Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according...
Uninsured posted rates from Canada's Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada.
Canadian homeowners may be feeling more anxious about their finances these days, but an overwhelming majority continue to believe real estate is a good long-term investment.
While some of the Big 6 banks have reported continued strong mortgage growth in the first quarter, TD Bank's mortgage book was basically flat compared to Q4 and up just 4% year-over-year.
The CHIP Reverse Mortgage from HomeEquity Bank allows Canadian homeowners age 55+ to access up to 55% of their home’s value and turn it into tax-free cash without having to move or sell.
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National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.
Investors made up between one fifth and one third of home purchases in 2020, according to new data from Statistics Canada.
Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.
High rates haven't stopped Canadians from tapping their home equity by way of reverse mortgages.
Canada's national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.
