Up to 20% of Canadian Mortgages at ‘Higher Risk of Defaulting’: RBC
byThe result would be a delinquency rate 4x higher than Canada’s peak over the past 30 years.
Personal Finance
How to Take a Proper Trip Down The Mortgage Trail
by“Too many people think mortgages are just about the rates.”
Risky Business: CMHC CEO Calls Out Lenders Allowing ‘Excessive Household Borrowing’
by“There is a dark economic underbelly to this business that I want to expose.”
Canadian Consumer Insolvencies Drop a Record 42.3% in Q2-2020
byBut a COVID debt cliff still looms as the end of CERB approaches.
What All-Time Low Mortgage Rates Mean for Homebuyers
byThe new normal has some upside.
Why CMHC’s Upcoming Mortgage Application Changes Will Have Little Effect
byThe changes are set to take place on July 1.
COVID Forced You to Work From Home? Here’s What You Can Write Off
bySome of your rent, mortgage, and hydro could be written off.
The Question of Having to Pay a Mortgage Penalty Isn’t If, It’s When
by“There are only two ways a Canadian avoids paying a mortgage penalty.”
How Mortgage Applications Have Changed During COVID-19
byLenders are looking a lot more closely right now.
Canada’s Mortgage Stress Test Good in Theory, But Should Be Better in Practice
byEven with upcoming changes expected to update Canada’s mortgage stress test, it remains an antiquated benchmark for the current market.