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Feb 28 No Comments

Canada’s Largest Real Estate Markets See Mortgage and HELOC Payments Soar

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Categories: Canada,Canadian Debt,Canadian HELOCs,CMHC,Toronto Real Estate Prices,Vancouver Real Estate Prices

Toronto and Vancouver real estate prices are cooling, but payments are still soaring. Canada Mortgage and Housing Corporation (CMHC) numbers show a big increase for the average payment in Q3 2018. The average payment on mortgages and home equity lines of credit increased at over 2x the rate of inflation. Toronto and Vancouver Mortgage Payments […]

The post Canada’s Largest Real Estate Markets See Mortgage and HELOC Payments Soar appeared first on Better Dwelling.

Feb 23 No Comments

Canadians Abruptly Stop Using Their Homes As ATMs

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Categories: Canada,Canadian HELOCs,Canadian Real Estate Prices,Toronto Real Estate Prices,Vancouver Real Estate Prices

Canadians may have just had a major shift in sentiment when it comes to tapping home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show that loans secured by real estate made an abrupt decline in December. After a slow deceleration, the number made a big leap into negative territory. The decline is […]

The post Canadians Abruptly Stop Using Their Homes As ATMs appeared first on Better Dwelling.

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17:54 23 Jun 19

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