Dominion Lending Centres continued its growth trajectory this month with several new announcements. Earlier this month, Founders Advantage—which bought a controlling share of DLC in […]
As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position […]
The average home price in Canada surpassed $600,000 for the first time ever in September and home sales jumped nearly 46% compared to a year […]
On Tuesday, CMHC President and CEO Evan Siddall joined MPC President and CEO Paul Taylor for what was billed as their final public conversation before […]
The fall was supposed to herald in a period of more subdued housing activity and home price growth. But preliminary September data for the Greater […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and a sharp rise in mortgage defaults this fall, data […]
First-time homebuyers are often on a tight budget, where every dollar is carefully accounted for. Yet, many report confusion when told how much money to […]
The last 24 hours has been significant for the Trudeau Government. The SNC Lavalin and WE Charity issues are primarily political liabilities, but the departure […]
Continuing the upward trend that started in June, home sales bounced back to pre-COVID levels in July, soaring 30.5% year-over-year. Home prices, too, set a […]
It’s so hard to have a calm, intelligent debate about mortgage policy in Canada. And there’s a reason for it. Despite over a decade of […]
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