2018 has been off to an interesting start so far with the announcement of the new mortgage rules and the implementation of the stress test
on conventional mortgage applications, today we also have some news from the Bank of Canada.
Following a steep decline
in conventional mortgage applications for purchase, demand for conventional mortgages for purchase leveled off in 2010 and 2011 and matched the government mortgage applications for purchase index.
Since the beginning of this year,
conventional mortgage applications have risen by 44.2 percent and again exceed their government counterpart.
Since the beginning of this year,
conventional mortgage applications have risen by 44.2 % and again exceed their government counterpart.