September 26th, 2017
After already dialing up the overnight rate twice this year, some experts believe it’s likely that the Bank of Canada will hike its influential rate further this fall. TD Senior … [read more]
September 8th, 2017
Canada Mortgage and Housing Corp., the crown corporation that is the largest mortgage default insurer in the country, is paying Ottawa a $240 million dividend. Despite the payment, CMHC said … [read more]
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September 8th, 2017
Already coping with limited housing supply and poor affordability, Vancouver may also be one of Canada’s most sensitive markets to higher interest rates. On Wednesday, the Bank of Canada increased … [read more]
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September 4th, 2017
The most recent mortgage rule changes have had a much smaller impact on the market than previous policy changes and there’s a simple explanation for that, according to a new … [read more]
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August 30th, 2017
Last year’s mortgage rule changes are clearly impeding young buyers from breaking into the housing market, according to one veteran, but there is an even larger obstacle in the way. … [read more]
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July 28th, 2017
Being a real estate agent means more than just showing clients around homes and hoping they’ll like it enough to actually buy it. The most successful real estate agents ensure … [read more]
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July 13th, 2017
They did it. For seven years the Bank of Canada hasn’t hiked its mortgage-market-influencing overnight rate — until today. This morning the central bank announced it was setting the overnight … [read more]
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June 29th, 2017
Learn how much you can afford on a mortgage for a new home. Coldwell Banker real estate agents will help you meet your budget and find the perfect home. HOUSE … [read more]
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June 29th, 2017
A looming interest-rate hike is likely to cool the Canadian housing market to an extent, but higher borrowings costs won’t be enough to significantly water down demand despite several real … [read more]
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June 23rd, 2017
Lenders generally use a standard, specific criteria in order to determine if applicants can qualify to obtain a mortgage, and what the terms of that loan should be. The Motley … [read more]
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June 22nd, 2017
Prospective home buyers might do well to begin the process of obtaining a mortgage earlier than they think. While most experts say the average time it takes for buyers to … [read more]
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June 21st, 2017
An article in Realtor.com is advising people looking to buy a home to begin their mortgage applications earlier rather than later. Apparently, many people underestimate exactly how long it takes … [read more]
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June 15th, 2017
Despite astronomical house prices in Canada’s hottest markets and record high debt-to-income ratios, one-third of the country’s households are debt free. But, if interest rates were to rise, many households … [read more]
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June 2nd, 2017
If you’re in the market for a new home, there’s a way to save the environment and some cash at the same time : Consider a “green” mortgage. An energy-efficient … [read more]
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June 1st, 2017
Are you getting ready to take out a mortgage? Before you commit to a loan you’ll pay for the next three decades or so, make sure you know exactly what … [read more]
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May 27th, 2017
“Vancouver mortgages are rapidly deteriorating in quality,” one recent report claims. That’s just not the case, according to one leading broker who operates in that market. A recent Better Dwelling … [read more]
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May 24th, 2017
Recently, a wealthy Australian property developer dished out some advice for Millennials hoping to get into the property market. In short : resist the urge to shell out $19 on … [read more]
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May 12th, 2017
It’s very unlikely mortgage rates will “skyrocket” in the coming years, says Desjardins, but in a recent report the credit union suggests borrowers brace for rates nearer 5% by 2019. … [read more]
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May 5th, 2017
How bad will it be, and what will it mean for the economy as a whole? Luckily, not nearly as impactful as recent housing crashes. “We don’t expect a downturn … [read more]
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March 27th, 2017
Call it the gap between what you have to pay and what you can afford to pay — it’s going to be considerable when you qualify for your next mortgage. … [read more]
Comments Off on Mortgage Gap Created by The Posted Rate Leaves Homebuyers With A Decision to Make
March 14th, 2017
Your mortgage is by far the largest amount of debt you will ever undertake in your entire life. No matter where you are in the mortgage repayment process, there are … [read more]
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March 2nd, 2017
OTTAWA – The Bank of Canada is holding its trend-setting interest rate at 0.5% but it’s keeping a watchful eye on “significant uncertainties” that it warns could alter the economy’s … [read more]
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