August 12th, 2016
This is the somewhat surprising headline to an item in Fortune yesterday: The Average American Still Can’t Get a Mortgage. The US economy may be on the upswing, the author … [read more]
July 13th, 2016
Pressures from global volatility and slow growth in the wake of the Brexit haven’t deterred the Bank of Canada from its current monetary policy; the central bank has opted to … [read more]
Comments Off on Bank of Canada Holds Trend Setting Rate at 0.5%
July 7th, 2016
Canada’s top banking regulator is stepping up expectations for banks when it comes to mortgage lending. The Office of the Superintendent of Financial Institutions issued a four-page letter to financial … [read more]
Comments Off on Canada’s Top Banking Regulator Tightens Scrutiny of Mortgage Lending Practices Amid Soaring Home Prices
July 5th, 2016
In many cases, “a down payment is often the largest single payment a consumer makes in their lifetime and saving for it isn’t easy,” explained Corey Carlisle, executive director of … [read more]
Comments Off on Tips to Help First-Time Buyers Save for a Down Payment
July 2nd, 2016
Saving for a down payment can pose one of the biggest challenges for potential home buyers. Indeed, “a down payment is often the largest single payment a consumer makes in … [read more]
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June 30th, 2016
A Canadian mortgage industry group says there is no bubble in any Canadian housing markets and is warning the government against any changes in lending conditions that might derail the … [read more]
Comments Off on Mortgage Industry Says There’s No Housing Bubble in Canada
June 21st, 2016
The record-low mortgage rate environment seems poised to continue, according to a recent forecast from the British Columbia Real Estate Real Estate Association. “Given the current outlook for economic growth, … [read more]
Comments Off on This is Why 2017 Will Continue to be A Great Year for Investor
June 14th, 2016
A leading economist with one of Canada’s biggest banks has flagged what he says would topple the Canadian housing market, while dishing out advice for how the Bank of Canada … [read more]
Comments Off on Raising Interest Rates Too Quickly Could “Bring Canadian Housing to Its Knees”
June 13th, 2016
More Canadian parents with adult children are looking for ways to help those children financially, especially with the purchase of a home. Young adults in expensive housing markets like Toronto … [read more]
Comments Off on More Parents Using Reverse Mortgages to Help Adult Children Buy Homes
June 10th, 2016
If you’re serious about buying a home, cleaning up your credit should be the first item on your agenda. After going through your credit report, identifying, paying off and closing … [read more]
Comments Off on Steps to Attaining a Mortgage
June 7th, 2016
The Canada Mortgage and Housing Corporation released its annual Mortgage Consumer Survey Tuesday. “Understanding the way active Canadian mortgage consumers behave and what they are looking for allows mortgage professionals … [read more]
Comments Off on CMHC Releases Mortgage Insight Report
May 30th, 2016
Buying a home can be one of the best experiences of your life. However, if you have poor credit, it can be a frustrating and disappointing experience in your life. … [read more]
Comments Off on Your Credit Score Impacts Your Home Buying Experience
May 25th, 2016
Why is this important if you’re looking to get a mortgage? The overnight rate is the interest rate which financial institutions use when borrowing and lending overnight funds between each … [read more]
Comments Off on Bank of Canada’s Key Overnight Rate Remains Unchanged
May 2nd, 2016
We know that the home buying journey can feel overwhelming as you navigate your way through the maze of forms, financing, inspections, pricing, and negotiating. Today, we explore the advantages … [read more]
Comments Off on Understanding the Importance of Mortgage Pre-Approvals
April 26th, 2016
You’ve spent the last few years trying to avoid unnecessary purchases, slowly filling up your piggy bank and perhaps even held your hat out to mom and dad. Well, the … [read more]
Comments Off on YES! You Can Negotiate Your Mortgage with So Many Options
April 24th, 2016
As a homebuyer, you don’t want anything to jeopardize your chances of closing on the home you’ve selected. Many folks can’t buy homes without applying for a mortgage, and if … [read more]
Comments Off on Things to Avoid Before Applying for a Mortgage
April 21st, 2016
Young Canadians who strap themselves to huge mortgage payments that leave them “house poor” and prevent them from repaying debt risk crippling their life-long wealth accumulation. Despite that, millennials still … [read more]
Comments Off on Should You Repay Student Debt or Save for A Down Payment?
April 13th, 2016
Sweet anticipation that gets more intense as each second goes by and first-time homeownership grows near is natural but must be mixed with healthy fear. Beside immense emotional rewards, most … [read more]
Comments Off on First-Time Home Buyers : What You Need to Know About Your Home Loan
April 5th, 2016
Not everyone thinks the recent mortgage rule changes to increase the minimum down payment on homes priced between $500,000 and $1 million are enough to cool the country’s hottest housing … [read more]
Comments Off on 3 Ways Policymakers Could Act to Cool BC & Ontario’s Blistering Housing Markets
April 1st, 2016
Buying a home is still cheaper than renting in nearly every major US market. That’s one of a few key trends that have mortgage lenders expecting big things in 2016. … [read more]
Comments Off on Signs You’re Not Ready for a Mortgage
March 31st, 2016
Buying a house is a big step for most families. One of the things that can be very intimidating about purchasing a home is having enough money to make the … [read more]
Comments Off on Home of Your Own : How to Save For a Down Payment
March 22nd, 2016
When it comes to opining on seniors carrying debt into retirement, I’ll state upfront my personal bias that anyone with credit-card debt — or even mortgage debt — has no … [read more]
Comments Off on Retiring with a Mortgage? Why You Might Want to Think Twice About That
Comments Off on Plenty of Options for Mortgage Seekers Turned Down by Big Banks