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Scheduled Maintenance for Purview

Purview® will be undergoing system maintenance during the following period. Friday, July 7th – 10:00PM to Saturday July 8th 1:00AM During this time, you may notice service disruptions specifically while searching for parcel registers and instrument images. Please ensure you run any critical reports in advance of this maintenance period. We apologize for any inconvenience this may cause. Have any Continue Reading

Canadian Lenders: Thriving in a Risky Housing Market

With everyone from the federal to provincial to municipal governments taking action to try to cool the hot Canadian real estate market, it makes planning for what’s to come that much more complicated for lenders. Every time there is a change to a rule, regulation, taxation, etc., you have to consider what that change means to you, both in your Continue Reading

Happy Canada Day from Purview For Lenders

Happy 150th birthday Canada! Purview For Lenders is proud to be Canadian – an amazingly diverse country with a rich history! A momentous occasion, worthy of great celebration!

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 http://www.housepriceindex.ca/. 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 http://www.housepriceindex.ca/. 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