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Shadow Flipping No Longer Making Headlines Post B.C. Government Crackdown

In 2016, the media was abuzz about a practice being deployed by some real estate sales professionals, a practice which has arguably contributed to the driving up of real estate values in Canada. This practice is called shadow flipping. Until now, shadow flipping has not been an illegal practice but has been controversial because it involves the assigning of a Continue Reading

The Numbers Are In: House Prices Up a Record 2.2% in May

In May, the Teranet–National Bank National Composite House Price Index™ was up 2.2% from the previous month, the largest May gain in the 19-year history of the index. This monthly advance took the composite index to an all-time high for a 16th consecutive month. For the first time in 12 months, home prices were up on the month in all Continue Reading

HPI Methodology – Tried, Tested and True

If you haven’t already noticed, the brand new Teranet-National Bank House Price Index launched last week. Tried, tested and true – our methodolody is relied upon by many and the changes to the application make accessing the information you need that much easier. Check out the new website at Interested in learning more about the Teranet-National Bank House Price Continue Reading

HPI Has a Brand New Look and Feel

We are pleased to announce that HPI has a new look and feel, including a brand new website! We hope you enjoy the experience. Check it out at Interested in learning more or taking the new Teranet-National Bank House Price Index for a test drive? Watch this quick video:

AVMs – The Micro vs the Macro

The use of the Automated Valuation Model (AVM) is becoming more common, relied upon by mortgage agents, brokers and lenders across Canada. This is for three main reasons: cost, convenience and accuracy. An AVM is generated automatically, usually through a desktop or mobile application. An AVM will generate an estimated value of a property using information regarding how the property Continue Reading

Can Canada Handle a Rate Increase?

The numbers are in. The Toronto Star has reported that Canadian household debt hit another record high in the 4th quarter of 2016. This includes consumer credit, mortgage and non-mortgage loans with mortgage debt accounting for 65.5% of the total ($2.029 trillion). According to the article, while Equifax indicated that 46% of consumers were decreasing their debt, 37% were actually Continue Reading

Risk Management Tools Useful for More than Just Mortgages

Risk management tools like automated valuation models have become invaluable in lenders’ mortgage underwriting operations when it comes to underwriting a deal and assessing property values. In instances where a deal is high ratio, an AVM can help you assess property values before sending a deal to your insurer, thereby reducing instances where the insurer disagrees. This leads to more Continue Reading

Sharpest 12-Month Rise on Record for Toronto and Hamilton House Prices

In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month. This gain is similar to that reported for April of last year and exceeds the average April gain of 0.9% over the 18 years of index history excluding 2009, when the economy was in recession. This monthly advance takes the composite index to Continue Reading

How Alternative Lenders Are Using Technology to be More Competitive

Many of our blogs focus on mortgage financing in Canada and ways that you can leverage tools and technology to make every aspect of your mortgage lending operation more efficient, our Purview For Lenders tool being one of them. What has become an interesting trend in the past year has been how alternative lenders have begun to leverage the very Continue Reading