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Mortgage Pre-Approval: How to Improve Your Credit Score + MORE Jul 5th
Are you interested in learning about the mortgage pre-approval process? Or, do you want to learn how to improve your credit score? One of the biggest steps you’ll take in life is buying a home. And, while you might want to go and pick out your dream home first, this is a mistake. You need to get .... More »
How not to overspend on your next car Apr 19th
Car-buying case study: Melissa and Dave
A car is the second-largest purchase you’ll ever make in your life, and you’re likely to make it many times over. Yet, unlike the home-buying process where you might have the professional assistance of a Realtor, mortgage broker, lawyer, and Certified Fina.... More »
The latest in mortgage news: BC government unveils details of its proposed home-flipping tax + MORE Feb 27th
The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week's budget..... More »
The Latest COVID-19 Mortgage Developments: Rates on the Rise + MORE Mar 23rd
Mortgage Rates Rising Rapidly Canada’s Real Estate Market Faces Uncertainty Call to End to Open Houses Mortgage Payment Deferral Challenges Filogix’s Expert Victim of Ransomware Attack Mortgage Rates on the Rise Banks and other mortgage lenders have been frantically raising rates since last week.... More »
Brokers react to the government’s “nonsense” mortgage charter + MORE Dec 1st
The Liberal government last week unveiled a "new" Canadian Mortgage Charter aimed at ensuring lenders offer relief to mortgage borrowers who are struggling to make their payments..... More »
Auto sales to dip in most provinces, led by Ontario’s 3.1% drop: Scotiabank
– canadianbusiness.com
TORONTO _ Canadian sales of cars and light trucks this year are expected to dip from last year’s all-time high, mostly because of weaker economic conditions in Ontario, Scotiabank said Friday in a report.
The bank’s automotive outlook projected that 2018 could end a five-year string of successive records that included 2.04 million vehicles sold in 2017 _ largely fuelled by demand in Ontario as well as a revival in Prairie provinces last year as they overcame the oil-price crisis.
Scotiabank doesn’t forecast much of a pullback this year _ about 40,000 vehicles.
But the bank expects Ontario _ which has been the major driver behind recent growth _ will put the brakes to Canadian auto sales this year, accounting for about two-thirds of the national sales decline.
Ontario’s purchases will “ease off” partly because a softer real estate market in the province will erode use of home equity loans to purchase vehicles, Scotiabank economist Carlos Gomes said in an interview…
The bank’s automotive outlook projected that 2018 could end a five-year string of successive records that included 2.04 million vehicles sold in 2017 _ largely fuelled by demand in Ontario as well as a revival in Prairie provinces last year as they overcame the oil-price crisis.
Scotiabank doesn’t forecast much of a pullback this year _ about 40,000 vehicles.
But the bank expects Ontario _ which has been the major driver behind recent growth _ will put the brakes to Canadian auto sales this year, accounting for about two-thirds of the national sales decline.
Ontario’s purchases will “ease off” partly because a softer real estate market in the province will erode use of home equity loans to purchase vehicles, Scotiabank economist Carlos Gomes said in an interview…
