2/25/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

Real Estate & Mortgage News

  2/23/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More

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  2/2/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Lenders "have never seen as many as they have now". ... More

Real Estate & Mortgage News

  1/27/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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High numbers correlate with those most severely hit by unemployment ... More

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  1/20/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

Real Estate & Mortgage News

  1/19/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

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  1/12/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation. ... More

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  1/5/2021 | Posted in Mortgages and Real Estate by Ron Hyde
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Real Estate & Mortgage News

  11/24/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

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  10/13/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

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  10/8/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

Real Estate & Mortgage News

  9/25/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More

Real Estate & Mortgage News

  9/18/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... More

Real Estate & Mortgage News

  9/10/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

Real Estate & Mortgage News

  9/9/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

Real Estate & Mortgage News

  8/30/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion. ... More

Real Estate & Mortgage News

  8/17/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post. ... More

Real Estate & Mortgage News

  8/10/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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While shrinking mortgage delinquencies during the first quarter have set the stage for even lower Q2 readings, analysts warned that a significant increase might take place after ... More

Real Estate & Mortgage News

  7/13/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

Real Estate & Mortgage News

  6/30/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Real Estate & Mortgage News

  6/12/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

Real Estate & Mortgage News

  4/4/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Real Estate & Mortgage News

  3/26/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More

Real Estate & Mortgage News

  3/5/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

Real Estate & Mortgage News

  2/27/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

Real Estate & Mortgage News

  2/19/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

Real Estate & Mortgage News

  2/18/2020 | Posted in Mortgages and Real Estate by Ron Hyde
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More

Real Estate & Mortgage News