uninsured mortgages News and Articles | My Blog
OSFI considering new benchmark rate for uninsured mortgages
2/19/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
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 ... More
Morneau unveils new insured mortgage stress test rate
2/18/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Ottawa changing stress test rate for insured mortgages starting April 6.
... MoreMortgage 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.
... MoreBoC touts long-term mortgages to open MBS market
5/9/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
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
Mortgage stress test is helping fuel alternative lending boom
4/16/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
CIBC economist says regulators need to revisit rules that have made it harder to get a mortgage.
... 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.
... MorePrivate lending becomes new normal
6/12/2018 | Posted in Home Buyers by Paul DeAdder
Private lenders have doubled their share of Canadian mortgages since 2015.
... MoreUninsured mortgages buck housing trends across country
3/19/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to ... More
No new regulations, drastic home price increases in 2018
1/4/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
By all indications, 2017 has proven to be a tumultuous period in the mortgage and real estate spheres, but a markets observer argued that this year will offer a measure of ... More
Longer amortizations and higher costs: Our mortgage outlook for 2018
12/25/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception.
... MoreSurge in uninsured mortgages 'no coincidence'
12/6/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Consumers looking to consolidate debt currently have more buying power than they will next month, therefore rushing to refinance their mortgages before the new mortgage ... More
BoC flags risk from low-ratio mortgage loans
12/4/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada has released its latest assessment of the financial system and has once again highlighted risk from mortgages.
... MoreCMHC takes aim at shadow lenders amid rising debt levels
11/16/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase ... More
