Despite a global pandemic that ravaged the Canadian economy early in the year, the housing market came back with a roar and ended the year by shattering records in December.
The average home sale price in the month rose to $607,280, up 17.1% comp…
When 2020 came to an end, so too did the vast majority of mortgage deferral programs offered by the Big 6 banks and other Canadian lenders.
And, despite forecasts from early last year that arrears could skyrocket as a result of the pandemic, all …
Now that the page has finally been turned on 2020, we wanted to take a look back at how mortgage rates fared over the course of what was a tumultuous year.
It’s safe to say that COVID-19 stole the show in terms of the year’s biggest newsmaker. On…
Canada’s average home price remained at a historical high in November as housing inventory remains at historical lows.
The average sale price in the month was $603,000, 13.8% from a year earlier, according to data released by the Canadian Real Es…
First-time homebuyers in three of Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI).
The government’s recent Fall Economic Statement included changes that will ease el…
It’s a refrain Mortgage Broker News readers will be all too familiar with: “Why isn’t my credit score better? I pay my rent every month. How can that not matter?”
Payment Shock is a nasty surprise that many people are not prepared for, simply because no one is telling them about it.
Make sure you’re working with an experienced professional mortgage planner. The largest financial transaction of your life is far too important to place into the hands of someone who isn’t capable of advising you properly and troubleshooting the issues that may arise along the way.
The average home price in Canada continued to trend higher in October as housing supply fell to a fresh record low.
The Canadian Real Estate Association reported the average sale price at $607,250 for the month, an increase of 15.2% from a year e…
The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business.
They were faced…
First-time homebuyers in three of Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI).
The government’s recent Fall Economic Statement included changes that will ease el…
The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around.
Equitable Bank had its best-ever third quarter, while First National had its own record quarter….
There’s been a number of big mortgage industry announcements in recent weeks, ranging from reverse mortgage offerings to a new broker tech partnership and a key appointment at one of the country’s top brokerages.
Here’s a look at each…
Equitable…
The average home price in Canada continued to trend higher in October as housing supply fell to a fresh record low.
The Canadian Real Estate Association reported the average sale price at $607,250 for the month, an increase of 15.2% from a year e…
Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials.
Following the announcement on Monday, the all-important 5-year bond yield is now hovering around 0.50% for the…