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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

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

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