10/13/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

Real Estate & Mortgage News

  10/8/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

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  9/18/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... More

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  9/10/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

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  9/9/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

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  8/31/2020 | Posted in Canada Living by Sam Cuda & Nancy Cuda
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Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More

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  8/30/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s total balance of mortgage payment deferrals stood at over $247 billion as of the end of the second quarter, according to data from TransUnion. ... More

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  8/27/2020 | Posted in Real Estate Market by Sam Cuda & Nancy Cuda
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A housing inventory surge will likely precede a predicted arrears spike once payment deferrals end, according to a recent analysis. ... More

Real Estate & Mortgage News

  8/17/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Mortgage insurers are not signalling enthusiasm towards the extension of six-month payment deferrals, according to an analysis by The Financial Post. ... More

Real Estate & Mortgage News

  8/10/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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While shrinking mortgage delinquencies during the first quarter have set the stage for even lower Q2 readings, analysts warned that a significant increase might take place after ... More

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  7/28/2020 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest ... More

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  7/9/2020 | Posted in Financial Health by Sam Cuda & Nancy Cuda
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Canadian household debt has shown relatively muted increases despite growth in the mortgage segment, according to data from the central bank. ... More

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  5/25/2020 | Posted in Canadian Housing Market by Sam Cuda & Nancy Cuda
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Why does CMHC's Evan Siddall think Canada is headed for a 'deferral cliff'? ... More

Real Estate & Mortgage News

  4/17/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More

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  4/4/2020 | Posted in Mortgages and Real Estate by Sam Cuda & Nancy Cuda
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Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, ... More

Real Estate & Mortgage News

  3/28/2020 | Posted in Canadian Economy and Housing Market by Sam Cuda & Nancy Cuda
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Canada’s largest banks are fielding a deluge of requests to defer payments on mortgages as businesses suffer from efforts to curb the spread of the new coronavirus and job ... More

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