Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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How to prepare for a 2023 recession + MORE Nov 19th
The Great Recession scarred me. I was just about to graduate from university in 2008 when it hit: The fallout from the subprime mortgage crisis created a deluge of fear, anxiety and pure panic from all corners. The S&P 500 plunged by 57%, U.S. gross domestic product (GDP) declined by 3.8% and em.... More »
Equitable Bank’s mortgage arrears rate triples amid surge in renewals + MORE Mar 13th
Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates..... More »
What is a private mortgage and when does it make sense? Sep 1st
For those having trouble qualifying for a traditional mortgage, other solutions are still available, one of which is a private mortgage. And with increasingly stricter mortgage regulations and qualification requirements being introduced by the government, they’re growing in popularity. Private.... More »
Rising household debt could be drag on long-term growth: federal document + MORE Aug 26th
Even debt-free Canadians could eventually feel a pinch from someone else's maxed-out credit cards, suggests research presented to senior officials at Canada Mortgage and Housing Corp..... More »
Mortgage Lenders Provide COVID-19 Update – Part 2 + MORE Apr 16th
In a recent series of panel discussions put on by Mortgage Professionals Canada, a cross-section of some of the country’s top lenders and insurers provided updates on how the COVID-19 pandemic has impacted operations and shaped their outlook. Similar to the previous sessions, the overwhelming mess.... More »
Stated Income Simply Stated
– canadianmortgagetrends.com
By Magenta Mortgage Investment Corporation, Sponsored Post Self-employment has been trending upwards in Canada in recent years. In its 2015 Spring Survey, CAAMP estimated that five per cent of home buyers worked for themselves. And it’s no wonder that the ranks of self-employed workers are growing. Apart from involuntary reasons like job dislocation, many choose self-employment for the lifestyle benefits, like making your own schedule, being able to work from home and deducting day-to-day expenses such as fuel, utilities, telecommunication and networking costs. That last point is a big one. It can be highly advantageous to earn, say, $100k per READ MORE
Broker Market Share – Q2 2015
– canadianmortgagetrends.com
Mortgage brokers are becoming all the more important as a distribution channel for lenders. Witness these second-quarter numbers from D+H, for instance: Overall broker submissions rocketed up 23.8% year-over-year Submission volumes in Ontario exploded to roughly $26 billion from ~$21 billion in Q2 2014. That Ontario showing is by far the highest in our records (our records of D+H data go back to 2009). B.C., Alberta and Quebec also saw substantial increases. With numbers like this, we’ll be eagerly awaiting CAAMP’s State of the Residential Mortgage Market report this fall, which could show a new record for broker market penetration. Here’s a look at the reported READ MORE
TORONTO — Five things to watch in Canadian business this week:
Hot housing: The Canadian Real Estate Association is out with the resale housing statistics for August on Tuesday in yet another snapshot of the state of Canada’s housing market. Vancouver and Toronto house sales and prices have been on fire for months as Canadians take on more mortgage debt.
Canada as onscreen powerhouse: Valerie Creighton, president and CEO of the Canada Media Fund, appears at the Economic Club of Canada in Ottawa on Wednesday to argue that Canada is a mover and shaker in on-screen content. Creighton has said the CMF is focused on ensuring the Canadian content industry continues to have the resources and the ability to compete internationally.
Leaders showdown: The health of the Canadian economy is the focus of the second national leaders’ debate on Thursday in Calgary. Stephen Harper, Justin Trudeau and Tom Mulcair will face questions on their plans on everything from energy and housing to taxation and jobs; Green party leader Elizabeth May wasn’t invited…
Hot housing: The Canadian Real Estate Association is out with the resale housing statistics for August on Tuesday in yet another snapshot of the state of Canada’s housing market. Vancouver and Toronto house sales and prices have been on fire for months as Canadians take on more mortgage debt.
Canada as onscreen powerhouse: Valerie Creighton, president and CEO of the Canada Media Fund, appears at the Economic Club of Canada in Ottawa on Wednesday to argue that Canada is a mover and shaker in on-screen content. Creighton has said the CMF is focused on ensuring the Canadian content industry continues to have the resources and the ability to compete internationally.
Leaders showdown: The health of the Canadian economy is the focus of the second national leaders’ debate on Thursday in Calgary. Stephen Harper, Justin Trudeau and Tom Mulcair will face questions on their plans on everything from energy and housing to taxation and jobs; Green party leader Elizabeth May wasn’t invited…
