Banks Archives - Better Dwelling

The Government of Canada Just Pointed Out The Mortgage Market Might Be A Cesspool

Stephen Punwasi — Fri, 06 Apr 2018 12:29:54 +0000

FCAC, a branch of the Government of Canada, thinks the banks have insufficient controls to monitor, identify, and mitigate risk in retail banking – with a special note on mobile mortgage specialists.

The post The Government of Canada Just Pointed Out The Mortgage Market Might Be A Cesspool appeared first on Better Dwelling.

Impaired Mortgages Soar At Canadian Banks, As “Standardized” Reporting Hits

Daniel Wong — Thu, 05 Apr 2018 12:35:21 +0000

Impaired mortgage dollar volumes are spiking at Canadian banks. Don't worry, this likely has to do with the improved transparency that became mandatory in January.

The post Impaired Mortgages Soar At Canadian Banks, As “Standardized” Reporting Hits appeared first on Better Dwelling.

Bank of Canada: Growing Share of Mortgages Taking Place Outside of Regulation

Daniel Wong — Wed, 03 Jan 2018 14:03:22 +0000

Canadian real estate buyers are increasingly turning to non-regulated lenders according to the Bank of Canada.

The post Bank of Canada: Growing Share of Mortgages Taking Place Outside of Regulation appeared first on Better Dwelling.

Here’s What Canadian Real Estate Did After The Last Interest Rate Hike

Daniel Wong — Wed, 12 Jul 2017 22:59:56 +0000

Lowering interest rates pumped up Canadian real estate prices, but will raising them lower prices? It didn't last time.

The post Here’s What Canadian Real Estate Did After The Last Interest Rate Hike appeared first on Better Dwelling.

Canadian Government Is Now Warning Household Debt Will Shatter Records

Daniel Wong — Wed, 21 Jun 2017 13:20:38 +0000

Canada's Parliamentary Budget Officer is warning that household debt will accelerate through next year, shattering previous debt records.

The post Canadian Government Is Now Warning Household Debt Will Shatter Records appeared first on Better Dwelling.

Canadians Are Using Second Mortgages To Avoid Bankruptcy

Kaitlin Last — Thu, 08 Jun 2017 23:08:17 +0000

Canadian bankruptcies from homeowners are at an all-time low, but an expert argues this is due to second mortgages and HELOCs, not wealth.

The post Canadians Are Using Second Mortgages To Avoid Bankruptcy appeared first on Better Dwelling.

Canadian Uninsured Mortgages Hit All-Time High

Daniel Wong — Thu, 01 Jun 2017 13:41:29 +0000

Experts are saying Canadian real estate is about due for a correction, but how safe are the banks? A lot safer than homeowners.

The post Canadian Uninsured Mortgages Hit All-Time High appeared first on Better Dwelling.

Senate Receives Recommendation To Put A Cap On Household Debt

Better Dwelling — Wed, 31 May 2017 02:02:52 +0000

The Canadian senate heard from Moody's, the IMF, and the CMHC. Here's your cheat sheet on what they said about real estate and our banks.

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Everything Canadians Know About Inflation Is Wrong, Here’s Why

Stephen Punwasi — Thu, 25 May 2017 13:23:33 +0000

Feel like expenses are rising faster than frequently quoted statistics? Here's how Canadians are being misinformed about inflation.

The post Everything Canadians Know About Inflation Is Wrong, Here’s Why appeared first on Better Dwelling.

One of Canada’s Largest Mortgage Lenders Just Imploded, Here’s What Happened

Stephen Punwasi — Thu, 27 Apr 2017 11:48:52 +0000

Home Capital Group, one of Canada's largest mortgage lenders is imploding. Here's what happened, and what it means.

The post One of Canada’s Largest Mortgage Lenders Just Imploded, Here’s What Happened appeared first on Better Dwelling.