10/13/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

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  10/8/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

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  9/25/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More

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  9/18/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... More

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  9/10/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

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  9/9/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

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  8/30/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion. ... More

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  8/17/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post. ... More

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  8/10/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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While shrinking mortgage delinquencies during the first quarter have set the stage for even lower Q2 readings, analysts warned that a significant increase might take place after ... More

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  7/13/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

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  6/30/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

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  6/12/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

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  5/12/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The coronavirus has plunged market activity into a deep freeze ... More

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  4/17/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

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  4/4/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

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  3/26/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada beefs up liquidity plan with expanded mortgage guarantee ... More

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  3/5/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. ... More

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  2/27/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The proposed change to the federal mortgage guidelines that would reduce the stress test requirement for borrowers could adversely affect the credit risk of Canada’s big ... More

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  2/19/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The Office of the Superintendent of Financial Institutions (OSFI) has announced that it is considering a new benchmark rate to determine the minimum qualifying rate for uninsured ... More

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  2/18/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Ottawa changing stress test rate for insured mortgages starting April 6. ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The Bank of Canada held interest rates steady but expressed heightened concern about a slowing economy. ... More

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  1/22/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The current lending rules in Canada are geared towards shorter-mortgage terms ... More

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  1/17/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

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  1/8/2020 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Royal Bank of Canada chief executive Dave McKay told a banking conference on Tuesday that the mortgage stress test has “generally been good ... More

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  10/10/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada’s outstanding mortgage credit load continues breaking records, reaching a new high of more than $1.59 trillion as of August, according to the country’s central ... More

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  9/25/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Employment figures had a major influence on the market's dynamics. ... More

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  9/19/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Great News for Canadians waiting for lower rates as the effects of shrinking global economy to hit Canada as well. ... More

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  9/16/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Some millennials believe it is justifiable to lie on a mortgage application, according to a new Equifax Canada survey on mortgage fraud. ... More

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  9/6/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests. ... More

Real Estate & Mortgage News

  8/10/2019 | Posted in Mortgages and Real Estate by Boris Guerdjikov
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The recent slowdown in Canada’s hottest housing markets is turning a corner and a potential new price boom is threatening to frustrate would-be buyers’ hopes. ... More

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