Pace of Canadian mortgage credit growth is slowing
As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth, according to data from the central bank. Total mortgage debt at institutional lenders nationwide reached $1.69 trillion…
CMHC: Alberta’s deferrals rate among the highest in Canada
Alberta posted the highest proportion of mortgage deferrals during the COVID-19 pandemic, according to the Canada Mortgage and Housing Corporation. Approximately 21% of mortgages in the province were in deferral as of…
Despite concerns over a COVID-19 correction, Vancouver home sales remain strong
The COVID-19 pandemic did not appear to have had a significant negative impact on Vancouver housing activity, with the market reaching its best September on record this year.In its latest report, the…