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Canadian Mortgage News Daily — May 26, 2021

Daily news buttletin

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents).

Reader note: RateSpy’s breaking mortgage news is now at → RATESDOTCA.

  • How prevalent are non-resident owners in major Canadian markets? (Mortgage Broker News)
    • Non-resident ownership continues to be an overblown scapegoat for supply mismanagement. Per CMHC, only four Census Metropolitan Areas (CMAs) had non-resident condo ownership above 1% for example:
      • Toronto (2.6%)
      • Montréal (1.8%)
      • Vancouver (1.3%)
      • Halifax (1.3%)

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