As municipalities in Ontario move towards Stage 3 of the Reopening Ontario plan – where is the real estate market headed?
Our Monthly Market Insights Report analyses market data to address this question as well as provide an update on the state of the lending market.
In June 2020, lenders across all categories, except Other Banks (banks other than the Big 6 Banks), reported a decrease in mortgage registration volumes compared to the same time last year.
Individual Lenders, Private Lenders, and Credit Unions witnessed a significant decline of 28.8%, 25.6%, and 17.4% respectively.
While this paints a dreary picture, there is an upside. The June volumes, despite being lower compared to 2019, are still higher than the previous month. This points to a positive upward trend.
For more details and a deep dive into mortgage registrations visit the Purview blog. Access it here: https://www.purview.ca/which-lenders-are-registering-more-mortgages-in-ontario/
Find the full Teranet Monthly Market Insights Report here: Click here