terms interchangeably. While a home…
Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1
May 21, 2021
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage…
Latest in Mortgage News: House Prices to Moderate This Year, Says CMHC
May 12, 2021
Home prices are expected to finally level off from the “unsustainable” increases that have been seen over the past year, says the Canada Mortgage and Housing Corp…