Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Is this the right time to be buying a house? + MORE Jan 5th
Q: Our lease is up in six months and, with a down payment saved, we want to buy our first house. But we’re worried about a housing market poised to crash. What should we do?
—Erika, Toronto
A: In 2016, CMHC identified that as many as 15 of the largest housing markets in Canada were overvalued.... More »
Lauren van den Berg named new MPC CEO + MORE Aug 12th
Mortgage Professionals Canada announced today that Lauren van den Berg will take over as President and CEO of the association starting next month. Van den Berg will fill the position left vacant by former MPC CEO Paul Taylor. The change in leadership comes as the association recently achieved the mi.... More »
Lender Insights from the 2018 National Mortgage Conference Nov 3rd
Mortgage professionals from across Canada descended on Montreal last weekend for the annual National Mortgage Conference. Hosted by Mortgage Professionals Canada, the annual gathering was once again well attended, with about 1,200 participants and 60+ exhibitors at the Exhibitor Expo. The two-day ev.... More »
Mortgage rule changes are cooling housing market: Morneau + MORE Aug 23rd
Despite a report urging Ottawa to look at ways of boosting support for first time buyers, the Finance Minister ruled out any new measures along those lines
.... More »
Opinion: When competition crosses a line in mortgage brokering Oct 16th
Every so often, a situation comes along that reminds us of a darker side of mortgage brokering. Most of the time, competition is healthy. But sometimes, it crosses a line; not legally, but ethically..... More »
Pending sales of US homes fell 1.1 per cent in June; pace remains slower than in 2013
– canadianbusiness.com
WASHINGTON – Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.
The National Association of Realtors says its seasonally adjusted pending home sales index slipped 1.1 per cent to 102.7 last month. The index remains 7.3 per cent below its level a year ago.
Sales have been slowed by a mix of meagre wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale.
Signed contracts in June fell in the Northeast and South. They rose slightly in the Midwest and West. Pending sales in all four U.S. regions are below last year’s pace.
The post Pending sales of US homes fell 1.1 per cent in June; pace remains slower than in 2013 appeared first on Canadian Business.
The National Association of Realtors says its seasonally adjusted pending home sales index slipped 1.1 per cent to 102.7 last month. The index remains 7.3 per cent below its level a year ago.
Sales have been slowed by a mix of meagre wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale.
Signed contracts in June fell in the Northeast and South. They rose slightly in the Midwest and West. Pending sales in all four U.S. regions are below last year’s pace.
The post Pending sales of US homes fell 1.1 per cent in June; pace remains slower than in 2013 appeared first on Canadian Business.
A DIY Leveraged Investing Option
– canadianmortgagetrends.com
Almost three years after Fraser Smith passed on, the financial technique he popularized (the Smith Manoeuvre) is still actively used. One of the most common questions prospective Smith Manoeuvre users have is, “What is the best mortgage to do it with?” That answer hinges on where you trade, the mortgage rate and terms you receive, […]
Taking action to pay down your mortgage faster is one of those boilerplate suggestions that financial advisers love to make to their clients. So why isn’t everyone doing that?
