The recent report by TransUnion shows that more than 390,000 new mortgage accounts were opened during the second quarter of 2021, marking an annual increase by 48.6% and a rise by 45% from to the second quarter of 2019. Such results amount to $145...

The recent report by RBC Economics shows that housing affordability in Canada was at its worst level in 31 years in the third quarter of this year. RBC Economist Robert Hogue says aggregate home ownership costs were up to 47.5% of a median household...

Homebuyers in Canada will not face a stricter stress test when applying for a mortgage loan in the nearest future. On Friday, the Office of the Superintendent of Financial Institutions (OSFI) decided not to change the minimum qualifying rate for uninsured borrowers (those with...

Potential homebuyers will soon find out what requirements of mortgage stress testing they will have to face. On Friday, the Office of the Superintendent of Financial Institutions (OSFI) will provide an update on the minimum qualifying rate for uninsured mortgages. Today, homebuyers with a...

Last month, Canadian real estate prices rose by more than 25% from a year ago, pushed by an extreme lack of supply. According to the Canadian Real Estate Association (CREA), the listings gain during the period from October to November wasn’t enough to meet...