Could A New Credit Scoring System Affect Your Ability To Borrow?

Equifax will combine credit histories, ratings, and mortgage information with Teranet's database of property values to offer lenders and financial institutions an assessment of a borrower's debt-to-asset value and home equity. This RESL metric will help lenders measure risk in the real estate market, allowing them to determine if they want to lend or not.

This Juggernaut Just Won't Stop

Home prices in Canada rose another 0.6 per cent from July to August, setting another all-time record, according to the Teranet-National Bank Composite House Price Index. The index, which measures resa...

A Housing Turnaround?

TORONTO - The Teranet-National Bank house price index broke a string of month-to-month declines in March, rising 0.4 per cent from February, with most of Canada's biggest urban centres showing some im...

Housing Slump Over? Don't Bet On It

With housing sales numbers stronger than expected at the start of this year, many of the more optimistic housing market observers were hoping that the worst is over for Canada’s housing slump. But is...