OSFI Flags Underwriting Issues Related to Income Verification
OSFI’s Annual Risk Outlook depicts several issues in the housing market which has led to OSFI outlining potential regulatory responses.
OSFI’s Annual Risk Outlook depicts several issues in the housing market which has led to OSFI outlining potential regulatory responses.
Mortgage professionals are realizing the uncertainty and the unpredictability of the mortgage industry when faced with unknown circumstances.
The mortgage landscape of Canada will be changing in the coming months because of the BoC increasing the benchmark rates.
Canadians are putting their home buying plans on hold because of rising interest rates and unpredictable economic outlook.
Home prices drop in March as supply surges in GTA reaching third-highest level of sales for the month and capped the first quarter on record.
The average home price has increased to $816,720 in February which is a 20.6% increase since last year as supply demands are being fulfilled.
71% of Canadians perceive that it is a bad time to buy a house in current market conditions, while 6% Canadians say it is a perfect time.
The calls for housing correction, crash, or bubble have been going on for 10 years, has and they have not materialized yet.
Over the past two decades, the housing market in Canada has increased by 375 percent across the nation, & the housing prices are still rising