Canada’s banks just saw the first improvement in missed mortgage payments in nearly a year and a half. Canadian Bankers Association (CBA) data shows the mortgage arrears rate fell in June. While not much of a reduction,...
Mortgage balances rose 14% year over year as National Bank gained market share in Quebec and expanded beyond its home province, though the growth came with some pressure on margins.
Earlier this month, the Government of Canada and City of Toronto announced a $2.7 billion partnership that will advance 18 housing projects, which will together deliver over 5,600 new rental homes. Construction is set to...
Scotiabank’s mortgage portfolio dipped to $311 billion in the third quarter as non-mortgage lending outpaced mortgage growth for the first time in two years.
BMO’s Canadian residential mortgage portfolio grew to $164.2 billion in the third quarter, while 90-plus-day delinquencies rose to 0.56% and impaired mortgage provisions continued to edge higher.
Canadian household debt is throwing out more concerning data points. Equifax data shows non-mortgage credit grew in Q2 2026—both balances and delinquencies. Ontario is leading the erosion, with missed payments rising at...
TMG Enterprise Partners will provide independent brokerages with shared infrastructure, compliance expertise and operational support while allowing them to retain their ownership, culture and brand.
U.S. new-home sales declined in July to a six-month low, indicating higher mortgage rates are curbing demand even as builders trim prices and offer incentives.
Non-traditional income, declining property values and tighter lender scrutiny are complicating mortgage applications, but they may also strengthen the broker channel’s value proposition.
A sprawling residential project that was set to deliver nearly 1,500 new homes to Ajax has been placed under receivership, according to filings in Ontario Superior Court, as real estate insolvencies continue across Ontar...
The great Canadian borrowing binge continues, but it’s not for mortgages. At least, not entirely. Statistics Canada (StatCan) data shows household debt grew in June, but not as fast as usual. Mortgage credit is weighing...
As the last wave of mortgage renewals from the era of ultra-low interest rates comes, a new survey suggests most homeowners have been managing higher payments.
Real estate can squeeze a recovery story out of almost any positive decimal.CREA went with “Canadian Home Sales Climb Again in July.” Fair enough. Seasonally adjusted sales edged 0.5% higher, the fourth consecutive month...
Written for Daily Hive Urbanized by Hashim Arthur, the chief operating officer for Coldwell Banker Canada. ---------------------------------------- Open your phone on any given morning, and Canada’s housing market could...
National Bank says the mortgage payment on a representative home fell to 51.1% of median income, although affordability remains well below historical norms.
Second-quarter originations reached $2.1 billion, while mortgage and loan assets reached $2.53 billion and mortgages under administration totalled $23.27 billion.
Robert McLister: It’s like the rate market is on a mission to push borrowing costs upward for reasons that are percolating under the surface
via Financial Post (Real Estate)
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