Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Canadian real estate market outlook 2015 + MORE Jan 13th
Buy a house. Don’t buy a house. Soft landing. Crash landing. As we start the new year, the question on everyone’s mind is: What can we expect from Canada’s housing market?
Once again, experts agree that housing affordability is stretched, historically low interest rates will rise, and housing .... More »
Merix Rolls Out NPX + MORE Feb 6th
Remember when McDonald’s was only open for lunch and dinner? Neither do I, but prior to the seventies it didn’t serve breakfast. Then a guy named Herb Peterson decided to utilize the golden arches’ existing infrastructure, come up with a passable product (Egg McMuffin) and leverage the cha.... More »
Lender Calls – Q3 Roundup + MORE Dec 21st
Canada’s biggest non-bank lenders have all reported third-quarter earnings. In their earnings calls they outlined how they’re coping with Ottawa’s recent changes to the mortgage qualification and insurance rules. Per usual, we’ve combed through their transcripts in order to se.... More »
Bank CEOs weigh in on “vulnerable” mortgage clients + MORE Jan 12th
Canada's Big-Bank CEOs weighed this week in on the current state of their mortgage clients, including those they consider "vulnerable" in the event of a recession..... More »
Don’t Fear the Digital Future of the Mortgage Industry + MORE Dec 15th
There’s no denying the mortgage industry—like many others—is in the midst of a digital transformation. Depending on your perspective, that’s something that can either be feared or embraced as a new opportunity. The fear, of course, is that as the industry moves towards greater automa.... More »
Could Canada’s Housing Market Be Undervalued?
– ratesupermarket.ca
Canada’s housing market is trapped within a high-priced bubble, vulnerable to interest rates, global instability and rising debt: this is one of the most widely accepted truths regarding Canadian housing, touted by many a headline and economic pundit.
However, the idea that Canada’s market is a red-hot, debt-inducing buyer’s nightmare has been challenged by Will Dunning, chief economist at CAAMP and one of our expert Mortgage Rate Outlook Panelists. In his new paper “How To Dissect A Housing Bubble”, Dunning counters some of these commonly held ideas, and questions the data they’re based on.
The claim turning the most heads: Canada’s housing market isn’t overpriced at all… and may even be undervalued.
Here’s a look at Dunning’s main arguments – do they change YOUR thoughts on the cost of housing in Canada?
No Doubt About It… Housing Is Expensive
This isn’t to say that housing prices in our country aren’t steep, and getting worse; recently, the Canadian Real Estate Association found the average home price will total $397,000 this year, a 3…
Canadian Finance Minister Jim Flaherty resigns from cabinet
– moneysense.ca
TORONTO - Longtime Canadian Finance Minister Jim Flaherty has resigned from his cabinet position.
Flaherty, who has had the job since 2006, said Tuesday he is returning to the private sector.
He has battled a rare skin disease over the last year but he says his decision to leave politics is not related.
Prime Minister Stephen Harper’s Conservative government plans on entering an election next year with a budget surplus.
Canada’s commodity-rich economy avoided the worst of the 2008 financial crisis and has fared better than other nations. There was no mortgage meltdown or subprime crisis in Canada, and Canada’s banks are rated among the soundest in the world.
The post Canadian Finance Minister Jim Flaherty resigns from cabinet appeared first on MoneySense.
Flaherty, who has had the job since 2006, said Tuesday he is returning to the private sector.
He has battled a rare skin disease over the last year but he says his decision to leave politics is not related.
Prime Minister Stephen Harper’s Conservative government plans on entering an election next year with a budget surplus.
Canada’s commodity-rich economy avoided the worst of the 2008 financial crisis and has fared better than other nations. There was no mortgage meltdown or subprime crisis in Canada, and Canada’s banks are rated among the soundest in the world.
The post Canadian Finance Minister Jim Flaherty resigns from cabinet appeared first on MoneySense.
