Mortgages
Economy
Where Every Big Bank Stands On Tomorrow’s Interest Rate Announcement
Economists with Canada’s ‘Big Five’ banks are unanimously calling for an interest rate cut tomorrow, but there is some diversity in views when it comes to the announcements to follow.
Sep 03, 2024
Mortgages
Worried About Higher Mortgage Payments? A HESA Can Help
With The Home Equity Partners’ recent introduction of the Home Equity Sharing Agreement (HESA) to the GTA, potentially distressed borrowers have a new solution — one that sidesteps many pitfalls.
Mortgages
Mortgages In "Severe Delinquency" Have Surged 67% In Ontario
A report from Equifax Canada found that cost of living and rising unemployment have led delinquencies to surge in the province, though nationally, rates remain below pre-pandemic levels.
Mortgages
Housing Affordability Has Improved In 80% Of Major Markets. So Why Doesn’t It Feel Like It?
Despite recent data demonstrating 'continued improvement’ in Canadian housing affordability, anyone experiencing said market in real-time can attest that it doesn't actually feel that way.
Spotlight Unveils New Executive Talent And Affordable Indigenous Housing Partnership
New appointments are set to strengthen the company from the inside, propelling its premium return multi-residential housing developments to new heights.
Mortgages
Mortgage Arrears Still Sitting Pretty In Canada — But Perhaps Not For Long
Mortgage loans in arrears remain below pre-pandemic levels, and represent the only loan product type to see a decrease between the first quarter of 2019 and the third quarter of 2023.
Mortgages
There Is Three Times As Much Money In Uninsured Mortgages Than Insured In Canada, Here’s Why
The landscape of mortgage lending in Canada started to take a turn years before the Bank of Canada began to dial up the heat on interest rates. The culprit: home prices.
Industry
Richmond Hill Mortgage Lender Placed In Receivership Amid $10M Debt, Claims Of Fraud
In early-August, the private mortgage lender Equityline SPV came under receivership after failing to repay over $10M in loans to Equitable Bank.
Mortgages
Canada's New 30-Year Mortgage Amortizations Will Help Very Few, Experts Warn
Critics say the new 30-year mortgage amortizations are too restrictive to have a notable impact in Canada’s pricier cities.
Condos
Most Toronto Condo Investors Are Cash Flow Negative
Data from Urbanation and CIBC highlights the fact that the GTA is “facing the most significant test since the 1991 recession,” and condo investors are feeling it hard.
Real Estate News
June's Inflation Drop "Sets The Table" For July Rate Cut: RBC
After an unexpected upswing in May that left economists unsure about the likelihood of a July cut, headline CPI fell back down to 2.7% from 2.9% in June.
Economy
“More Likely Than Not”: CIBC Sticks To July Interest Rate Cut Prediction
May’s inflation uptick has had some experts faltering on their previously-held belief that the central bank will cut rates again this month — however, CIBC’s Avery Shenfeld is not in that camp.
Mortgages
“I'm 50/50 At This Point”: Is Another Interest Rate Cut Coming In July?
We spoke to experts from across the industry, including the Chief Economist at BMO, the Chief Market Analyst at TRREB , and the owner of a leading mortgage brokerage to get their forecasts for the July 24 announcement.
Mortgages
Ontario Mortgages In "Severe Delinquency" Top $1B Total For First Time Ever
In Ontario, the total mortgage balance reaching severe delinquency exceeded $1B for the first time.
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