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Tips and advice from the mortgage industry


Canadian manufacturing sales fell 1.5% in September, while retail sales slid 0.5%. This suggests that momentum in the Canadian economy is slowing and the handoff to the fourth quarter will be soft. Existing home sales rose 1.8% in October, bringing sales back to the...

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What is Mortgage Loan Insurance?

Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down...

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Market Commentary

The latest quarterly report from Canada Mortgage and Housing Corporation has some market watchers seeing red. But the agency points out its market assessment is an early warning signal and not a sign of a housing bubble that is about to burst. The report indicates...

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Residential Market Update

Market Commentary The household debt to income ratio has hit an all time high – 165%. Yet the Bank of Canada seems to have gone strangely quiet on the subject. Former bank governor Mark Carey routinely warned of the potential dangers brought by the lure of low...

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