Toll Free
1.855.PURVIEW

News

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

Ontario Liberals’ Announcement: Making Housing More Affordable

The Ontario housing market continues to be red-hot. House prices have increased significantly because of supply and demand challenges, often leading buyers to go above and beyond asking prices, engaging in bidding wars in an effort to find housing in a market that can’t seem to meet the demand. While some homeowners have enjoyed this increase in home values and Continue Reading

Blog Series Part 2: Canadian Real Estate Market Focus: Toronto vs. Vancouver – Where to Place Your Marketing Dollars

The finance industry is competitive, especially where mortgage financing is concerned. Financial institutions spend big bucks to maintain and grow their share of the market. Canadian ‘financial services’ companies spend upwards of 100 million dollars annually on digital marketing alone. The stakes are high with regard to where to place valuable marketing dollars – especially where smaller lenders are concerned Continue Reading

Blog Series Part 1: Canadian Real Estate Market Focus: Toronto vs. Vancouver – How Do Canada’s Two Biggest Markets Differ?

Toronto and Vancouver are two of Canada’s most populated cities and have, by far, been the biggest newsmakers where real estate is concerned. Both have seen real estate markets skyrocket in recent years. While there are some similarities between these two Canadian real estate markets, there are also some important differences and the two could potentially be headed in completely Continue Reading

DMTI Launches New Location Hub® Service Featuring Teranet Data

DMTI Spatial has announced the launch of its new Location Hub® service with enhanced condo information provided by Teranet. This new report makes it easier for companies to better manage their condominium concentration risk through an enhanced condo building database. DMTI Spatial noted: “We are excited to add this enriched data source into Location Hub web services as it provides Continue Reading

The Numbers Are In: House Prices Up 0.9% in March

In March, the Teranet–National Bank National Composite House Price Index™ was up 0.9% from the previous month, the largest March rise in 10 years. This increase is attributable to four of the 11 metropolitan markets surveyed: Hamilton (+2.1%), Toronto (+1.8%), Victoria (+1.0%) and Vancouver (+0.9%). The Toronto and Hamilton gains were records for March. Increases were also strong, though below Continue Reading

2016 Canadian Real Estate Market Trends Review and 2017 Real Estate Market Predictions

2016 was certainly eventful as far as the Canadian Real Estate market is concerned. The Teranet–National Bank National Composite House Price Index™ reported increases for 10 consecutive months for home prices right up to December 2016. These increases occurred despite major changes to mortgage lending rules that saw many industry experts speculating a negative impact on the real estate market Continue Reading

Property Valuation 101 – The Area is as Important as the Property

Lenders in Canada invest significantly in underwriting tools to be able to ensure that when they fund a deal, they know what the value of the security pledged is. This occurs by investing in technology that facilitates the ability to pull comparable sales, run automated valuation models, as well as through drive-by and full property appraisals. These technologies and resources Continue Reading