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

Big Banks Still Dominate Mortgage Market Share, Says CMHC

September 14, 2020 No Comments

Big banks originate nearly 7 out of 10 (67%) of new Canadian mortgages, although their market share has fallen slightly from last year, according to

Q3 2020 Bank Earnings – An Update on Big Bank Deferrals

September 9, 2020 No Comments

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 those

OSFI regulatory changes to mortgage deferrals

Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals

August 31, 2020 No Comments

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 effective

Q2 Lender Earnings: Mortgage Deferral Situation Easing

August 25, 2020 No Comments

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.

The Latest COVID-19 Mortgage News: Toronto Real Estate Sales Plunge 37%

April 1, 2020 No Comments

New data suggests homes sales in Toronto dropped 37% last week compared to the same time last year, according to Realosophy Realty. The firm also

Big Banks Announce Mortgage Deferral Relief for Homeowners

March 19, 2020 10 Comments

Canada’s big banks announced this week that those struggling due to the COVID-19 crisis will be able to defer their mortgage payments for up to

mortgage deferral