Mortgage

The trend in housing starts was 213,144 units in August 2020, up from 204,597 units in July 2020, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released…

DBRS Morningstar has released a commentary titled Macroeconomic Scenarios: Canada’s Residential Mortgage Market. In this commentary, DBRS Morningstar build’s on our two macroeconomic scenarios for Canada to assess how the economic outlook…

TORONTO — Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices won't return to pre-recession levels until late 2022 at the earliest.The housing agency also cautioned that the impact of the COVID-19…

The Prime Minister, Justin Trudeau, announced today that the federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small…

TORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up.The urgency comes as some landlords have already started issuing…

BOSTON — When Rebeka McBride and her husband put their home in Washington state on the market in early March, the coronavirus outbreak was just taking hold in the United States. They managed to hold two open houses and a smattering of…

TORONTO — The Canadian Bankers Association says the country's six largest banks have allowed customers to defer payments on more than 10 per cent of the mortgages in their portfolios as borrowers affected by COVID-19 seek financial…

Uncertainty is everywhere in the financial world these days as the COVID-19 pandemic spreads, and that's translating into big swings in mortgage rates and challenges in how to navigate borrowing for a home.Given the lack of economic…

The aggregate price of a home in Canada increased 2.2 per cent year-over-year to $648,544 in the fourth quarter of 2019, according to the recently released Royal LePage House Price Survey. According to Royal Lepage, similar to the third…