October 24th, 2017
The mortgage process can be complicated if you jump in without any prior knowledge on home-buying and lending. The best tool you can arm yourself with is an understanding of … [read more]
October 23rd, 2017
Thinking of applying for a mortgage? You now have until January 1st before new rules, designed to make it tougher for borrowers to qualify, take effect. The final version of … [read more]
Comments Off on Tougher OSFI Mortgage Rules to Come in January
October 19th, 2017
Truth be told. Owning a home is a beautiful thing. In fact, it’s the one biggest expenses you’re likely to experience in your lifetime. But before you get there, certain … [read more]
Comments Off on How to Get A Mortgage Loan Approval
October 12th, 2017
If you’re like most people, you probably hate the work involved in organizing a home loan, then once you have one don’t want to think about it again for a … [read more]
Comments Off on Steps to Take Before Refinancing Your Home
October 11th, 2017
The real estate sector is characterized by complex transactions and huge investments. This is why it is important for every stakeholder to understand the various terminologies and risks associated with … [read more]
Comments Off on Property Priorities for Strong Borrowers
September 28th, 2017
Ever since the end of the housing boom in the mid-2000s, homeowners have benefited from some of the lowest mortgage rates in decades. Efforts from the Federal Reserve to stimulate … [read more]
Comments Off on Smart Mortgage Moves in This Interest Rate Climate
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]
Comments Off on Another Bank of Canada Rate Hike Coming This Fall
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]
Comments Off on New Mortgage Rules are Shrinking the Size of the Insured Housing Market
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]
Comments Off on Vancouver May Be One of Canada’s Most Sensitive Markets to Higher Interest Rates
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]
Comments Off on Analyzing Years of Mortgage Rule Impact
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]
Comments Off on Millennials Believe The Mortgage Regulations Have Impacted Affordability
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]
Comments Off on Essential Mortgage Tips for First Time Buyers
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]
Comments Off on Bank of Canada Hikes the Overnight Rate to 0.75%
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]
Comments Off on How Higher Interest Rates will Impact Canadian Housing
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]
Comments Off on Main Factors Used to Decide Who Qualifies for A Mortgage
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]
Comments Off on It Might Take Longer to Secure A Mortgage Than You Think
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]
Comments Off on What Rising Mortgage Rates Could Mean for Canadian Homeowners
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]
Comments Off on Are You Getting Ready to Take Out A Mortgage?
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]
Comments Off on Vancouver’s Real Estate Market Claims The Quality of Mortgages Is Declining
Comments Off on Understanding of How the Mortgage Interest Rate is Calculated