10/10/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

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  9/25/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Employment figures had a major influence on the market's dynamics. ... More

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  9/19/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

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  9/16/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More

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  9/6/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

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  8/10/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More

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  7/28/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

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  7/21/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More

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  7/18/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ... More

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  7/17/2019 | Posted in Mortgages and Real Estate by Marti Philp
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An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ... More

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  6/11/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

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  5/31/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties. ... More

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  5/9/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More

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  5/1/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The Canadian government should consider being flexible on its new mortgage lending rules because the impact has been longer-lasting and more significant than expected, ... More

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  4/25/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. ... More

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  4/3/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group. ... More

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  3/14/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada’s household debt levels will force around 1 in 5 people with debt to sell assets to stay above water. ... More

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  3/6/2019 | Posted in Mortgages and Real Estate by Marti Philp
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More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

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  2/22/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The B-20 mandated stress test is already outdated considering current market realities, according to a real estate firm head. ... More

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  2/7/2019 | Posted in Mortgages and Real Estate by Marti Philp
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The federal government appears to be considering a budget announcement that would allow first-time homebuyers to obtain 30-year insured mortgages, up from the 25-year limit now, ... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More

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  2/5/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Residential mortgage growth rose 3.1 per cent to $1.55 trillion in December from a year earlier, the slowest pace since May 2001, and half the growth rate from two years ago, ... More

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  1/30/2019 | Posted in Mortgages and Real Estate by Marti Philp
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News report had claimed Finance Minister was thinking about expanding rules, but he says he's not ... More

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  1/25/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders' rapid ... More

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  1/22/2019 | Posted in Mortgages and Real Estate by Marti Philp
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Those in the market for a Toronto home shouldn’t get too excited about the prospect of lower mortgage rates, says one economist. ... More

Real Estate & Mortgage News

  12/14/2018 | Posted in Mortgages and Real Estate by Marti Philp
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New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender ... More

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  11/25/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The main reason that 15% of Canadian homeowners refinanced their homes was to consolidate debt. ... More

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