Interested in learning more about property mortgages in Canada? Look no further!
Latest News
How much credit card debt does the average Canadian have? + MORE Jan 18th
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Rate hikes slow non-bank mortgage growth and fuel rise in arrears Apr 24th
Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies..... More »
For many homeowners 55+, the goal is no longer downsizing, but aging in place + MORE Jul 23rd
Here’s how mortgage brokers can support their needs..... More »
Mortgage expert alert: Will the Iran War and rising inflation offer a buying opportunity in 2026? + MORE Apr 9th
Escalating tensions in the Middle East have erupted into war between the US and Iran. Spiking oil prices from Strait of Hormuz blockages are already having an immediate, aggressive impact on your wallet, your household expenses, and crucially, your mortgage.
Historically, moments of extreme globa.... More »
Mortgage rates under 5%? They’re coming back as lenders slash fixed rates + MORE Dec 7th
For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option..... More »
B.C. home sales to fall as interest rates rise, but prices stay strong: BCREA
– canadianbusiness.com
VANCOUVER _ Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province’s 10-year average, although they warn rising interest rates could leave some B.C. households “vulnerable.”
The British Columbia Real Estate Association has released its 2018 first quarter housing forecast, showing residential sales are expected to fall 8.6 per cent to 94,855 units this year, with the decline continuing into 2019.
The projected skid follows the 7.5 per cent decrease recorded last year but the association says residential sales in B.C. are still well above the 10-year average of 84,800 units.
Strong employment growth, consumer confidence and more workers moving to B.C. are credited for the booming housing market over the last four years, including 2016, when a record 112,209 homes changed hands.
But the association predicts the pace of sales will cool due to several factors, including a five-year qualifying rate for a mortgage that is forecast to reach 5…
The British Columbia Real Estate Association has released its 2018 first quarter housing forecast, showing residential sales are expected to fall 8.6 per cent to 94,855 units this year, with the decline continuing into 2019.
The projected skid follows the 7.5 per cent decrease recorded last year but the association says residential sales in B.C. are still well above the 10-year average of 84,800 units.
Strong employment growth, consumer confidence and more workers moving to B.C. are credited for the booming housing market over the last four years, including 2016, when a record 112,209 homes changed hands.
But the association predicts the pace of sales will cool due to several factors, including a five-year qualifying rate for a mortgage that is forecast to reach 5…
Yes, you can still buy a home in Canada… Keeping the dream alive
– canadamortgagenews.ca
Canada’s a nation of immigrants. It truly is the land of opportunity. Chances are, your parents, grandparents or great grandparents came here from another country.
There are many reasons why people left their homeland. Some left by choice to pursue a better life. Others had to leave for safety reasons. Whatever the reason, most of us have a common goal: A better life.
Homeownership has always been an important part of that dream. We want to own something. We want to plant roots. There’s a pile of statistics to support this claim. In my 28 years in the financial services industry, I can attest to this claim.
Some interesting homeownership facts…
New Immigrants are considered good risks. They’ll do almost anything to ensure they pay their mortgages
In general, homeowners take better care of their homes than renters do thanks to the pride of ownership factor
Buying a home has always been considered good debt and a good investment
Interest rates are still in record-low territory (and expected to rise gradually…
Q1 2018 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
The first quarter bank earnings season has come and gone with little fanfare, at least on the mortgage front. Earnings reports showed generally subdued mortgage activity at BMO and TD, although TD’s HELOC portfolio grew a full 16% from last year. Meanwhile CIBC reported a 9% annual increase in its mortgage portfolio. Executives touched on […]
