CMHC: Mortgage Debt in Canada Surpasses $2 Trillion Amid Economic Headwinds
According to the CMHC’s Residential Mortgage Industry Report, Canada’s residential mortgage debt rose by 6% to $2.08 trillion in January
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Mortgage Loans
Federal Mortgage Rule Change Makes Homebuyers With Good Credit Subsidize Discounts Given To High-Risk Borrowers
A little-noticed change in federal mortgage rules would provide cheaper rates for home purchasers with riskier credit histories while forcing
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OSFI Looks To Tighten Mortgage Underwriting Rules, Opens Public Consultation
The Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation of Guideline B-20 on Residential Mortgage Underwriting
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Romspen Stops Redemptions Altogether As Liquidity Problems Mount
Canadian real estate firm Romspen Investment Corp. has frozen redemptions on its largest fund after a number of borrowers ceased
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Romspen Halting Redemptions May Be Sign Of Investor Drawback On Private Mortgage Lending
One of Canada’s biggest private mortgage lenders recently halted redemptions from its flagship real estate fund, signaling what could be
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OSFI On Easing Mortgage Underwriting Standards: “We Will Not Do That”
Amid the calls to loosen mortgage-underwriting standards in Canada, the Office of the Superintendent of Financial Institutions (OSFI) has resolved
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Chinese Mortgage Owners Are Boycotting Payments, Spelling Collapse For Real Estate Lenders
Chinese homebuyers are refusing to pay their mortgages for the increasing number of unfinished projects, stoking fears that it could
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American Consumers Descend Further into Debt
Consumers across America embarked on unprecedented shopping sprees last year, causing total household debt to jump by $1 trillion— the
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US Mortgage Demand Drops 8.1% In A Week: “Biggest Decline In Almost A Year”
It seems rising mortgage rates are starting to take a toll on demand. Mortgage applications in the US were reported
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Equifax Canada: Surge in HELOC Use Could Become Troublesome Should Interest Rates Increase
Historically low interest rates have caused the demand for home ownership to soar to record levels, as work-from-home flexibility sparked
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