Mortgage activity slows as Canadians fall deeper into debt
Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.
71% of first-time buyers use their own savings for a down payment
The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey, announcing some not-so-shocking statistics about first-time buyers. The survey was completed by 3,002 mortgage consumers that participated in
CMHC increasing mortgage insurance premiums
The Canada Mortgage and Housing Corporation (CMHC) just announced that it is increasing its mortgage loan insurance premiums, effective March 17, 2017. Don’t worry, it shouldn’t affect your ability to afford a home. Mortgage loan insurance is necessary
Mortgage Payments
Mortgage payments consist of a principal and interest payment.
Will mortgage rates creep up this year?
Once again, the latest report from Trimart Research Corporation draws attention to the supply and demand issue across the Total Market Area (TMA). The supply shortage no longer applies to only the Greater Toronto Area (GTA); the demand spillover has
Do We Need More Changes to the Mortgage Rules?
The Financial Post last month reported that our representatives in Ottawa were considering increasing the amount of down payment required to obtain a mortgage, citing sources that claimed further measures to cool the house market, including restrictions
INFOGRAPHIC: A Look at The Canadian Mortgage Market
There's no doubt that a healthy mortgage market fuels many different aspects of our economy. It creates jobs, stability within the real estate industry, and overall, allows people to feel more secure with their investments.With that in mind, our friends
Things you need to secure a mortgage
Starting January 1, 2018, all uninsured mortgages will have to undergo a stress test, meaning you need to be approved at 2% higher than your agreed upon rate. This news has many people scrambling to secure a mortgage before the end of the year,
Millennials more likely to fib on their mortgage application
Would you ever fib on a mortgage application? Have you ever? Findings from a new Equifax survey suggests that Canadian millennials are more willing to do so than the general population.
