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Monthly Archives: December 2020

First-time homebuyers see new opportunities, challenges in pandemic economy

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With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers. New buyers are seeing condo prices come within reach in downtown areas awash with vacant high rises. But young families are also being priced out of starter homes in suburbs [&hellip…

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What are the emerging trends for Canadian real estate in 2021?

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Projections for 2020 went out the window by about the third week in February. What was supposed to be a year of restrained real estate sales and sluggish economic growth wound up generating both a full-on housing boom and a whiplash-inducing recession. The uncertainty of the past seven months makes projecting next year’s real estate activity a [&hellip…

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Shaping 2021: Digital as the key driver of the Canadian Mortgage Industry

As mortgage goes digital, it’s about serving customers andreducing costs. As we head toward the start of a new yearand we continue to deal with the impactsof the COVID-19 pandemic, reducing costsand increasing efficiency continue to be toppriorities for lenders and brokers. To meetboth objectives, the pace of digital adoptionneeds to accelerate across the industry. [&hellip…

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