Mortgage Pre-Approval: What Lenders Want To Know
A mortgage pre-approval is an important first step in the home-buying process. Having a pre-approval in hand tells you how much you can spend on a home, and it locks in the…
Don’t be alarmed but as much as 20% of Canadian mortgages are at a ‘higher risk of defaulting’
Good morning! While the Canadian housing market may be roaring, two resourceful RBC Capital Market analysts pored through the numbers to determine Canadian banks’ exposure to mortgage debt, and concluded…
CMHC: Housing starts activity fell by 20% in just a month
Amid a tepid pace of economic recovery, Canadian housing starts have seen a significant 20% month-over-month decline, according to the Canada Mortgage and Housing Corporation. As of the end of September,…