Majority of Canadian Buyers Borrowing Their Maximum Approved Mortgage
July 20, 2021
Soaring home prices over the past year have forced a majority of today’s homebuyers to use the maximum mortgage amounts they’ve been approved for…
Tag: Consumer Mortgage Report
Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October
November 5, 2020
The postponed spring housing market has now extended its run well into fall, with home sales in Toronto and Vancouver up 25% and 29%, respectfully, compared to a year ago.
The high demand is continuing to put pressure on prices as well. The avera…
COVID-19 Stokes Canadian Homebuying Intentions: MPC Report
August 10, 2020
The global pandemic may have brought the Canadian real estate sector to a near standstill this spring, but over the longer term it appears to have stoked homebuying intentions.