Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Making sense of the markets this week: July 14, 2024 Jul 14th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Are U.S. rate cuts on the way?
While Canada’s inflation rate is obviously at the forefront around decision making.... More »
How does credit card debt affect a mortgage application? Apr 7th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income, down payment amount and how much you owe—including credit card debt, car payments and unse.... More »
Mortgage Market & MBS Nuggets + MORE Sep 22nd
Bank of America Merrill Lynch put out a fantastic primer on mortgage-backed securities (MBS) last week. Here’s a small sampling of its notable factoids: ******* Securitization versus the U.S. Risky mortgage securitization was blamed for feeding the U.S. housing crisis. In comparison, not only is C.... More »
Three ways mortgage brokers can reassure concerned borrowers Feb 12th
Many mortgage brokers are fielding calls from clients concerned about rising interest rates and an uncertain economic outlook..... More »
Latest in Mortgage News: Canada’s Housing Market Not a Bubble…Yet: BMO Feb 15th
Despite concerns about ever-rising home prices, Canada's housing market still doesn't resemble a bubble, at least not yet..... More »
Jim Flaherty: In Memoriam Of the Former Finance Minister
– ratesupermarket.ca
Former Finance Minister Jim Flaherty passed away unexpectedly this Thursday, April 10, at the age of 64. His passing comes only eight weeks after his resignation from government, and marks the end of an era as he has been one of the most influential people behind Canada’s economic development.
“Canadians owe Jim Flaherty a great debt of gratitude as one of Canada’s longest serving and most successful Ministers of Finance, for it was under his wise and steady leadership during the worst recession since the Depression, that Canada escaped the far more devastating impact experienced by the US, UK and Europe,” says Dr. Ian Lee, who worked with Flaherty at the 2009 and 2010 Pre Budget Consultations.
We have written about Flaherty’s impact on the economy and mortgage market many times on Money Wise. Here, we pay our respects with a retrospective of his accomplishments and career as one of the longest-acting finance ministers in Canadian history.
A Lifetime of Service
A former MPP for Whitby-Ajax, Flaherty was first elected to public office in 2006 and held his post as Finance Minister until March 18 – the longest anyone has served in the position…
Watch “MortgageLetdown SteveGarganis” on YouTube
– canadamortgagenews.ca
MortgageLetdown SteveGarganis: https://youtu.be/nzuK3pG0Oyw Check out this short video message I call ‘Mortgage Letdown’. I’ll bet most of us can relate. Steve Garganis 416 224 0114 Steve@mortgagenow.ca
