B2B Bank + MORE Aug 15th

TORONTO – A new report from the Canada Mortgage and Housing Corporation says Toronto, Regina and Winnipeg face a high risk of a housing correction due to a combination of factors including overvalued home prices.
The CMHC report says a rapid increase in home prices this year and overvaluation are responsible for the high level of risk in Toronto.
Back in April, the national housing agency had pegged Toronto as having only a moderate risk of a correction.
CMHC also says Winnipeg faces a high level of risk due to overvalued home prices and overbuilding.
In Regina, rapid price growth, overvaluation and overbuilding, especially of condo units, are responsible for the high risk rating.
Should I buy a house now? »

CMHC says housing market risk in Vancouver, one of the country’s priciest real estate markets, is low, as none of the individual risk factors that the agency examines are present.
CMHC’s house price analysis and assessment aims to identify potential risks in Canadian real estate by evaluating economic, financial and demographic factors…

We may have entered the dog days of summer, but Canadian home buyers are anything but lazy. Demand has driven skyrocketing housing prices in our nation’s urban centres – and now, a new renovation tax credit promise from the Conservatives could further fuel the real estate fire.
Just how tough is it for new buyers to break into the market? Our recent study finds 84% of millennials feel housing is less affordable today than in decades past. Read on for the full story.
INFOGRAPHIC: This Is Not Your Mother’s Mortgage
Do first-time home buyers really have a tougher time in today’s housing market? Millennials, facing million-dollar price tags, would definitely agree – only 46% said they could afford a house in their region, according to our Not Your Mother’s Mortgage poll. Check out our infographic – and see how you could be one of our weekly $100 gift card winners!
Read Penelope’s Blog | This Isn’t Your Mother’s Mortgage
Churning Credit Cards: The Pros and Cons
Looking to earn rewards in a hurry? The practice of churning credit cards – signing up for cards to score big signup bonuses, and then cancelling before the annual fee kicks in – can be an effective way to get free flights, groceries, and other goodies…

Company: B2B Bank Position: Business Development Manager (x2) Location: Vancouver, BC; Halifax, NS Business Development Manager (x2) NOTE:  These roles are based in: Suburban Vancouver, British Columbia and will support Interior British Columbia; and Halifax, Nova Scotia and will support Atlantic Canada   Position Summary: The mandate of the role is to market B2B Bank Mortgages to all licensed Mortgage Brokers within an assigned territory. The incumbent will seek out new business opportunities and continue to build positive relationships with existing mortgage brokers to sell and promote B2B Bank mortgage products.   Responsibilities: Build and maintain positive business relationships with Mortgage Brokers READ MORE

RateSupermarket.ca panel’s outlook calls for no change to the fixed and variable cost of borrowing

It may be the dog days of summer, but there’s been plenty of activity on the monetary policy front. Economic unease fueled by the Chinese market crash and EU concerns have fed healthy appetite for Canadian bonds, keeping yields and fixed mortgage rates relatively unchanged and at record lows. And, with no Bank of Canada rate announcement slated this month, variable mortgage holders can count on unchanged monthly payments – for the time being.

Fixed Mortgage Rates: Unchanged
How long can today’s fixed-rate mortgage bargains last? Despite increased speculation that a U.S. Fed rate hike could occur as early as September, it’s not expected that Canada’s cost of borrowing will be impacted in the short term – great news for buyers looking to break into the market before back-to-school season.

Variable Mortgage Rates: Unchanged
Lackluster economic data spurred the Bank of Canada to slash its trend setting interest rates by 0…