Top Stories

This Week’s Top Stories: Over 720,000 Canadians Are On Mortgage Payment Relief, and New Forecasts See Prices Making Double Digit Drop

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Prices To Make Double Digit Drop, Another Risk Agency Tells Institutional Investors DBRS, the credit rating subsidiary of Morningstar, sees rising defaults coming to Canada. The firm warned institutions and investors that mortgage arrears rates could triple, in […]

Canada

Canadian Real Estate Prices To Make Double Digit Drop, Another Risk Agency Tells Institutional Investors

Another global risk agency is warning wealthy investors that Canadian real estate prices will drop. DBRS, the ratings division of Morningstar, released its forecast for mortgage and price performance in Canada. The firm warns investors to expect climbing arrears, and double digit real estate price drops across Canada. Forecasting Scenarios Institutional research provides a range […]

Canada

Toronto and Vancouver Mortgage Delinquencies Rise To Multi-Year High

Canadian mortgage delinquency rates are falling, except in the country’s most expensive markets. Canada Mortgage and Housing Corporation (CMHC) crunched data from Equifax, and found mortgage delinquencies dropped in Q4 2019. Two notable exceptions to the trend were Toronto and Vancouver – where delinquencies increased to multi-year highs, before the pandemic. Mortgage Delinquencies People think […]