3/22/2024 | Posted in Government and Regulation by Kit Blott
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More
11/9/2023 | Posted in Mortgages and Real Estate by Kit Blott
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More
7/21/2019 | Posted in Mortgages and Real Estate by Kit Blott
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The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ... More
6/13/2019 | Posted in Home Buyers by Kit Blott
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Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More
6/11/2019 | Posted in Canadian Housing Market by Kit Blott
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The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). ... More
5/9/2019 | Posted in Mortgages and Real Estate by Kit Blott
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Bank of Canada Governor Stephen Poloz suggested that lenders should encourage mortgage products with longer terms as a means of distributing risk more evenly and insulating the ... More
2/8/2019 | Posted in Canadian Housing Market by Kit Blott
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The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More
12/17/2018 | Posted in Canadian Economy and Housing Market by Kit Blott
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The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ... More
11/28/2018 | Posted in Rental Market by Kit Blott
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Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units. ... More
8/15/2018 | Posted in Mortgages and Real Estate by Kit Blott
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There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. ... More
7/19/2018 | Posted in Home Buyers by Kit Blott
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Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage ... More
4/10/2018 | Posted in Canadian Housing Market by Kit Blott
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The trend in housing starts was 226,842 units in March 2018, compared to 225,804 units in February 2018, according to Canada Mortgage and Housing Corporation (CMHC). This ... More
3/9/2018 | Posted in Canadian Housing Market by Kit Blott
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Toronto and Vancouver’s real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is “significantly weaker ... More
1/9/2018 | Posted in Canadian Housing Market by Kit Blott
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The trend in housing starts was 226,777 units in December 2017, compared to 226,178 units in November 2017, according to Canada Mortgage and Housing Corporation (CMHC). This trend ... More
1/1/2018 | Posted in Canadian Housing Market by Kit Blott
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The Canadian real estate market made headlines plenty of times in 2017 — but what does next year have in store? Will housing prices and affordability continue to dominate ... More
12/10/2017 | Posted in New Developments by Kit Blott
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Canada Mortgage and Housing Corp. says the pace of housing starts picked up in November, with condo building in Toronto driving the trend. ... More
11/16/2017 | Posted in Mortgages and Real Estate by Kit Blott
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Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase the ... More
10/2/2017 | Posted in Mortgages and Real Estate by Kit Blott
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Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation. ... More
6/15/2017 | Posted in Mortgage News by Kit Blott
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Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least limit ... More
6/14/2017 | Posted in Mortgages and Real Estate by Kit Blott
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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ... More
4/10/2017 | Posted in Real Estate News by Kit Blott
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The annual pace of housing starts increased more than expected in March and hit their highest level since September 2007. The Canada Mortgage ... More
3/8/2017 | Posted in Mortgages and Real Estate by Kit Blott
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The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down payments ... More
3/8/2017 | Posted in Real Estate News by Kit Blott
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The pace of home construction in Canada picked up last month and a lot of the push came from Ontario, the federal housing agency said Wednesday, offering the latest evidence that ... More
1/10/2017 | Posted in New Developments by Kit Blott
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Canada Mortgage and Housing Corp. says the seasonally adjusted annual pace of housing starts in December came in at 207,041 units, up from 187,273 in November. ... More
12/7/2016 | Posted in Real Estate News by Kit Blott
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Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to a ... More
11/30/2016 | Posted in Mortgages and Real Estate by Kit Blott
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Canada Mortgage and Housing Corp., the Crown corporation that controls about half of the mortgage default insurance market in the country, continues to shrink its ... More
11/26/2016 | Posted in Home Buyers by Kit Blott
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The head of Canada Mortgage and Housing Corp. has opened the door to the possibility of increasing the minimum down payment needed to buy a house, though a change is not currently ... More
11/17/2016 | Posted in Mortgage News by Kit Blott
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Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios. ... More
11/8/2016 | Posted in Real Estate News by Kit Blott
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Canada Mortgage and Housing Corp. says the pace of housing starts in October slowed compared with September. ... More
10/27/2016 | Posted in Real Estate Market by Kit Blott
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Canada’s housing agency is warning that prices are soaring in smaller communities in British Columbia and Ontario as the real estate boom in Vancouver and Toronto spreads ... More
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