Canadian mortgage market – a report by CAAMP

June 2014 - total number of Canadian Home owners by mortgage type
Canadian Mortgage Market - Outlook CAAMP publishes a regular report on Canadian mortgage market. The report made an argument that the mortgage regulation changes made in 2012 were detrimental towards housing market. The report pointed out that growth of residential mortgage demand is slowing down year-over-year. AccordingRead more

Mortgage defaults – remained stable for a while

Actual five years fixed mortgage rates offered by brokers

Apart from Alberta, numbers of mortgage defaults or payment misses have remained steady for last two years. Average Canadian mortgage arrear rate has stabilized close to 0.3%. Actual mortgage rate stayed almost flat during this period. That suggests a close correlation between the two – interest rate

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Mortgage for “work – permit / visa” holders – more choices are available

A Canadian Citizen or a Landed Immigrant (permanent resident) has more mortgage options than someone with work permit. Mortgages are easily accessible to persons with established ties with Canada than the ones who are on a business trip. Understandably the lenders offer fewer mortgage choices to the

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Bank of Canada – A Briefing on Canadian Residential Mortgage Market

Lensers share of residential mortgage market - Bank of Canada

Housing market and mortgage borrowing have been a thorn on the policymakers seats for a while. No one bar the buyers from buying a home and at the same time nothing stopping them to dig deeper into mortgage debt. From the supervisory perspective this is dangerous. This

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NEXSYS Brokerage Services Discontinued

Since 2008 NEXSYS Financial Inc. has been servicing the Canadian Mortgage Brokerage industry providing underwriting and fulfillment services to mortgage professional across the country.  NEXSYS has decided to discontinue their brokerage channel division in favour of focusing on their lender back office services. Effective immediately, NEXSYS’ Brokerage

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Regulators are watching Canadian housing and mortgage market

OSFI does not try to forecast about current state of Canadian residential mortgage market nor its future. It observes the market closely and is ready to take corrective action, if necessary to protect the interest of consumers, depositors and the lenders. This was told by Superintendent Julie

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