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Industry News

Home sales drop to six-year low

Home sales drop to six-year low

  • Mar 19, 2019

February is typically a slow month for home sales, but last month was the slowest since November 2012


Mortgage holders pay over 27% more on interest than principal

Mortgage holders pay over 27% more on interest than principal

  • Mar 16, 2019

New data from Statistics Canada show that interest on mortgage debt reached a new high last quarter


Household debt grows faster than income – StatsCan

Household debt grows faster than income – StatsCan

  • Mar 16, 2019

The agency says that the amount of debt Canadians owe relative to their income grew last quarter


Non-resident homeownership becoming prevalent – report

Non-resident homeownership becoming prevalent – report

  • Mar 14, 2019

A recent report gives an overview of non-resident homeownership in British Columbia, Ontario and Nova Scotia


Big 5 banks lose mortgage market share in Ontario

Big 5 banks lose mortgage market share in Ontario

  • Mar 13, 2019

Despite the loss, the Big 5’s share has been relatively stable


Meridian Credit Union offers 1.98%, two-year fixed mortgage

Meridian Credit Union offers 1.98%, two-year fixed mortgage

  • Mar 13, 2019

Ontario’s largest credit union is offering the lowest two-year fixed rate in the country in recent history


Annual pace of housing starts slows in February

Annual pace of housing starts slows in February

  • Mar 11, 2019

Higher mortgage rates and less stimulative economic conditions soften demand for housing


Federal government unveils plan to address homelessness in BC

Federal government unveils plan to address homelessness in BC

  • Mar 11, 2019

The plan involves repurposing a property in the province