No reason to allow appeal to proceed, B.C. appeal court finds
The agency is increasing the gross and total debt service ratios for borrowers
The agency warns of impending mortgage arrears due to Covid-19
The move is designed to provide stable funding to banks and mortgage lenders
Nearly two-thirds of residential mortgages that were over 90 days in arrears in the first quarter were uninsured
Deal expected to close by end of year
Total value of mortgages held by non-bank lenders was $325.5 billion in Q4
Luxury homes sales in the Greater Toronto Area (GTA), Oakville and Hamilton-Burlington have fallen short of last year's record-breaking pace.
Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35% year-over-year in February, as selling prices dropped.
One in four Canadians say that if interest rates continue to rise, they'd struggle to pay their mortgages