3/3/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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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 ... More
3/1/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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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.
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2/25/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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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
2/23/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Canadian home buyers may be looking at higher mortgage rates sooner than expected.
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2/2/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Lenders "have never seen as many as they have now".
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1/27/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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High numbers correlate with those most severely hit by unemployment
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1/20/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan.
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1/19/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer.
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1/12/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation.
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1/5/2021 | Posted in Mortgages and Real Estate by Anabela Serra
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For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead.
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12/20/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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It was a significant jump year-on-year
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11/24/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada.
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10/13/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.
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10/8/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth.
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9/25/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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.
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9/18/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.
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9/10/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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
9/9/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion
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8/30/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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.
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8/17/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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.
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8/10/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 ... More
7/13/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report.
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6/30/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 ... More
6/12/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1.
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5/12/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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The coronavirus has plunged market activity into a deep freeze
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4/17/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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
4/4/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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 ... More
3/26/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Canada beefs up liquidity plan with expanded mortgage guarantee
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3/5/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.
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2/27/2020 | Posted in Mortgages and Real Estate by Anabela Serra
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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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