Reports Archives - Page 3 of 25 - Mortgage Rates & Mortgage Broker News in Canada

Mortgage Borrowing Set a New Record in 2021

March 14, 2022 No Comments

The amount of mortgage debt taken on by Canadians set a fresh record in 2021, eclipsing the previous record set the year before.

Is the Real Estate Frenzy Finally Slowing Down? Signs are Emerging.

March 7, 2022 No Comments

There are signs cropping up that the intense level of housing imbalance seen throughout the pandemic may finally be reaching a turning point.

Rising Interest Rates Further Erode Housing Affordability

March 2, 2022 No Comments

Housing affordability has deteriorated in the country’s largest urban markets for the fourth consecutive quarter.

Four in 10 Parents Helped with Their Child’s Home Purchase: OREA

February 22, 2022 1 Comment

It’s no secret that the only way many young homebuyers in major cities are able to afford their purchase is with help from their parents.

Flooding Causes Short-term Dip in House Prices, Longer Selling Times

February 16, 2022 No Comments

Flooding is not only a hassle to clean up, but there’s now hard data showing that it has a short-term impact on home prices.

Canadian mortgage origination growth in the third quarter

Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC

January 26, 2022 1 Comment

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage

Mortgage originations above pre-pandemic levels

Mortgage Originations Up 45% from Pre-Pandemic Levels: TransUnion

December 21, 2021 No Comments

Mortgages continued to lead all forms of credit growth as of the second quarter, rising over 45% compared to pre-pandemic levels, new data shows.

Time needed to save for down payment growing

Housing Affordability Worsens, Time Needed to Save for a Down Payment Increases

November 10, 2021 No Comments

Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter.

House Price Growth Has “Hit a Ceiling,” Says Moody’s

November 2, 2021 No Comments

Canada’s housing market is showing signs of “returning to earth,” with slower price growth expected for much of 2022.

Parents helping kids with mortgage down payments

Parents to the Rescue: Average Size of Gifted Down Payments Rises to $82,000

October 25, 2021 No Comments

As home prices have risen sharply in recent years, so too has the amount of down payment assistance parents are willing to give their kids.

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