August 6th, 2018
Irrespective of which side of the short-term bridge loan you’re on, it is a critical component of investing. According to Greg Vorwaller, president of Trez Capital, a private equity short-term … [read more]
August 3rd, 2018
It’s been over six months since the new mortgage stress test rolled out across Canada with the aim of ensuring borrowers would be able to handle higher interest rates. However, … [read more]
Comments Off on Canada’s New Mortgage Stress Test Could Have Been Better Designed
August 2nd, 2018
With the new mortgage stress test coming effect in January, this year has had more than its share of headlines about the difficulty of qualifying for a mortgage. But that … [read more]
Comments Off on It’s About to Get Easier to Qualify for A Mortgage for Self-Employed Canadians
July 26th, 2018
Mortgage : You either have one or you’ve heard of one. And if you’re in the latter group, maybe you’re at a point where you ought to learn more. But … [read more]
Comments Off on Getting A Real Estate Focused Mortgage in BC
July 26th, 2018
Instead of safeguarding Canada’s financial system, one association says the mortgage stress test is unduly suppressing housing activity, which could spell future trouble for the economy. Since the new mortgage … [read more]
Comments Off on 18% of Prospective Homebuyers were Unable to Buy Their Preferred Home
July 24th, 2018
77% of Canadian homeowners have fixed-rate mortgages, but only around half – 54% – of those planning to become homeowners would choose this type of mortgage, according to the results … [read more]
Comments Off on Only Half of Canadian Homeowners Would Choose Fixed-Rate Mortgage
July 23rd, 2018
It’s been seven months since new mortgage qualification rules, in the form of Guideline B-20, came into effect in Canada. Under these new rules, put in place by the national … [read more]
Comments Off on What Choice Do You Have to Qualify for A Mortgage?
July 12th, 2018
Growing trade volatility and tariff threats weren’t enough to sway the Bank of Canada from its upward swing : the central bank, which sets the cost of borrowing for all … [read more]
Comments Off on Bank of Canada Hikes Rate to 1.5% in July Announcement
July 9th, 2018
When it comes to getting approval for a home mortgage loan, borrowers can either work with a mortgage broker or a bank. Either option will take you one step closer … [read more]
Comments Off on Home Loan Journey : Pros & Cons of Mortgage Broker vs. Bank
July 3rd, 2018
If you’re thinking of making the move from renter to homeowner, simply diving into home shopping is the wrong first step. What you need to do is first answer the … [read more]
Comments Off on The Major Factors That Determine How Much House You Can Afford
June 29th, 2018
There’s been plenty of speculation about when the Bank of Canada (BoC) will decide to hike interest rates next. In a speech earlier this week, BoC Governor Stephen Poloz offered … [read more]
Comments Off on The Bank of Canada Might Wait on Another Interest Rate Hike
June 26th, 2018
With a little discipline and seven lifestyle adjustments you could save between $26,836 and $46,336 per year — all of which could go towards your downpayment on your first home. … [read more]
Comments Off on Save Down Payment on the First Home with Discipline & Lifestyle Adjustments
June 25th, 2018
Through most of this decade, Canadians have taken advantage of historically low interest rates and splurged on housing. Except now rates are rising and new regulations are making qualification arduous. … [read more]
Comments Off on The Interest Rates Hikes Could Be Too Much to Bear for Many Homeowners
June 21st, 2018
Canadians’ mortgage borrowing over the first three months of 2018 fell by $2 billion to $13.7 billion — the lowest level since the second quarter of 2014 — following the … [read more]
Comments Off on Mortgage Borrowing Slides to Lowest Point Since 2014
June 8th, 2018
The Canadian housing market has cooled considerably in first few months of 2018, after posting red hot numbers last spring. The adjustment is largely the result of a new mortgage … [read more]
Comments Off on The Bank of Canada Thinks Canadian Housing Market is Right Where It Should Be
June 6th, 2018
For months, industry watchers have wondered how higher interest rates could affect the Canadian housing market. Now, one economist is saying that homeowners should brace for a “sea change” when … [read more]
Comments Off on A Warning for Canadian Mortgage Holders
June 5th, 2018
Last week, Canada’s major banks reported that they expected their mortgage applications to be cut by 50% in the second half of 2018. That’s because a new mortgage stress test … [read more]
Comments Off on How Falling Mortgage Credit in the Canadian Housing Market Could Hurt the Economy
June 5th, 2018
If the mortgage-rate outlook was a weather forecast, you’d see gathering clouds and rain. For now, the sun is done. Borrowing costs on the hugely popular five-year fixed-rate mortgage have … [read more]
Comments Off on Buying A Home or Renewing A Mortgage in the Months Ahead
June 3rd, 2018
OTTAWA — The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, … [read more]
Comments Off on Bank of Canada Keeps Key Interest Rate Target on Hold at 1.25%
June 1st, 2018
Canada’s biggest banks are reporting their second quarter earnings this week, and at least one appears to be experiencing a serious cutback in the number of mortgage applications it’s been … [read more]
Comments Off on Canadian Mortgage Applications will Remain Low in the 2nd Half of 2018
May 30th, 2018
If you’re a real estate aficionado (and, let’s face it, that’s most of us in this real estate-obsessed country), you’ve likely heard more than a few rumblings about increasing mortgage … [read more]
Comments Off on Why Are Fixed & Variable Mortgage Rates on the Rise?
May 29th, 2018
It doesn’t make sense to pay a third party to arrange to pay off your mortgage early. As the housing market continues at a hot pace, many different types of … [read more]
Comments Off on Why Extra Mortgage Payments Seldom Make Sense
Comments Off on What Short-Term Bridge Financing Can Offer?