mortgage industry News and Articles | My Blog
Alternative 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
Mortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.
... MoreBig banks tighten grip on mortgage market after rule changes stifle competition
12/14/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
New B-20 rules have created an uneven playing field because stress tests don't apply to people renewing mortgages with their current lender
... MoreMortgage risks fading as Bank of Canada sees dramatic drop in highly indebted borrowers
11/14/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
The bank says stress tests and higher interest rates have reduced the share of new high-leverage, insured loans to six per cent from 20 per cent in late 2016.
... MoreInsured mortgage levels way down in 2018
11/5/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.
... MoreThere were fewer new mortgages in 2017 CMHC data shows
8/15/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC.
... MoreOdds of a rate hike just went up as Canada's growth wows economists
9/1/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.
... MoreInsured mortgage market has decreased: CMHC
8/30/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The market for insured mortgages has decreased due to new regulations introduced at the end of 2016.
... MoreWhy people are turning to their phones for mortgage advice
8/25/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
“Hey Siri, what’s the best mortgage rate?”
... MoreInterest rates to hit 1.75% by summer 2019
8/16/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.
... MoreNew mortgage data released by CMHC
8/14/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ... More
Refinancing is driver of new loans growth: CMHC
8/9/2017 | Posted in Mortgage News by Paul DeAdder
The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More
Risk sharing could be negative for housing, mortgage market
7/31/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More
Stress tests are driving some to riskier lending
7/12/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The stress tests on mortgages, introduced last fall by the federal government, is pushing some homebuyers into uninsured lending options.
... MoreProposed mortgage rules aim to reduce financial risk in Canada's hot housing markets
7/7/2017 | Posted in Mortgage News by Paul DeAdder
New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More
Canada's central bank acts to defuse housing market threat
6/15/2017 | Posted in Mortgage News by Paul DeAdder
Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More
Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC
6/14/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More
CMHC insurance volumes plunged 41% after mortgage rules tightened
5/30/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.
... MoreA 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says
5/25/2017 | Posted in Financial Health by Paul DeAdder
Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More
Prepare for multi-point interest rate rise
5/5/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
Mortgage borrowers should be prepared for a rise in interest rates which could mean a 2.5 per cent rise by 2021 says Desjardins.
... MoreHome Capital crisis might precipitate mortgage rates hikes
5/3/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The current troubles of Home Capital Group might lead to higher mortgage rates for less credit-worthy borrowers if concerns about the sector trigger an increase in funding ... More
Mortgage rates continue to defy expectations as Trump runup fizzles
4/28/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.
... MoreRegulator launches broker database
4/4/2017 | Posted in Home Buyers by Paul DeAdder
Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ... More
US Federal Reserve hikes key interest rate to twice that of Canada's
3/15/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ... More
CMHC mortgage insurance hike scheduled for this month
3/8/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down ... More
Canada's banks are pushing back against taking on more mortgage risk
3/1/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's financial industry is urging Ottawa to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults — calling ... More
3/1/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it's keeping a watchful eye on "significant uncertainties'' that it warns ... More
Mortgage rates to remain low for the first half of 2017
2/24/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
In the wake of its report on the unsustainability of the Canadian housing market, Fitch Ratings predicted that mortgage rates will remain at record-low levels for the first six ... More
Lending market to slow down noticeably in the next few years: CIBC
2/17/2017 | Posted in Mortgage News by Paul DeAdder
The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More
Variable-rate mortgages becoming more important to the market
2/10/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The gap between the number of borrowers going for fixed and variable rates has become larger recently, pointing to the increasingly important role that variable-rate mortgages ... More
