Half of non-homeowners in Canada losing hope of buying property: MPC survey Nearly half of non-homeowners in Canada think they’ll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC).
Co-ownership on the rise: How Canadians are responding to housing affordability challenges more Canadians are now turning to co-ownership as a means to combat housing in-affordability.
Early-stage delinquencies for all credit products are on the rise: Equifax Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.
Early-stage delinquencies for all credit products are on the rise: Equifax Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.
Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest rates.
Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest rates.
OSFI seeks to address “problem” of fixed-payment variable-rate mortgages It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today.
Canadian recession imminent and could last through the first half of 2024: Desjardins Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.
Canadian recession imminent and could last through the first half of 2024: Desjardins Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.
TD reports strong mortgage volumes and stabilizing amortizations Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter.