Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Enforcement against mortgage professionals jumps as FSRA flexes new powers Apr 3rd
With higher fine limits now in place, regulators say recent penalties may only reflect the early stages of a stricter regime.... More »
Latest in Mortgage News: Housing Affordability Back on the Decline + MORE Aug 15th
Following improvements in 2020, housing affordability worsened in the second quarter of this year by its widest margin in 27 years. The main culprit was rising home prices, according to National Bank of Canada’s latest Housing Affordability report. “Income growth and lower interest rates.... More »
Brokers react to the government’s “nonsense” mortgage charter + MORE Dec 1st
The Liberal government last week unveiled a "new" Canadian Mortgage Charter aimed at ensuring lenders offer relief to mortgage borrowers who are struggling to make their payments..... More »
TD Bank sees mortgage volumes rise 7% in Q2, gains market share May 27th
Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter..... More »
Top Risks and Trends in Canada’s Mortgage Market Sep 14th
From rising inflation and falling consumer confidence to changing real estate preferences, Canada’s mortgage market impacts from multiple fronts. Ben Rabidoux, a real estate analyst and founder of Edge Realty Analytics, recently participated in a webinar hosted by Mortgage Professionals Canada.... More »
Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October
– canadianmortgagetrends.com
The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%, respectfully, compared to a year ago. The high demand is continuing to put pressure on prices as well. The average selling price for all home types in Toronto rose 13.7% to $968,318, according to the Toronto Regional Real Estate Board (TRREB). However, there was a divergence between market segments, with detached home prices rising 14.8% […]
