Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Have fixed mortgage rates peaked? May 25th
Notwithstanding some additional rate hikes last week, fixed mortgage rates have seemingly plateaued following a stellar run-up over the past several months..... More »
How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th
Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »
Highclere Capital enters Canada’s mid-market lending space + MORE Feb 23rd
A new player in Canada’s mid-market mortgage lending space is intent on shaking up the industry..... More »
How retired parents can use the FHSA to help their adult children + MORE Mar 26th
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one.
However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still diffi.... More »
The Latest in Mortgage News: Canadians Divided Over Home Price Expectations Jan 4th
Following a record year of home price increases, Canadians remain divided over where they expect (and hope) prices will go from here..... More »
Household debt climbs to 167.8 per cent, says StatsCan
– macleans.ca
(Shutterstock)OTTAWA – Statistics Canada says the amount Canadians owe compared with their disposable income climbed higher in the second quarter.
The agency says household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.
That means for every dollar of household disposable income there was $1.68 in credit market debt.
The increase came as household income increased 1.2 per cent while household credit market debt rose 1.9 per cent.
Total household credit market debt, which includes consumer credit, mortgage and non-mortgage loans, totalled nearly $2.08 trillion in the second quarter.
Mortgage debt increased 1.6 per cent to $1.36 trillion, while consumer credit grew 2.4 per cent to $609.6 billion.
The post Household debt climbs to 167.8 per cent, says StatsCan appeared first on Macleans.ca.
Housing Market Digests: August 2017
– canadianmortgagetrends.com
Will Dunning, Chief Economist for Mortgage Professionals Canada, has released his Housing Market Digests for August 2017, both for Canada and the Greater Toronto Area. Each report summarizes key trends in the housing market and the economy. CANADA GREATER TORONTO AREA * NOTE: Buttons will download/open PDF files.
Q3 2017 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Canada’s Big 6 banks wrapped up another earnings season with another $10.69 billion in total net profit. Earnings were fuelled by strong mortgage growth for at least several banks, notably CIBC, which saw its mortgage volume shoot up 13% from last year, and RBC, with mortgage balances up 6%. During the shareholder conference calls executives […]
