Mortgage insurance

Decorative pattern

Industry

Some Canadians would struggle to pay mortgages if rates rise

One in four Canadians say that if interest rates continue to rise, they'd struggle to pay their mortgages

By Staff |February 28, 2018

2 min read

Decorative pattern

Economic Indicators

New mortgage rules push borrowers to alternative lenders

Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20% after Canada’s banking regulator imposed a new stress test for homebuyers who don’t need mortgage insurance. Read: Toronto home sales to slip, prices to climb As a result, alternative lenders are seeing an […]

By Staff, with files from The Canadian Press |February 5, 2018

3 min read

Decorative pattern

Economic Indicators

U.S. new home construction up 3.3%

Construction of new homes increased 3.3% in November, with the gain largely coming from single-family houses being built at the strongest pace in more than a decade. Read: Snapshot: U.S. economic data The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 1.3 million units. […]

By Staff, with files from The Associated Press |December 19, 2017

2 min read

Decorative pattern

Economic Indicators

Mortgage changes make it tougher for first-time buyers: industry group

Homeownership in Canada is at 67.8%, down from 69% in 2011.

By Staff |December 5, 2017

2 min read