The State of the Mortgage Market

Mortgage Professionals Canada released its marquis State of the Mortgage Market report last week. While much of the media focus was on the report’s assessment of the mortgage stress test and its ramifications, the annual report was once again chock-full of enlightening statistics that help paint a picture of the current state of the mortgage…

Morneau: No Stress Test for Private Lenders

Finance Minister Bill Morneau denied reports that his government is planning new regulations aimed at private mortgage lending. “I’m not currently considering any stress tests on private mortgage lenders,” he told reporters on Monday. “We’re always looking at the entire mortgage space to make sure we have a system that is providing the adequate protections…

The Latest in Mortgage News

As we do each month, we’ve rounded up some of the latest real estate and mortgage-related news from the past few weeks: Vancouver’s Housing Market Earns Dubious Honour Vancouver home prices may be falling now, but their record-high levels throughout 2018 have earned Vancouver the distinction of being ranked the world’s second-least affordable city. The…

Home Sales End Year on Historically Low Note

Last year was a tumultuous one for Canadian real estate, culminating in one of the slowest Decembers on recent record for sales activity. According to the latest analysis from the Canadian Real Estate Association, the number of homes changing hands came in 12% below the 10-year average, and a whopping 19% below year-over-year activity. Sales…