3/30/2021 | Posted in Mortgages and Real Estate by Terra Realty
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The national mortgage debt balance hit a new record high of $1.65 trillion in Q4 2020, according to data from Statistics Canada. ... More

3/25/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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

3/17/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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

3/16/2021 | Posted in Mortgages and Real Estate by Terra Realty
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If home prices continue shooting up, even in spite of rising rates, some economists say it may force policy action ... More

3/14/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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

3/9/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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

3/3/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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 still ... More

3/1/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

2/25/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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 Terra Realty
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Canadian home buyers may be looking at higher mortgage rates sooner than expected. ... More

2/2/2021 | Posted in Mortgages and Real Estate by Terra Realty
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Lenders "have never seen as many as they have now". ... More

1/27/2021 | Posted in Mortgages and Real Estate by Terra Realty
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High numbers correlate with those most severely hit by unemployment ... More

1/20/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

1/19/2021 | Posted in Mortgages and Real Estate by Terra Realty
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Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

1/12/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

1/5/2021 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

12/20/2020 | Posted in Mortgages and Real Estate by Terra Realty
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It was a significant jump year-on-year ... More

11/24/2020 | Posted in Mortgages and Real Estate by Terra Realty
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Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

10/13/2020 | Posted in Mortgages and Real Estate by Terra Realty
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

10/8/2020 | Posted in Mortgages and Real Estate by Terra Realty
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

9/25/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

9/18/2020 | Posted in Mortgages and Real Estate by Terra Realty
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... More

9/10/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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 Terra Realty
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

8/30/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

8/17/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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. ... More

8/10/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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 after ... More

7/13/2020 | Posted in Mortgages and Real Estate by Terra Realty
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Renewal and refinance activity has spiked since lockdowns were lifted according to a recent report. ... More

6/30/2020 | Posted in Mortgages and Real Estate by Terra Realty
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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 for ... More

6/12/2020 | Posted in Mortgages and Real Estate by Terra Realty
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Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More
