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
Read moreAccording to the CMHC’s Residential Mortgage Industry Report, Canada’s residential mortgage debt rose by 6% to $2.08 trillion in January
Read moreA little-noticed change in federal mortgage rules would provide cheaper rates for home purchasers with riskier credit histories while forcing
Read moreThe Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation of Guideline B-20 on Residential Mortgage Underwriting
Read moreCanadian real estate firm Romspen Investment Corp. has frozen redemptions on its largest fund after a number of borrowers ceased
Read moreOne of Canada’s biggest private mortgage lenders recently halted redemptions from its flagship real estate fund, signaling what could be
Read moreAmid the calls to loosen mortgage-underwriting standards in Canada, the Office of the Superintendent of Financial Institutions (OSFI) has resolved
Read moreChinese homebuyers are refusing to pay their mortgages for the increasing number of unfinished projects, stoking fears that it could
Read moreConsumers across America embarked on unprecedented shopping sprees last year, causing total household debt to jump by $1 trillion— the
Read moreIt seems rising mortgage rates are starting to take a toll on demand. Mortgage applications in the US were reported
Read moreHistorically 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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