Tag: Mortgage update
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THE MONTHLY OUTLINE
The Monthly outline by: Jason Friesen of Outline Financial As another month moves into the rear view mirror, we are left with a trail of new records and continued highs. How long can/will this last? We explore these questions and more (including the potential impact of the proposed OSFI/mortgage changes) in this month’s edition of…
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The Monthly Outline
THE MONTHLY OUTLINE The condo recovery is almost complete, multiple offers are everywhere, prices are skyrocketing, and it is rumoured Kyle Lowry sold his home. What does all this mean for the Toronto Real Estate Market (and the Raptors)? In this month’s edition of The Monthly Outline, we provide you with key information, stats, and charts…
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Guest Post: Deferral-gate? (by Ephraim Vecina)
Originally posted here. A housing inventory surge will likely precede a predicted arrears spike once payment deferrals end, according to a Better Dwelling analysis. With the total balance of mortgage payment deferrals reaching $247 billion as of the end of the second quarter, Canadians have come to heavily rely on lenders’ deferral options to stave…
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Update: Mortgage and Mortgage Deferrals
Originally Published by Canadian Mortgage Trends. “Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and a sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appear to be telling a different story. That cliff is looking more like a “slope,” according to…
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Guest Post – Dalia Barsoum (Streetwise Mortgages)
Dalia Barsoum is an award winning mortgage broker and founder of Streetwise Mortgages. She is a mortgage specialist with a focus on investors and their portfolios. See her market update and her perspective on appraisals (from May 2020) below and follow her on social media!