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Category Archives: Underwriters

Underwriters Information

Canadian Real Estate: Home Completions Moving at Lightning Speed

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The Canadian real estate market is one of the hottest in the world today. Despite the coronavirus pandemic affecting the G20 economy and leaving two million people out of work, the Canadian housing sector has been booming throughout the COVID-19 public health crisis. There have been many factors contributing to this impressive growth nation-wide: historically low interest rates, [&hellip…

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CMHC issues warning over borrowers falling into arrears

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Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge. The federal housing agency says in a report that more than 250,000 homeowners with mortgages insured by CMHC sought payment deferrals between last March [&hellip…

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Canada housing starts trend upward in January

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Housing starts across Canada trended upward last month, according to recent figures from the Canada Mortgage and Housing Corporation (CMHC). According to CMHC data, the standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada was 282,428 units in January 2021, an increase of 23.1% from December 2020. Read more: National [&hellip…

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