Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
From Mortgage Broker to Mayor Dec 12th
Saying that 43-year old mortgage broker Corinna Smith-Gatcke leads a busy life would be an understatement. She’s a wife, mother of two 9- and 12-year-old boys, one of Mortgage Advisor’s most successful agents with 110 closed transactions last year and three offices in Brockville, Kingston and Ke.... More »
Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99% + MORE Mar 10th
Following dramatic swings in the bond market—and broader economic uncertainty sparked by President Donald Trump’s tariff threats—three of Canada’s big banks have slashed their fixed mortgage rates this week..... More »
Latest in Mortgage News: Toronto and Vancouver Home Sales Surge in September Oct 8th
The fall was supposed to herald in a period of more subdued housing activity and home price growth. But preliminary September data for the Greater Toronto and Vancouver areas tells a very different story. In the GTA, home sales reached a new record of 11,083, representing a 42.3% gain compared to Se.... More »
Is the Gov’t Stalling on Your Tax Return? Here’s How I Handled it! + MORE Sep 28th
Did you file your 2017 taxes on time, yet your NOA is MIA? If so, you’re not alone!
I’ve had this happen with a few of my clients… as well as with my own tax return! That’s right! My accountant filed my personal tax return in April… and for months, I didn’t receive my NOA. Every tim.... More »
Splitting condo ownership fairly with your partner Jan 11th
Q: My girlfriend of three years and I are moving in together in the new year, once I close my condo sale. We both agree about my going on title, and I am hoping to also pay down some of her outstanding mortgage with some of my proceeds, and together we would also be splitting the mortgage payment.... More »
House hunting regrets
– moneysense.ca
Ready to buy your new home? Got a list? Or do you know someone who is about to embark on their own house hunting expedition? If so, you’ll probably be surprised to learn that 80% of first-time homebuyers would actually opt for a do-over (if they had the chance).
According to a survey by U.S. mortgage resource site, HSH.com, the majority of home buyers have at least one major regret about their new home. (Only 20% were thoroughly happy with their home purchase and have no regrets.)
Among the most common regrets:
→ 25%of homebuyers wished they had researched their new neighbourhood or neighbours
→ 22% wished they’d researched home insurance costs
→ More than 20% wished they’d researched property taxes
→ 16% said their home was too small
→ 14% wished they’d researched local schools
→ 9% said their home didn’t have enough storage or closet space
→ 3% said their home was too big
Other gripes included: not being happy with neighbours or the school system or feeling their home had too few bathrooms, too-small a yard, or not enough natural light…
According to a survey by U.S. mortgage resource site, HSH.com, the majority of home buyers have at least one major regret about their new home. (Only 20% were thoroughly happy with their home purchase and have no regrets.)
Among the most common regrets:
→ 25%of homebuyers wished they had researched their new neighbourhood or neighbours
→ 22% wished they’d researched home insurance costs
→ More than 20% wished they’d researched property taxes
→ 16% said their home was too small
→ 14% wished they’d researched local schools
→ 9% said their home didn’t have enough storage or closet space
→ 3% said their home was too big
Other gripes included: not being happy with neighbours or the school system or feeling their home had too few bathrooms, too-small a yard, or not enough natural light…
CMHC expects housing market to moderate
– macleans.ca
Photo illustration by Lauren Cattermole and Richard ReddittCanada Mortgage and Housing Corp. expects the country’s housing markets to moderate over the next two years.
CMHC chief economist Bob Dugan says the gains in provinces like Ontario and B.C. have offset the slowdown in oil-producing provinces like Alberta.
However, that counterbalancing is expected to decrease over time.
CMHC expects housing starts and sales through the Multiple Listing Service system to slow in 2016 and 2017.
House price growth is also expected to slow down.
Canada’s housing market has been helped by low interest rates in recent years.
The post CMHC expects housing market to moderate appeared first on Macleans.ca.
Explicit Compensation Disclosure – Part II
– canadianmortgagetrends.com
It’s shaping up as one of the most pivotal and contentious regulatory issues ever faced by mortgage brokers in B.C. As noted in yesterday’s story, the B.C. broker regulator (FICOM) is proposing a change that would require mortgage brokers to communicate (to the dollar) the exact amount of compensation and perks lenders give them. That includes finders’ fees, volume bonuses, efficiency bonuses, lender “points,” free travel and other rewards. FICOM believes that consumers need to know how much these items are worth in order to judge the value of, and motivations behind, a mortgage broker’s services. We have no reason to believe READ MORE
Canada's Housing Market To Cool In The Next Two Years: CMHC
– walletpop.ca
OTTAWA — Canada Mortgage and Housing Corp. expects the country’s housing markets to moderate over the next two years.
CMHC chief economist Bob Dugan says the gains in provinces like Ontario and B.C. have offset the slowdown in oil-producing provinces like Alberta.
However, that counterbalancing is expected to decrease over time.
CMHC expects housing starts and sales through the Multiple Listing Service system to slow in 2016 and 2017.
House price growth is also expected to slow down.
Canada’s housing market has been helped by low interest rates in recent years.
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