At the October 2019 Teranet Market Insight Forum, data usage was front of mind. Mortgage Professionals Canada CEO Paul Taylor memorably said, “Data is the new bacon.” One audience member…
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AVMs – automated valuation models – can be the secret solution that makes a more competitive lender. AVMs allow lenders to estimate property value based on a mathematical algorithm. While…
As transit expands in Canada, housing options are also growing. In southern Ontario, there have been several recent transit projects that are making commuting more accessible. GO Transit, the TTC,…
In 2019, Canadian insolvencies reached the highest they have in a decade. October 2019 was the highest monthly reading of personal insolvencies since September 2009. Insolvencies are also up year-over-year….
The Toronto condo market is growing rapidly. According to Mortgage Broker News, Toronto’s high-rise development is among the continent’s most active. “Data from the Council on Tall Buildings and Urban…
Teranet data provides insight into individual properties, but also into trends that are occurring at the provincial, municipal, and even neighbourhood levels. We have compiled these trends into an accessible…
2019 saw several regulatory changes introduced to the Canadian mortgage market and financial industry, along with updates to existing regulations. On the Purview blog, we are breaking down changes to…
Canada’s mortgage stress test is being altered. On February 18, 2020, Minister of Finance, Bill Morneau, announced that the benchmark rate for insured mortgages is changing. Effective April 6, 2020,…
Teranet is honoured to announce that we have been selected as a finalist for the Centum Award for Industry Service Provider of the Year in the 14th annual Canadian Mortgage…
The Bank of Canada interest rate held at 1.75% for the entirety of 2019 – but not all remained the same. Even as the interest rate held, changes occurred in…
