A routine audit is leading a Canadian bank to repurchase their “ineligible” mortgages. Montreal-based Laurentian Bank is agreeing to buy back over $125 million in mortgages. The agreement is the result of a routine audit from the Canada Mortgage & Housing Corporation (CMHC). This comes while the bank is trying to improve borrowing standards, after […]
Vancouver real estate debt has been soaring, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a whack of consumer debt. When broken down into payments, more than a third goes to servicing […]
Montreal real estate debt is rising, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a lot of consumer debt. When broken down into payments, consumer debt requires even more cash to service. About […]
Toronto real estate debt has been soaring, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a whack of consumer debt. When broken down into payments, consumer debt requires nearly as much cash […]
Canadian real estate prices have been soaring, but much of those gains are already spent. Nearly half of Canada’s HELOC debt is located in just three cities.
The Crown Corporation in charge of Government research on Canadian real estate says markets are cooling, but the country still remains highly vulnerable – especially in Toronto and Vancouver.
The Government agency in charge of mortgage liquidity still thinks Canadian real estate is at a “high” degree of vulnerability, although the reasons vary by market.
Canada’s largest real estate markets may be seeing irrational buying. The Canada Mortgage And Housing Corporation (CMHC), a Crown corporation, has developed a new method of tracking over enthusiastic buyers. The method detects periods of accelerated price growth, in Canada’s largest markets. The most recent readings show Toronto and Vancouver are showing excessive exuberance. Montreal […]
Vancouver real estate prices have been soaring, and the CMHC thinks they know why… for the most part. They still can’t explain almost a quarter of recent gains.
Toronto real estate prices have been soaring, but how much higher than they should be? The CMHC thinks almost 60% of the gains were unexplained.
