Mark Carney says the Bank of Canada is behind fixed mortgage rate popularity, as lower-then-ever-options provide buyers with stability for less.
The CMHC has forecasted that housing starts are to take a dip in 2013, and that mortgage rates will remain historically low. How does this bode for buyers entering the market?
Finance Minister Jim Flaherty stated plans this week for the eventual privatization of the CMHC. Would would this mean for the mortgage market and borrowers?
Whatever happened to actually saving for a purchase? With Canadian debt levels at an 8-year high, it’s safe to say saving has become an antiquated concept. But when it comes to your mortgage, upping the down payment ante can make a HUGE difference for your return on investment. Want to learn more? We’ve crunched the numbers for you with our new Mortgage Calculator!
What is a REIT and how can you use it to capitalize on the inflating housing market? REITs are highly liquid (vs. having a property as an asset in your portfolio), cost effective (less expensive per unit than real estate) and they allow you to invest in non-residential property as well if you so choose.