💡See also: 5yr Yield Up 3 Bps as Jobs Report Looms Large
Natural disasters are hitting Canadians harder and more often, causing severe financial, physical, and emotional stress for mortgagors.
Default insurers want borrowers to know: help is available. All three have recently reaffirmed mortgage relief options for those impacted.
💡See also: Mortgage Tidbits below.
Fresh numbers suggest that more buyers may finally catch a break:
* National benchmark home prices are 18% off their peak
* Weekly paycheques have climbed 18% in 48 months
* Mortgage insurance rules are their loosest in years, and
* Mortgage rates are flirting with three-year lows.
Mortgage