Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
How To Navigate Today’s Economy Oct 17th
Rumour has it the worst is yet to come. On October 26th, Bank of Canada Governor Tiff Macklem will very likely increase rates by another 0.50%. Not only will this push the bank prime rate up to 5.95% – it could lead to the average 5-year fixed rate mortgage well above 6.00%. What a mess. As I .... More »
CMHC forecasts moderation in Canadian housing market + MORE Feb 9th
OTTAWA – The Canada Mortgage and Housing Corp. says it expects housing starts in 2015 will dip slightly compared with last year, but remain broadly in line with economic and demographic trends.
The federal housing agency says housing starts are expected to decline by 1.0 per cent in 2015 compared .... More »
The $13 Billion Question: Will Ottawa’s “Build Canada Homes” Fix Our Broken Housing Market, or Just Build More Problems? + MORE Sep 28th
Another week, another blockbuster announcement from Ottawa aimed at solving our national housing crisis. This time, it’s a shiny new federal agency dubbed “Build Canada Homes,” launched with a cool $13 billion of your money. The promise? To slice through the red tape, leverage public lands, an.... More »
Let's Throw a Patent-Burning Party Oct 1st
When a drug goes generic, it’s as if society has paid off a mortgage..... More »
Mortgage Career: Mortgage Professionals Canada Aug 5th
Company: Mortgage Professionals Canada Position: Manager, Marketing Location: Toronto, Ontario Apply to: Click here Manager, Marketing About Us Established in 1994, Mortgage Professionals Canada is the national mortgage broker industry association representing the largest and most respected network .... More »
December Debt Worries
– ratesupermarket.ca
Just in time for the holidays… two debt reports are out with some not-so-cheery news for Canada’s economy. Not only are we carrying way too much consumer and mortgage debt, but our biggest assets (namely our homes) aren’t worth as much as we think they are.
What’s to make of this economic doom and gloom? Read on for our Mortgage Debt Spotlight and see how you could be affected as a consumer.
Canadian Housing Market Could Be 30% Overvalued: Bank of Canada
Some dire news from Canada’s central bank – national housing prices could be overvalued between 10 and 30 per cent. The Bank of Canada warns this, combined with Canada’s high debt levels, could lead to “severe” price corrections and economic fallout – but the chances of that occurring are low.
Here’s what you should know about the BoC’s latest report.
Read Penelope’s Blog | Canadian Housing Market Could Be 30% Overvalued
Yikes! Canadians Owe $1.5 Trillion
The latest national debt numbers are in… and they ain’t pretty…
New 2nd mortgage options at 3.50% with no legal fee or appraisal fee!
– canadamortgagenews.ca
We recently came across a lender that is offering an unheard of offer. Secured lines of credit in 2nd position at Prime plus 0.50%. That’s 3.50% today! We haven’t seen this sort of offer in quite a while for 2nd mortgages. Here’s the qualifying details: you have to have good credit you need […]
More Bad News for Small Lenders
– canadianmortgagetrends.com
Since 2008, the Finance Department has announced one mortgage restriction after another, largely in an effort to wean lenders from government support. And just when you think there’s no more regulations to come, they tighten further. The latest such measure came last week. On December 1, CMHC announced hefty fee hikes for guaranteeing mortgage-backed securities […]
