Brokers see uptick in house purchases
Climbing resale housing activity is the result of consumers trying getting a jump on mortgage rule changes being implemented by the federal government in March.
CMHC takes on its critics
In a rare move, Canada Mortgage and Housing Corporation responded directly to recent criticism about its role in Canada’s mortgage system.
BC, Alberta, Sask and Ontario most vulnerable to mortgage rate increases
Households in British Columbia, Alberta, Saskatchewan and Ontario are most vulnerable to interest rate increases or another economic slump, according to a new TD Economics’ Household Financial Vulnerability Index.
CREA: housing drop will be less severe
The Canadian Real Estate Association (CREA) has revised its 2011 forecast, following a stronger-than-expected rebound in sales during the second half of 2010.
Tight inventory levels grew house prices for last decade
Tight inventory levels enabled the last decade to be one of the healthiest for Canadian real estate, which will help maintain stability within the major centres for 2011, according to Re/Max.
Rising interest rates could trigger housing market collapse
Rising interest rates later this year could trigger Canada’s housing market to collapse, according to a new report by Capital Economics.
CMHC responds to the C.D. Howe Institute’s calls for more private insurers
The Canada Mortgage and Housing Corporation (CMHC) rebuked the C.D. Howe Institute’s claims this week that the government should scale back its role in the mortgage industry due to growing risk.
Slower mortgage and personal lending growth predicted
Mortgages and personal lending is predicted to grow from three to five per cent over the next two years among the big Canadian banks, RBC Capital Markets analysts Geoffrey Kwan and Andre-Philippe Hardy wrote in a Jan. 17 note.
Effects of interest rate hike may be overestimated
The aim of recent warnings from government and bank officials about the rising level of household debt was to prepare Canadian consumers for the inevitable rise of interest rates at some point in 2011. The effects of higher interest rates should not be overestimated however.
Are U.S. brokers giving Canadian brokers a bad name?
Canada’s mortgage brokers are voicing concerns that negative press in the United States is hurting their business, and their reputations.