Top Risks and Trends in Canada’s Mortgage Market
September 14, 2021
From rising inflation and falling consumer confidence to changing lifestyle choices, Canada’s mortgage market impacts from multiple fronts…
Tag: Mortgage
Latest in Mortgage News: Canadians Say Low Interest Rates to Blame for High Home Prices
September 3, 2021
More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest…
Record Mortgage Growth and Higher HELOC Usage in Q2
August 31, 2021
Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter.
Nationwide, volume was up 60.2% comp…
Summary of Housing Promises from Canada’s Main Political Parties
August 30, 2021
Canada’s main political parties have been unveiling housing promises over the past couple of weeks, each outlining how they plan to tackle the predominant housing…
What Does High Inflation Mean for Mortgage Rates?
August 24, 2021
Canada’s inflation rate came in above expectations last week, rising to its highest level in more than a decade.
If above-target inflation persists, it could have…
Industry Response to New Sept. 30 Holiday and How Some Closings Will be Affected
August 13, 2021
Mortgage lenders, brokers and brokerages across the country are developing contingency plans for clients whose closings will be impacted by the new September…
Latest in Mortgage News: Housing Affordability Back on the Decline
August 12, 2021
Following improvements in 2020, housing affordability worsened in the second quarter of this year by its widest margin in 27 years.
The main culprit was due to rising…
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…
Homebuyers Shun CMHC’s First-Time Home Buyer Incentive
June 23, 2021
The federal government’s First-Time Home Buyer Incentive (FTHBI) was meant to offer a path to homeownership for those unable to tap the “Bank of Mom and Dad” for…
Low Rates Helping Borrowers Pay Off Mortgages at Record Pace
June 22, 2021
Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever…