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Month: September 2020

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Pandemic Has Increased Homebuying Intentions Among Young Canadians

September 29, 2020 reddeerabmortgage 0

There may be uncertainty on the horizon for the country’s real estate market, but young Canadians are undeterred and remain optimistic about the prospect of […]

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National Housing Market Shows Signs of “Moderate” Vulnerability, CMHC Says

September 24, 2020 reddeerabmortgage 0

At the national level, Canada’s housing market showed “moderate evidence of overvaluation” in the second quarter, according to the Canada Mortgage and Housing Corporation. “The […]

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Latest in Mortgage News: CMHC to Get New Name, Maybe “Housing Canada”

September 22, 2020 reddeerabmortgage 0

What’s in a name? Well, in the case of the Canada Housing and Mortgage Corporation, “mortgage” likely won’t for much longer. The housing agency announced […]

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Equifax Rolls Out Changes to its Mortgage Inquiry Process

September 21, 2020 reddeerabmortgage 0

Equifax Canada has implemented changes to its mortgage inquiry process to enhance the protection of consumer information. The changes, which were first announced to the […]

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Housing Market Soars Above Pre-Pandemic Levels. But Will it Last?

September 16, 2020 reddeerabmortgage 0

The unlikely rebound of Canada’s real estate market continues, with home sales surging to 20% higher than pre-pandemic levels. Home sales in August were up […]

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Big Banks Still Dominate Mortgage Market Share, Says CMHC

September 14, 2020 reddeerabmortgage 0

Big banks originate nearly 7 out of 10 (67%) of new Canadian mortgages, although their market share has fallen slightly from last year, according to […]

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Resetting the MPC Foundation within a Resetting Nation

September 10, 2020 reddeerabmortgage 0

In early 2019, the board of the MPC Foundation began envisioning ways in which the foundation could evolve to make a more meaningful impact on […]

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Bank of Canada Reaffirms Its Low-Rate Outlook

September 10, 2020 reddeerabmortgage 0

Despite a booming housing market and rapid job recuperation, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy […]

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Q3 2020 Bank Earnings – An Update on Big Bank Deferrals

September 10, 2020 reddeerabmortgage 0

The country’s Big Six banks provided an update on the state of their mortgage deferrals, with each reporting varying results in terms of getting those […]

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Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals

September 1, 2020 reddeerabmortgage 0

OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic conditions. The changes are effective […]

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