B.C. home sales struggle in May as mortgage rates rise and labour market stays weak + MORE Jun 14th

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.
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House rich, cash poor: When a reverse mortgage might make sense Jul 14th

Reverse mortgages were at one time considered the Wild West of financial products, associated with aggressive and even predatory sales tactics targeting seniors in the United States. .... More »
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Haventree Bank launches direct-to-consumer digital bank + MORE Jul 8th

The Schedule 1 bank is rolling out a new consumer deposit platform, marking a major move beyond broker-distributed mortgages and brokered deposits after more than three decades in the alternative lending space..... More »
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Many mortgage holders have little room for higher payments: MPC + MORE Jun 26th

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CMHC reports annual pace of housing starts down in May compared with April Jun 17th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May fell 6% compared with April..... More »
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The bond risk many investors overlook Jul 5th

When you buy a bond, there’s a chance the borrower might not be able to pay you back, but bonds also carry a different kind of risk. Duration, or interest rate risk, is related to a bond’s sensitivity to changes in interest rates.  When interest rates go up, you won’t be able .... More »
Mortgage borrowing slows as household debt burden keeps risingCanadians added mortgage debt at the slowest pace in two years in the first quarter, even as overall household leverage and debt payments continued to climb, new Statistics Canada data shows.

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B.C. home sales struggle in May as mortgage rates rise and labour market stays weakRising mortgage rates and a weaker labour market are weighing on home sales in British Columbia, especially in the Lower Mainland. 

Continue Reading On canadianmortgagetrends.com »

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