canadian mortgage market News and Articles | My Blog
CMHC says risks remain in mortgage market as delinquencies creep up
11/4/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
Supply in Canada's property market surges as mortgage renewals loom
7/17/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in ... More
OSFI announces new stress test for uninsured mortgages
4/16/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canadian regulator cracks down on high-debt mortgages to protect borrowers
... MoreUnder-35 households lead the way in reducing mortgage debt, StatCan reports
1/25/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.
... MoreMortgage activity down 25% from 2022 and fixed rates remain top choice, stats show
11/23/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.
... MoreNew mortgage activity slowing - but debt continues rising, says CMHC
11/9/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More
Canadian banks have processed 670,000 mortgage deferrals in first month
4/17/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
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
Canada's big banks field half a million mortgage deferral requests
4/4/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
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 ... More
Canadian Home Sales Brace for 30% Drop on Virus
4/2/2020 | Posted in Canadian Housing Market by Paul DeAdder
Real estate listings are drying up, open houses have been canceled, and buyers are staying home.
... MoreCanada's big banks field more than 200,000 mortgage deferral requests
3/28/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and ... More
CMHC expands Insured Mortgage Purchase Program
3/26/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada beefs up liquidity plan with expanded mortgage guarantee
... MoreGovernment announces new mortgage buying program
3/17/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.
... MoreFixed rate mortgages could go on sale
1/29/2020 | Posted in Mortgage Interest Rates by Paul DeAdder
Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down
... MoreUltra-low Rates Will Persist: RBC
1/17/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.
... MoreCEO of Canada's biggest bank calls for caution as Ottawa considers adjusting mortgage stress test
1/8/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More
Canadian mortgage performance to remain stable in 2020
12/18/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Canadian mortgage lenders shouldn’t worry too much about the performance of their loans in 2020 according to a new report from Fitch Ratings.
... MoreCanadian mortgage debt growth continues unabated
10/10/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
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 ... More
More Fed cuts expected to push Canadian interest rates lower
9/19/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well.
... MoreReverse mortgages are booming in Canada
9/16/2019 | Posted in Mortgage News by Paul DeAdder
Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon.
... More23% of millennials justify lying on a mortgage application
9/16/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud.
... MoreSoaring House Prices Could Return As Interest Rates Head To Zero: BMO
8/10/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
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.
... MoreWith fixed rates below variable ones, mortgage market is in the Upside Down
7/28/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
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.
... MoreThe era of higher mortgage rates was short-lived
7/18/2019 | Posted in Mortgage Interest Rates by Paul DeAdder
Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.
... MoreAlternative lenders increase share of slowing Canadian mortgage market: CMHC
7/17/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
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 ... More
