Tag Archive: report


Despite Rising Home Prices, 75% of Regions Still “Undervalued,” Say Realtors

Spring is officially more than a month away, but in hot housing markets “spring” homebuying season has already begun. And it’s shaping up to be a competitive one, especially with the just-announced stress test easing. A recent survey from RE/MAX suggests that more than 6 in 10 real estate agents in major cities (62%) are seeing buyers being priced out...

Encouraging More 10-year Mortgages

There’s a big chunk of Canadians out there who: Dislike the mortgage renewal process Are risk averse, and Would gladly trade their stodgy old 5-year fixed term for something longer, if the economics made sense. Ten-year mortgages could fit the bill, if the rates weren’t as high. Knowing that, C.D. Howe issued a report last month on how lenders might be able...

Trading Relationships for Rate Savings

How much would you have to save to deal with a mortgage lender that had no in-person or telephone advisors, just ultra-low rates, live chat support and a reliable, efficient user experience? If you’re like 16% of mortgage shoppers, you wouldn’t deal with that kind of lender at all. If you’re like 18% of mortgage shoppers, you’d happily use an...

A Chunk of New Buyers “Disappears”: CMHC

Where did all the first-time buyers go? New data from CMHC suggests there are noticeably fewer of them out there (stats below). Maybe they’re hibernating until they can save up a bigger down payment, amid home prices that (in many regions) remain near record highs. Or, perhaps fewer of them are able to pass the mortgage stress test given today’s...

An Avalanche of New Mortgage Data

Here are seven things you may not know about Canada’s mortgage market. The source: CMHC’s insightful new Residential Mortgage Industry Report. 1) Variable Rates Looked Good (Keyword Being “Looked”) Almost 3 in 10 borrowers (29%) went variable in the first quarter. That’s 12 percentage points higher than two years prior. And that’s despite the historically narrow gap between fixed and variable...