In our previous post, we spoke about the fact that there are so many credit score providers out there, all providing different results, and... Read More
Mortgage News
INSIGHTS AND ANALYSIS OF THE MORTGAGE MARKET
It’s pretty easy to track your credit score these days—perhaps through a paid subscription to Equifax Canada or Trans Union Canada, or through free... Read More
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... Read More
Starting today, the more than 6,000 mortgage brokers who use the Velocity mortgage operating system will gain free access to TransUnion credit reports for... Read More
Significant drops in employment in Canada’s major cities will keep downward pressure on housing demand, with sales and home prices not expected to rebound... Read More
Adopting a more pessimistic tone than his predecessor, new Bank of Canada Governor Tiff Macklem said the country faces a challenging path to economic... Read More
For the second-quarter earnings season, all eyes were on the Big 6 banks’ credit loss provisions and mortgage payment deferral programs. With the onslaught... Read More
After the steepest decline on record in April, Canadian home sales posted a 56.9% rebound in May, while the number of new listings surged... Read More
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CATCH UP ON ARTICLES YOU MAY HAVE MISSED
Social distancing restrictions in place for the past few months have transformed the way homes are bought and sold, with many showings now taking... Read More
Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will... Read More
Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers. The Canada Mortgage and... Read More
The Bank of Canada shared its optimistic outlook for Canada’s economic recovery on Tuesday. But that doesn’t mean rate hikes should be expected any... Read More
Canada’s housing sector indicators, including prices, sales and home starts, aren’t expected to return to pre-COVID levels until at least the end of 2022,... Read More
COVID-19 has dramatically changed the course of many industries and threatened the physical, mental and financial wellness of millions of Canadians. In the housing... Read More