Mortgage volumes fell in Q2 as credit card debt rose: Equifax September 11, 2022 1 Comment Canadian borrowers applied the brakes to mortgage borrowing in the second quarter while ramping up non-mortgage debt. Read More »
Average New Mortgage Size Surges 18% in Third Quarter: Equifax December 1, 2021 No Comments The average new mortgage being taken out by today’s borrowers surged to $360,000 as of the third quarter, Equifax reports. Read More »
Mortgages Lead Credit Growth as Delinquency Rates Decline March 9, 2021 No Comments Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data Read More »
Incorporate Balance Transfer Offers into Your Arsenal October 19, 2020 No Comments As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position ourselves as tax experts, accountants or lawyers. Read More »
