9/15/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

From rising inflation and falling consumer confidence to changing real estate preferences, Canada’s mortgage market could be impacted on multiple fronts. ... More

Top Risks and Trends in Canada's Mortgage Market

  8/31/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

A new report shows that Q2 volumes were the highest ever recorded in a single quarter ... More

Canadian mortgage volumes hit record high

  8/20/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Among the factors that are likely to impact the Canadian mortgage market between now and the end of the year, one of the most significant could be immigration. ... More

How new immigrants could help shape the Canadian mortgage market

  8/20/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Canadians are piling into mortgages at more than double the historical pace as the housing market appears to moderate after a pandemic boom. ... More

Mortgage debt is rising at its fastest pace in Canada since 2007

  6/27/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. ... More

Low Rates Helping Borrowers Pay Off Mortgages at Record Pace

  6/8/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

A surge in mortgage borrowing is pushing consumer debt loads higher in Canada despite falling credit card use, as households plow more money into their homes while spending less ... More

Mortgage surge pushes Canada consumer debt to $2.1 trillion

  5/19/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

The Bank of Canada may have to adjust its view of its long-term neutral policy rate once a torrent of pent-up household savings is unleashed once pandemic restrictions are eased ... More

Torrent of pent-up spending could force BoC to reconsider neutral rate: CIBC

  4/19/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

The pace of mortgage borrowing continued to slow in February, according to data from Statistics Canada. ... More

Mortgage growth eases in February: StatsCan

  3/30/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

Mortgage debt balance reaches new highs

  3/25/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

Equifax on how many Canadians lie on their mortgage applications

  3/17/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada. ... More

Insured mortgages at non-bank lenders showing higher arrears rate

  3/16/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

If home prices continue shooting up, even in spite of rising rates, some economists say it may force policy action ... More

Rising mortgage rates yet to put a dent in exuberant housing market as policymakers take note

  3/14/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Canadian households piled up a record amount of mortgage debt for the second quarter in a row amid low interest rates and high housing prices, Statistics Canada said Friday. ... More

Canadian households add record mortgage debt in Q4: StatCan

  3/9/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data from TransUnion. ... More

Mortgages Lead Credit Growth as Delinquency Rates Decline

  3/3/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Canadian mortgage rates are beginning to inch higher for the first time since before the COVID-19 crisis, reflecting the spike in long-term bond yields, but with home loans still ... More

Canada's mortgage rates edging higher in first rise since before COVID-19 crisis

  3/1/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

CIBC Deputy Chief Economist Benjamin Tal said many Canadians aren’t prepared for a shock to their mortgage rates as a result of volatility in the bond market. ... More

Housing market 'not ready' for spike in mortgage rates

  2/25/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

  2/23/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More

Canadian Mortgage Rates Most Likely To Climb, Despite Low Overnight Rate

  2/2/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Lenders "have never seen as many as they have now". ... More

Million-dollar mortgages now common in GTA

  1/27/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

High numbers correlate with those most severely hit by unemployment ... More

CMHC reveals which workers have highest share of mortgage deferrals

  1/20/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

Canadians piling on mortgage debt as hot housing market continues

  1/19/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

Private-sector mortgage insurers say they're gaining market share in wake of CMHC tightening rules

  1/12/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation. ... More

Which demographic has the highest mortgage delinquency rate in Canada?

  1/5/2021 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

Time to lock in? The outlook for mortgages in 2021

  11/24/2020 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

Mortgage interest costs continued to fall in October

  10/13/2020 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

One in five deferred mortgages likely to go into default: RBC

  10/8/2020 | Posted in Mortgages and Real Estate by Catherine Methven
  SHARE

As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

Pace of Canadian mortgage credit growth is slowing

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.

Security Question: 5 + 2 =