Uninsured Mortgages Keep Surging Even as Canadian Housing Cools (Bloomberg)

Melanie ConsMortgage Talk Canada

By Doug Alexander and Erik Hertzberg Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 percent from a year ago, accounting for about 53 percent of the C$1.13 trillion ($864 billion) of home loans at … Read More

ANALYSIS Heavily indebted Canadians need to watch U.S. interest rate announcement: Don Pittis

Melanie ConsMortgage Talk Canada

A rise in U.S. interest rates tomorrow is so confidently expected by nearly everyone that a failure to hike rates would shock world markets. In his first official press conference since taking over for Janet Yellen, Federal Reserve chair Jerome Powell is expected to set the direction for interest rate increases this year and into the more distant future. What he says will … Read More

Uninsured mortgage market hit 8-year high in January: OSFI (Bloomberg News)

Melanie ConsMortgage Talk Canada

Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 per cent from a year ago, accounting for about 53 per cent of the $1.13 trillion of home loans at Canada’s … Read More

Uninsured mortgages buck housing trends across country (Bloomberg)

Melanie ConsMortgage Talk Canada

by Bloomberg Canada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator. Mortgages that don’t require homeowner insurance surged 19 percent from a year ago, accounting for about 53 percent of the C$1.13 trillion ($864 billion) of home loans … Read More