Tag: Canadian Subprime Mortgages

Canada

Nearly All Canadian Real Estate Markets Saw More Subprime Buyers, Including Toronto

December 31, 2021

Canadian subprime real estate buyers are scrambling to join the housing gold rush. Earlier this week, we discussed the sharp climb in subprime mortgage borrowers in Q3 2021. Today we’ll break the Equifax data down by city and show the highest concentrations. All but three major cities in Canada saw their share of poor quality […]

Canada

Canadian Subprime Real Estate Buyers Surged Higher Last Quarter

December 28, 2021

After taking a break at the start of the pandemic, Canadian real estate has seen subprime borrowers return. Equifax data shows an abrupt uptick in the share of new mortgages going to subprime borrowers in Q3 2021. It’s still a relatively small share, especially in contrast to historic levels. However, this is the first time […]