Real estate markets are healthy because there’s a low level of defaults, right? Not exactly. Junk economists (and that cousin of yours that gives unsolicited investment advice) often explain that the lower the levels of mortgages in arrears, the healthier the market. In actuality, it’s the opposite. Low levels of defaults are a sign that […]
Home Capital Group, one of Canada’s largest mortgage lenders is imploding. Here’s what happened, and what it means.
Toronto real estate buyers scrambling to get in the market are increasingly taking out high-ratio mortgages, with far too little income.
Soaring real estate prices are seeing more Canadians borrow against the equity in their home, here’s how much and what they’re doing with it.
Despite Canadian real estate prices skyrocketing, first-time buyers are making larger down payments than ever.
Scott Nazareth, one of Canada’s top mortgage brokers estimates 20% of Canadians are committing mortgage fraud to qualify for homeownership.
Canadian real estate helped drive consumer debt levels so high, it would take the net worth of the 9 richest people in HISTORY to pay it off.
Canada’s new mortgage rules go into effect today. Here’s how they might make housing even less affordable, while bringing prices down.
Toronto real estate prices continued higher in September, as buyers demonstrated a significant preference for detached homes.
The Liberal Government led with foreign buyer news, but actually targeted Millennials and first time buyers with new mortgage changes.
