March 11th, 2016
Choosing the right mortgage can be challenging, but it’s really only the first of many hurdles on your trajectory to owning your home. Once you’ve locked your mortgage in, you … [read more]
February 28th, 2016
The government may have its work cut out for it when it comes to Canadian real estate. Earlier this month, mortgage rules increasing minimum down payments on some homes came … [read more]
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February 19th, 2016
OTTAWA — Homebuyers tend to shop around for the best mortgage rate they can find when first purchasing a property. But when renewal time comes around, chasing the best rate … [read more]
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February 17th, 2016
Now that the new home down payment requirements are in place, the big unknown is how much impact they will have on home buyers, especially first-timers. Most observers agree that … [read more]
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February 11th, 2016
New lending rules set to take effect next week coupled with mortgage rates that are creeping higher are expected to slow Canadian home sales in 2016, according to TD Economics. … [read more]
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February 5th, 2016
Are you considering buying a home in 2016? See how the new CMHC down payment laws could affect you. In Canada, homebuyers are currently required to put down a minimum … [read more]
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February 1st, 2016
Eight times a year, the Bank of Canada sets its key interest rate. Leading up to these routine announcements, there’s typically a flurry of commentary as experts weigh in on … [read more]
Comments Off on How the Bank of Canada’s Key Interest Rate Works, and What It Means for Mortgages
January 21st, 2016
Family Matters A week after BC marks Family Day on February 8, new rules kick in for mortgages insured by the Canada Mortgage and Housing Corp. (CMHC) that will require … [read more]
Comments Off on Tighter Mortgage Rules Set to Worsen Family Housing Squeeze
January 21st, 2016
The Bank of Canada announced today that it is keeping the key interest rate target at 0.5%, contrary to the expectations of some of the country’s biggest banks. “The Bank’s … [read more]
Comments Off on No Change to Key Interest Rate as Bank of Canada Sees Strength in Exports
January 20th, 2016
The Bank of Canada will maintain its target for the overnight rate at 1/2%. “Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of … [read more]
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January 16th, 2016
There are a total of 112 condos for sale as of January 16, 2016 in Burnaby Metrotown area. There are 16 new listings for condos for sale in Burnaby Metrotown … [read more]
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January 8th, 2016
Falling government-bond yields are usually good for homeowners in Canada because mortgage rates tend to follow suit. Not this time. Three of Canada’s biggest lenders have raised mortgage rates and … [read more]
Comments Off on Why Homeowners & Buyers Can Expect More Mortgage Rate Hikes from the Big Banks
December 31st, 2015
A sharp increase in the down payment required to buy more expensive homes using government-backed mortgage insurance will affect low-equity buyers but is “not a game-changer” for the BC housing … [read more]
Comments Off on Housing Analysts Split on Effect of Higher Down Payments
December 29th, 2015
It’s difficult to buy that home for sale in Portland, OR, without taking out a mortgage. After all, not many of us have hundreds of thousands of dollars in cash … [read more]
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December 15th, 2015
The federal government’s decision to raise the minimum down payment for new insured mortgages will have only a modest impact on Vancouver’s red-hot real estate market, observers say. The Department … [read more]
Comments Off on New Mortgage Rules Unlikely to Cool Vancouver’s Red-Hot Housing Market
December 12th, 2015
Canada is raising minimum down payments on some government-insured mortgages, a move aimed at curbing the risk of a housing crash in Toronto and Vancouver where high prices are leaving … [read more]
Comments Off on Canada Tightens Mortgage Rules to Help Cool Blistering Toronto, Vancouver Housing Markets
December 10th, 2015
New rules on larger down payments would barely impact consumers outside of Vancouver and Toronto, according to one of country’s largest real estate companies. Re/Max said in its own surveys … [read more]
Comments Off on Hiking Mortgage Down Payments Makes Sense for Most Homeowners
December 5th, 2015
Speculation is rife among Canada’s mortgage brokers that the Department of Finance is going to make changes to the existing minimum down payment requirements for buying a home in Canada. … [read more]
Comments Off on Canada Could Get a Sliding Scale for Home Down Payments
December 4th, 2015
Canada’s Finance Minister Bill Morneau faces a delicate decision on housing as his own officials push for tighter mortgage rules to cool Toronto and Vancouver real estate. The finance department … [read more]
Comments Off on Canada Faces House-Price Dilemma in Push to Tighten Mortgages
November 25th, 2015
Mortgage rates are on the rise in Canada, a trend that could cool the housing market even as the economy struggles to recover from the effects of low oil prices. … [read more]
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November 19th, 2015
Buying a house entails a ton of work. It is a serious commitment that merits a great deal of planning and preparation to ensure that all aspects are precisely what, … [read more]
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