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Canadian Mortgage Credit Sees Growth Slow, Despite Record Real Estate Sales
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Canadian Mortgage Credit Sees Growth Slow, Despite Record Real Estate Sales | Better Dwelling Canadian real estate sales are hitting record levels, but mortgage growth is slowing. Bank of Canada (BoC) data shows outstanding mortgage credit hit a new all-time high in July. Even with the new high and various factors working in its favor, the rate of growth is still decelerating. Mortgage Debt....

Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals
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Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals - Mortgage Rates & Mortgage Broker News in Canada OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic conditions. The changes are effective immediately for mortgage payment deferrals granted by the Big 6 banks through to the end of September. Those ...

COVID-19: Understanding Mortgage Payment Deferral
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Are you financially impacted by the #COVID19 crisis? Make sure you understand what a mortgage deferral is if you are a homeowner in need.