Red Deer Mortgage Brokers | RDML: Mortgage Lending Professionals

  • Home
  • Mortgage Blog

Mortgage Blog

Latest in Mortgage News: Toronto and Vancouver Home Sales Surge in September

October 7, 2020 reddeerabmortgage 0

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

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 […]

No Image

Q2 Lender Earnings: Mortgage Deferral Situation Easing

August 25, 2020 reddeerabmortgage 0

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 […]

No Image

Don’t Let These Unexpected Closing Costs Catch You Off Guard

August 21, 2020 reddeerabmortgage 0

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 […]

No Image

Opinion: The Path Forward under Minister of Finance Chrystia Freeland

August 18, 2020 reddeerabmortgage 0

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 […]

No Image

Home Prices Set New Record High, Sales Surpass Pre-COVID Levels

August 18, 2020 reddeerabmortgage 0

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 […]

No Image

Opinion: CMHC and Risk – Perspective vs. Spin

August 14, 2020 reddeerabmortgage 0

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 […]

No Image

CMHC’s Siddall Calls on Lenders & Default Insurers to Tighten Lending

August 13, 2020 reddeerabmortgage 0

Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards for […]

No Image

Stress Test Rate to Fall to 4.79%

August 11, 2020 reddeerabmortgage 0

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year […]

No Image

COVID-19 Stokes Canadian Homebuying Intentions: MPC Report

August 10, 2020 reddeerabmortgage 0

The global pandemic may have brought the Canadian real estate sector to a near standstill this spring, but over the longer term it appears to […]

No Image

Latest in Mortgage News: Toronto Home Prices Set July Record

August 7, 2020 reddeerabmortgage 0

The rebound for Toronto home prices continued in July, with the average selling price reaching a record $943,710. That’s a 16.9% increase compared to a […]

Posts navigation

« 1 2 3 … 7 »

Sidebar

Please navigate to Appearance → Widgets in your WordPress dashboard and add some widgets into the Sidebar widget area.

Copyright © 2021 | WordPress Theme by MH Themes