• CMHC: Mortgage Deferrals On Toronto Real Estate 12%, Vancouver 11%

    Canadians are beginning to resume paying their mortgages, after many requested deferrals. Canada Mortgage and Housing Corporation (CMHC) broke down insured mortgage payment deferrals in August. At a national level, CMHC is seeing the rate of payment deferrals similar to the general market. Broken down by city, we see the most expensive markets are overrepresented. Even overrepresented,

  • Bank of Canada Signals Low Rates Until 2023, Unveils Changes to QE Program

    Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday. The BoC had previously provided guidance that rates would remain at their effective lower bound—currently 0.25%—“until 2 percent inflation target is sustainably achieved,” but went a


    Home is everything right now—the office, a workout zone and impromptu cocktail bar all in one. With our Great Indoors package, we’re looking for ways to elevate staying in, whether that’s lounging around in the plushest nightgown (or daygown, your call); acknowledging—then actually avoiding—winter dread; or simply making sure our surroundings reflect who we are.