Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
$22,500 savings by breaking mortgage and getting into today’s low rates! + MORE Mar 11th
A few weeks ago, I posted an article about one of my readers that had the potential to save $15,000 by breaking the mortgage and getting into a new 5 year fixed rate. This was a net savings. The actual savings was just over $20,000 less the penalty of $5,000. This week, we had […].... More »
Taking on a “Fraction” of the Cost; Vancouver Start-Up Promises a Better Incentive for Home Buyers than CMHC + MORE Apr 2nd
An incentive for first-time home buyers offered through the Canadian Mortgage Housing Corporation (CMHC) was only announced a week ago, promising to provide $1.25 billion over three years to help lower mortgage costs for eligible Canadians.
However, a new company is now also promising to provide an.... More »
Overvaluation in 11 housing markets in Canada: CMHC + MORE Nov 1st
TORONTO – Canada Mortgage and Housing Corp. says it has detected overvaluation in 11 housing markets, with other concerns flagged in Toronto, Winnipeg, Saskatoon and Regina.
A new CMHC report released today says acceleration in home prices and overvaluation — which occurs when prices aren’t su.... More »
CIBC’s Tal: “This is not a meltdown,” but expect short-term pain + MORE Oct 23rd
Despite softening origination activity, mortgage professionals should welcome the current "reset" to healthier market conditions..... More »
Garage and basement renovations for any budget + MORE Dec 12th
(Genuwine Cellars)
Basement renovation ideas
According to Statistics Canada, basement renos are popular, what with adult children moving back in and the desire for young families to create a mortgage-helper rental suite.
But below-grade upgrades don’t come cheap. For basic finishes, without a bath.... More »
Flaherty in Closing
– canadianmortgagetrends.com
Since 2008 Finance MinisterJim Flaherty has dealt the mortgage business plenty of pain for promised long-term gain. So when news broke Tuesday that he quit, a wave of relief spread…
The New Mortgage Truth?
– ratesupermarket.ca
Are you planning to buy a home this spring? If you’ve been saving for homeownership, especially in one of Canada’s hot urban markets, you’ve likely felt the pinch and panic of rapidly rising home prices. Not only do the latest numbers from CREA find that prices are steadily rising each month, but our RSM pollers unanimously decreed Canadian real estate to be a rip off.
However, a new study has the industry buzzing, as a prominent economist finds the opposite may be true. Read on for our breakdown, along with the week’s top headlines.
Could Canada’s Housing Market Be Undervalued?
Canada’s housing market is too expensive – at least, according to most buyers! Many economists also share the opinion that home prices are too inflated for their own good, and pose a risk to our overall economy.
A new study by CAAMP economist Will Dunning, however, challenges many of these widely accepted beliefs, calling the data into question. Read on for his top arguments.
Read Penelope’s Blog | Could Canada’s Housing Market Be Undervalued?
Debit Fraud – A $38…
