mortgage credit Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage Digest: Bank of Canada raises concerns over economic risks as inflation nears target

September 23, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

May 29, 2024 No Comments

CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.

Mortgage volumes fell in Q2 as credit card debt rose: Equifax

September 11, 2022 1 Comment

Canadian borrowers applied the brakes to mortgage borrowing in the second quarter while ramping up non-mortgage debt.

Mortgage debt grew at its fastest pace since 2008: CMHC

July 6, 2022 No Comments

Record-low interest rates drove mortgage debt 9% higher on an annual basis in 2021, its fastest pace since 2008.

Mortgage Borrowing Set a New Record in 2021

March 14, 2022 No Comments

The amount of mortgage debt taken on by Canadians set a fresh record in 2021, eclipsing the previous record set the year before.

Is the Real Estate Frenzy Finally Slowing Down? Signs are Emerging.

March 7, 2022 No Comments

There are signs cropping up that the intense level of housing imbalance seen throughout the pandemic may finally be reaching a turning point.

Canadian real estate is not yet a bubble

Latest in Mortgage News: Canada’s Housing Market Not a Bubble…Yet: BMO

February 14, 2022 No Comments

Despite concerns about ever-rising home prices, Canada’s housing market still doesn’t resemble a bubble, at least not yet.

Canadian mortgage origination growth in the third quarter

Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC

January 26, 2022 1 Comment

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage

Average mortgage loan rises in Q3 says Equifax

Average New Mortgage Size Surges 18% in Third Quarter: Equifax

December 1, 2021 No Comments

The average new mortgage being taken out by today’s borrowers surged to $360,000 as of the third quarter, Equifax reports.

Record Mortgage Growth and Higher HELOC Usage in Q2

August 31, 2021 No Comments

Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter. Nationwide, volume was up

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