Teranet news

  • Daily Market Update

    Three of Canada’s biggest financial institutions have released reports; the Bank of Montreal predicts a housing market slump in the next 5 years… the Bank of Canada says any crash would be devastating for the whole economy and the Teranet- National reports price rises in May….

  • Mortgage and real estate debrief

    There’s more evidence of an east-west divide in home prices as one city registers a double-figure hike year on year while others see a drop. A former shoe shop in Halifax is about to get a new spring in its step, and why one Canadian export is juggling with an overseas housing bubble.

  • Insurer signs long-term deal with Teranet

    One of Canada’s providers of mortgage default insurance announced Thursday it has signed a long-term agreement that will integrate Teranet’s national Automated Valuation Model data into its underwriting process.

  • Breaking News: REDX confirms AMP reporting changes

    Teranet is now confirming the MortgageBrokerNews.ca report it will overhaul its controversial use of AMP records on the REDX system.

  • Source: REDX to cease recording AMP activity

    Teranet -- the people behind the REDX database -- will stop the controversial practice of recording brokers who drop the AMP designation, according to one network head, himself a victim of the policy.

  • Homebuyers haggling in wake of higher rates

    With the release of CREA’s Canadian real estate report on Tuesday, National Bank Financial Markets has released its Teranet - National Bank House Price Index; which posits homebuyers are haggling for better home prices to balance out increased rates.

  • May CMHC, Teranet numbers encouraging

    Condo starts were up surprisingly for the month of May, reaching 200,000 from April’s 176,000 – helping to maintain a level number of new housing starts nationwide, according to CMHC’s latest seasonally adjusted annual rates.

  • Broker ensnarled by REDX error

    A Toronto broker wants the same high standards currently applied to mortgage brokers placed on REDX reporting – having herself fallen victim to an apparent case of mistaken identity.

  • Stick to the issues CAAMP, broker urges

    Another article in the Toronto Star has showered praise on mortgage brokers, but one broker feels his industry is being done a disservice with what he calls “PR pieces” by CAAMP, when instead it should be addressing real concerns in the channel such as REDX reports.

  • REDX addresses AMP questions

    The company behind REDX is now answering a question CAAMP has been slow to, asserting the association does not directly file incident reports on brokers who drop the AMP designation.