3/25/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
As many as 14% of millennials said that they have not been entirely truthful on a previous credit or loan application, compared to the national average of 7%, according to a ... More

3/17/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Non-bank lenders have seen the rate of arrears on insured mortgages go roughly 50% higher than their uninsured counterparts, according to data from Statistics Canada.
... More
2/25/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More

1/12/2021 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
The mortgage delinquency rate among Canadian seniors has reached its highest level in years, according to the Canada Mortgage and Housing Corporation.
... More
10/13/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Approximately 11% of Canadian borrowers have not returned to a regular payment schedule.
... More
9/18/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end.
... More
9/10/2020 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

4/21/2020 | Posted in Canadian Economy and Housing Market by Eileen Farrow
SHARE
Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis ... More

6/17/2019 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.
... More
6/11/2019 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.
... More
5/23/2019 | Posted in Financial Health by Eileen Farrow
SHARE
The Canadian credit market has grown but it appears that consumers are generally managing their debt well.
... More
3/6/2019 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
More Canadians are running into serious issues with their mortgage payments according to a new report.
... More
10/21/2018 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting ... More

10/2/2017 | Posted in Mortgages and Real Estate by Eileen Farrow
SHARE
Individuals who take out a mortgage tend to have higher credit scores, according to a recent report by the Canada Mortgage Housing Corporation.
... More

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.