Mortgages surged in Q3, while deferrals and loans in arrears dropped
CMHC says 250,000 homeowners sought deferrals in the middle of 2020
Firm self-reported violations, took remedial action and is seeking EMD status
Households added more than $118 billion in mortgage debt
StatsCan says low borrowing costs helped drive last year's increase
Government, education and health-care workers had below-average shares of mortgage deferrals
The yield on the 10-year Treasury briefly hit 1.18% earlier this week
The forecast comes after a year when the real estate market defied expectations
StatsCan reports non-bank lenders granted payment holidays to $25.4 billion worth of mortgages
The OSC finalized rule changes that clarify which areas will stay under FSRA's jurisdiction