U.S. existing-home sales rose to eight-month high in October + MORE Nov 21st
Mortgage Digest: Bond yield spike drives latest fixed mortgage rate hikes of up to 30 bps + MORE Mar 22nd
Enforcement against mortgage professionals jumps as FSRA flexes new powers Apr 3rd
Mortgage rule changes are expanding insured market activity, insurers say Mar 4th
Sagen sees earnings dip, offset by stronger mortgage insurance growth + MORE Nov 9th
Can I use cryptocurrency to buy a home in Canada?
– canadianmortgagetrends.com
From tax implications to AML compliance, here’s what borrowers need to know before turning digital wealth into a mortgage.Fixed or variable? Mortgage rate tug-of-war complicates the decision for Canadians
– canadianmortgagetrends.com
Borrowers are caught in a mortgage rate market that changes by the week, with little sign of stability ahead.CMHC reports annual pace of housing starts in July up 4% from June
– canadianmortgagetrends.com
Canada Mortgage and Housing Corp. says the annual pace of housing starts in July rose four per cent compared with June.1.4 million Canadians missed a credit payment in second quarter
– moneysense.ca
It shows 1.4 million Canadians missed a credit payment in the second quarter. While that’s up by 118,000 compared with the same time last year, it’s down slightly from the first quarter.
Rebecca Oakes, vice-president of advanced analytics at Equifax Canada, said it’s “a bit of good news” to see the delinquency rate levelling off. “We’re starting to finally see that stabilize a little bit,” she said in an interview.
“The less good news, though, is that below that high level number, we’re still seeing this financial gap widening for some groups of consumers,” she added, particularly between home owners and non-home-owners.
Widening gap between home owners and non-home-owners
About one in 19 Canadians without a mortgage missed at least one credit payment, compared with one in 37 home owners, the report said.
Total consumer debt rose 3…
