Canadian economic growth in 2017 went up more than analysts predicted in the past quarter. And, as everyone knows from Economics 101, economic growth is the main lever that elevates and lowers inflation, which in turn dictates mortgage rates. Between January and March 2017, Canada’s GDP expanded by 3.7 percent according to Statistics Canada. That’s at a rate of expansion Continue Reading
Lenders will love our new Teranet Market Insights report, which features insights into Canada’s housing market. In this inaugural edition, we dive deep into Ontario price and volume dynamics and changes in the Ontario mortgage market over the past three years. Accurate, in-depth, and timely — you’ll want to keep this report bookmarked to return to over and over again. Continue Reading
Changes to the rules for a high-ratio mortgage may make it tougher for some first-time homebuyers to get one at all. The regulations are meant to ensure everyone who gets one can afford their mortgage should rates increase in the near future. The housing market in Canada continues to sizzle – but are first-time homebuyers financially able to pay for Continue Reading
Potential Purview® Service Disruption: Purview® users may experience service disruptions when retrieving Parcel Registers or Instrument Images on the weekend, during the following period: October 14, 2017 at 6 p.m. to October 15, 2017 at 2 a.m. We apologize for any inconvenience this may cause. Have any questions? Call 1.855.787.8439 or email email@example.com.
In September the Teranet–National Bank National Composite House Price Index™ was down 0.8% from the previous month, the largest monthly decline since September 2010 and the first of any size since January 2016. The retreat was due to a 2.7% drop of the index for the Toronto market, the country’s largest. Indexes for four other metropolitan areas of the composite Continue Reading
Last October, and again in early 2017, both the federal and Ontario provincial government introduced new mortgage rules to calm Canada’s hot housing market and make sure borrowers can actually afford their mortgages. What impact – if any – have the new mortgage rules had on housing prices? As far as last October is concerned, according to an article published Continue Reading
Over the last few years, major institutional lenders have become accustomed to relying on technology and conducting more digital-type deals. With major firms, this technology is easy to adopt and cost-effective. However, some smaller institutions have found that implementing such technology has been budget prohibitive when looking at development costs. However, implementing technology that has traditionally been used only by Continue Reading
Purview® Service Interruption: Purview® customers will experience service interruptions during the following period: September 27, 2017 at 7 p.m. to September 28, 2017 at 2 a.m. We will be performing server maintenance and you might not be able to login. We apologize for any inconvenience this may cause. Have any questions? Call 1.855.787.8439 or email firstname.lastname@example.org.
Mortgage fraud is a lender’s worst nightmare. Lending is your bread and butter, so you need to be vigilant when it comes to detecting mortgage fraud. Ultimately, your institution will be the one impacted when a fraudulent transaction makes it past your scrutiny. The chances of recuperating money from a fraudulent deal are often slim to none. That’s why it Continue Reading
In August the Teranet-National Bank National Composite House Price IndexTM was up 0.6% from the previous month, less than the average 0.7% gain for August over the 19-year history of the index. The composite index rise was indeed dampened by the 0.4% drop in the market with the largest aggregate property value, namely Toronto. It marks the first declining trend since Continue Reading