Canada Mortgage and Housing Corp. (CMHC) doesn’t support the idea of increasing the maximum amortization period for new mortgages, stating that changes aimed at reducing monthly payments will raise demand and lead to even higher real estate prices. Today, borrowers have a maximum of 25...

For most of the previous year, Canada’s mortgage delinquency rate has remained at or near a record low level, but now it’s expected to go back to pre-pandemic levels, probably rising by almost a third. That’s according to the recent report by RBC Economics,...

Experts believe that Canada’s red-hot rental market will only keep overheating. According to Rentals, the country’s record immigration targets combined with limited supply have pushed the average price of a one-bedroom condo in Vancouver and Toronto to above $2,500 in March. In Toronto, the...

Today’s interest rate conditions are drastically different from what we saw only a year ago, and it means borrowers need new strategies for their mortgage renewals. The real estate market has never faced such a sharp increase in the overnight rate during such a...

Although OSFI’s proposed underwriting changes introduced in January were developed as an attempt to control market risk, critics believe the new rules will only push more borrowers into unregulated areas of the market. This is one of the concerns Mortgage Professionals Canada (MPC) addressed...