Are mortgage borrowers a risk to Canadian housing market?

2/3/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

An analysis of homeowners' loan-to-value ratios reveals resilient position despite challenges. ... More

Tags: Canadian Debt, Canadian Housing Market, Home Owners, Mortgage Consumers, Mortgage Delinquency

OSFI proposes new mortgage restrictions

1/13/2023 | Posted in Mortgage News by Jessi Sandhu

Canada's banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period. ... More

Tags: Canadian Mortgage Market, First Time Home Buyers, Home Buyers, Mortgage Consumers, Mortgage Delinquency, Mortgage Industry, Mortgage Lenders, Mortgage Market, Mortgage Refinancing, Mortgage Trends, OSFI, Real Estate Investors

Canada braces for higher mortgage defaults

4/21/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Tags: Canada Living, Canada Real Estate, Canadian Households, Canadian Housing Market, Consumer Spending, Household Debt, Mortgage Consumers, Mortgage Delinquency

Mortgage market suffers 'extended chill' says Equifax

6/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities. ... More

Tags: Fixed Rate Mortgages, Home Buyers, Mortgage Consumers, Mortgage Delinquency, Mortgage Industry, Mortgage Market, Mortgage Rates Canada, Mortgage Refinancing, Mortgage Renewals, Mortgage Trends, Mortgages & Real Estate, NonMortgage Debt, Reverse Mortgages, Second Mortgages, Stress Test, Uninsured Mortgages, Variable Rate Mortgages

Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, Home Buyers, Housing Affordability, Mortgage Consumers, Mortgage Delinquency, Mortgage Trends, Mortgages & Real Estate, OSFI, Stress Test

Delinquency rates hold steady even as credit market grows

5/23/2019 | Posted in Financial Health by Jessi Sandhu

The Canadian credit market has grown but it appears that consumers are generally managing their debt well. ... More

Tags: Canadian Credit Market, Household Debt, Interest Rates, Mortgage Consumers, Mortgage Delinquency, NonMortgage Debt

Mortgage delinquencies on the rise

3/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

More Canadians are running into serious issues with their mortgage payments according to a new report. ... More

Tags: Bankruptcy, Household Debt, Mortgage Consumers, Mortgage Delinquency, Mortgage Rates Canada, Mortgages & Real Estate, NonMortgage Debt

Rate hikes will push Canadian delinquencies higher

10/21/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting ... More

Tags: Mortgage Delinquency, Mortgages & Real Estate

8 in 10 mortgage holders have high credit scores

10/2/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu

Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation. ... More

Tags: Canada Mortgage and Housing Corporation, CMHC, Mortgage Consumers, Mortgage Delinquency, Mortgage Trends, Mortgages & Real Estate