11/4/2024 | Posted in Mortgages and Real Estate by Joan Beal
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Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
3/5/2024 | Posted in Financial Health by Joan Beal
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Equifax Canada says consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023.
... More 10/7/2023 | Posted in Mortgages and Real Estate by Joan Beal
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Upcoming mortgage renewals at high interest rate levels will potentially drive the Canadian economy into a more severe downturn than anticipated.
... More 4/21/2020 | Posted in Canadian Economy and Housing Market by Joan Beal
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Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More
6/17/2019 | Posted in Mortgages and Real Estate by Joan Beal
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The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.
... More 6/11/2019 | Posted in Mortgages and Real Estate by Joan Beal
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.
... More 5/23/2019 | Posted in Financial Health by Joan Beal
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The Canadian credit market has grown but it appears that consumers are generally managing their debt well.
... More 3/6/2019 | Posted in Mortgages and Real Estate by Joan Beal
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More Canadians are running into serious issues with their mortgage payments according to a new report.
... More 10/21/2018 | Posted in Mortgages and Real Estate by Joan Beal
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A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting ... More
10/2/2017 | Posted in Mortgages and Real Estate by Joan Beal
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Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.
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