The stress tests most mortgage applicants in Canada face are defective — but rather than scrapping them, policymakers should make changes.
Month: June 2019
Canadian construction costs are rising, and that has contributed to home price increases as developers build in growing expenses to their pricing models.
The moderation of Canada’s housing market means reduced revenue for the Canada Mortgage and Housing Corporation.
A rush of homeowners are going to renew mortgages next year and when they do, they’ll most likely be faced with higher interest rates than when they signed on last. Will they be able to keep up with payments?
The Bank of Canada isn’t budging on its policy rate, at least at the moment, and that’s good news for borrowers.
According to a Mortgage Professionals Canada study, there was an 8% decline in new home construction investment through the first quarter of 2019 when compared to the average between 2015 and 2017.