Despite a sharp rise in home prices in 2020 and impacts from the pandemic-induced lockdown restrictions, the country’s housing risk remains “moderate.” That’s according to…
Category: Blog
Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course…
This year has seen a rise in the number of homeowners who are considering refinancing their mortgage. Approximately 20% of Canadian homeowners say they plan…
According to many forecasts from earlier this year, Canadian home prices should have fallen anywhere from 5% to 20% from pre-pandemic levels by now. On…
Fixed or variable—it’s the classic rate decision many mortgage shoppers are faced with. And it’s only been made more complicated since the start of the…
Many aspects of the homebuying process changed drastically due to the COVID-19 pandemic, but few have relied on such creative solutions as those employed for…
So COVID happened and is still happening; and while the real estate market did take a hit in March and April, it came back like…
Many of Canada’s lenders and mortgage insurers stepped up to the plate at the height of the pandemic by offering homeowners the option to defer…
Evan Siddall, CEO of CMHC, recently released a letter to CMHC-approved Lenders that said, in part, “There is a dark economic underbelly to this business…
Despite the havoc COVID-19 has wrought upon the economy, the dream of homeownership remains unmoved. In fact, more Canadians are now interested in purchasing a…