Is The Canadian Housing Market Headed For a 25 Per Cent Crash?
Mortgage News / Mortgages

Is The Canadian Housing Market Headed For a 25 Per Cent Crash?

Could the market be due for a 25 per cent crash? Today’s report by Capital Economics certainly points to that direction. Released just a day after RBC’s statement that Toronto – one of Canada’s biggest markets – is not in a bubble, today’s statement has economists and home buyers alike wondering: what’s in store for home prices? Continue reading »

Friday Mortgage Round Up: July 20th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: July 20th, 2012

This week we saw the Bank of Canada stick to their guns, announcing they would hold their rate of 1 per cent in their July announcement. In new mortgage rule news, lenders are responding to the guidelines in different ways, with some banks applying limitations to their conventional mortgage products as well – and credit unions may provide options for those looking to skirt the new HELOC and cash-back mortgage rules. Continue reading »

Friday Mortgage Round Up:  July 13th, 2012
Mortgage News / Mortgage Rate Outlook Panel / Mortgages

Friday Mortgage Round Up: July 13th, 2012

Although the recent CMHC changes aren’t news to many (I hope) and I feel like I’m starting to sound like a broken record… a survey conducted by BMO found that a whopping 49 per cent of Canadians are not familiar with the new mortgage rules that came into play this past Monday! This leads me to believe that 49 per cent of Canadians live under a rock, mortgage free and without cable. If you are one of the 49 per cent, please check out the new rules and help tip the “in the know” side of the scale. Continue reading »

Mortgage Professional On The Front Line To Homeownership

Mortgage Professional On The Front Line To Homeownership

Increasingly Canadians looking to buy a house are seeking more information from the professional helping to secure their mortgage. They look to their mortgage expert for good financial advice, guidance and some level of consultation on what most likely is the biggest investment of their lives. Mortgage experts are now on the front line when giving advice to new homeowners on how much they should borrow and at what rate. Continue reading »

The Aftermath of the New Mortgage Rules
Mortgage News / Mortgages

The Aftermath of the New Mortgage Rules

In January of this year, Jim Flaherty, Canada’s minister of finance, announced that new mortgage and HELOC restrictions were to come into effect in March, 2011. The purpose of the new restrictions was to help curb consumer debt, which was said to be rising at an alarming rate. So have Flaherty’s restrictions brought the stability he sought, or are consumers only sinking deeper into debt? Continue reading »