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Canadian confidence is neutral as oil fuels inflation concerns
Canadian confidence is neutral as oil fuels inflation concerns Canadian consumer confidence showed little sign of improvement in late September, as uncertainty over oil prices and a riskier interest rate outlook continued to weigh on households that were already feeling pessimistic.
‘The alt solution is the prime solution’: Alternative borrowers increasingly staying put
‘The alt solution is the prime solution’: Alternative borrowers increasingly staying put Alternative lenders say today’s borrowers are more likely to be self-employed and asset-rich than credit-bruised, with many no longer viewing alt lending as a temporary stop on the way to a major bank.
Equifax overhauls broker credit report, moves to soft inquiry
Equifax overhauls broker credit report, moves to soft inquiry New fraud, income and insolvency indicators aim to help brokers spot problems before lenders do, as the credit bureau warns that assessing borrower risk looks very different from just a few years ago.
More than one in three mortgage holders report financial difficulty
More than one in three mortgage holders report financial difficulty New housing survey data show more homeowners struggling with higher payments, even as recent first-time buyers remain less likely than other owners to be in core housing need.
Ontario, B.C. mortgage stress rises as joint borrowing grows: Equifax
Ontario, B.C. mortgage stress rises as joint borrowing grows: Equifax Mortgage delinquencies remain relatively contained nationally, but Ontario and B.C. continue to show more pronounced stress as first-time buyers increasingly rely on joint mortgages.
Trade war pressures mount on Canada’s mortgage and housing market
Trade war pressures mount on Canada’s mortgage and housing market Tariffs are adding to borrowing and construction costs while raising fresh concerns about employment, credit access and housing demand.
CMHC reports annual pace of housing starts edged lower in August
CMHC reports annual pace of housing starts edged lower in August Canada Mortgage and Housing Corp. reports the annual pace of housing starts for August edged lower compared with July.
Pierre Poilievre brings housing pitch to Ron Butler’s Angry Mortgage Podcast
Pierre Poilievre brings housing pitch to Ron Butler’s Angry Mortgage Podcast The Conservative leader joined mortgage broker Ron Butler for a wide-ranging discussion on housing affordability, development costs and the federal government’s approach to homeownership.
Mortgage borrowing slows to weakest pace since early 2024: StatCan
Mortgage borrowing slows to weakest pace since early 2024: StatCan Household debt burdens eased as income growth outpaced debt payments, but mortgage interest costs continued to climb.
Canada needs up to 4.69 million new homes by 2036, but construction could slow: CMHC
Canada needs up to 4.69 million new homes by 2036, but construction could slow: CMHC The federal housing agency says Canada narrowly chipped away at its supply gap over the past year, but the country still needs up to nearly 4.7 million new homes over the next decade to restore pre-pandemic affordability by 2036.