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Mortgage Broker News | 30 Aug 2013, 12:00 AM Agree 0
As Canadian arrears rates drop, is it time for the government to back off? Not necessarily, says one leading broker.
  • @kiltedbroker | 30 Aug 2013, 09:26 AM Agree 0
    Calum Ross nails it here. The End.
  • Paolo Di Petta | dipettamortgage.com | 30 Aug 2013, 10:29 AM Agree 0
    We should also take note that blended HELOC-Mortgage products have increased in popularity over the past few years. It's no wonder that arrears and deliquencies are "down" - it's almost effortless to borrow a payment if you have the room and then use that payment to stay "current".

    This is the sort of thing that "isn't a problem" until it's too late.

    Without having access to everyone's banking data, it's impossible to know for sure, but I remember reading this week that the average mortgage size is still increasing.

    I suspect we'll be hearing a lot more about this soon.
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