Sagen Canada

Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps

November 7, 2023 No Comments

Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields.

Optimism prevails among first-time and prospective homebuyers despite economic challenges, survey finds

June 20, 2023 No Comments

Despite rising interest rates and a challenging economic environment, first-time and prospective homebuyers are much more optimistic about Canada’s housing market compared to the general population.

Mortgage insurers clarify qualification rules for VRM applications amid rising rates

July 19, 2022 No Comments

The Bank of Canada’s historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.

Q1 Lender Earnings: The Recovery is Underway

May 19, 2021 No Comments

Some of the country’s key mortgage lenders unveiled their first-quarter results, which were positive across the board. The lenders were able to take advantage of

sagen overtakes cmhc in mortgage default insurance

Sagen Overtakes CMHC as Canada’s Largest Mortgage Default Insurer

May 7, 2021 No Comments

The Canada Mortgage and Housing Corporation (CMHC) has reportedly lost its title as Canada’s largest provider of mortgage default insurance. The national housing agency’s total

Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October

November 5, 2020 No Comments

The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%,

↑