The unlikely rebound of Canada's real estate market continues, with home sales surging to 20% higher than pre-pandemic levels. Read More
Mortgage News
INSIGHTS AND ANALYSIS OF THE MORTGAGE MARKET
Big banks originate nearly 7 out of 10 (67%) of new Canadian mortgages, although their market share has fallen slightly from last year, according... Read More
In early 2019, the board of the MPC Foundation began envisioning ways in which the foundation could evolve to make a more meaningful impact... Read More
Despite a booming housing market and rapid job gains, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.” Read More
The country’s Big Six banks provided an update on the state of their mortgage deferrals, with each reporting varying results in terms of getting... Read More
OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic conditions. The changes are... Read More
Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appears to be telling a different story. Read More
First-time homebuyers are often on a tight budget, where every dollar is carefully accounted for. Yet, many report confusion when told how much money to bring to their lawyer’s office to complete their home purchase. Read More
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Past Features
CATCH UP ON ARTICLES YOU MAY HAVE MISSED
The last 24 hours has been significant for the Trudeau Government. The SNC Lavalin and WE Charity issues are primarily political liabilities, but the... Read More
Continuing the upward trend that started in June, home sales bounced back to pre-COVID levels in July, soaring 30.5% year-over-year. Home prices, too, set... Read More
It's so hard to have a calm intelligent debate about mortgage policy in Canada. And there’s a reason for it. Read More
Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards. Read More
The stress test rate is about to fall for the second time in three months now that most of Canada's Big Six banks have reduced their 5-year fixed posted rates. Read More
The global pandemic may have brought the Canadian real estate sector to a near-stand still this spring, but over the longer term it appears to have stoked homebuying intentions. Read More