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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Latest in Mortgage News: Canadians Say Low Interest Rates to Blame for High Home Prices Sep 5th
More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest rates are to blame. A full 8 out of 10 people say low borrowing costs are to blame for the recent run-up in home prices, according to .... More »
Top Performers: Conrad Neufeldt + MORE Sep 19th
By Vanessa Chris, Special to CMT “How likely would you be to recommend me to a friend?” That’s the question Conrad Neufeldt asks every one of his clients after a mortgage transaction is complete. He asks them to rank their likelihood of a referral on a scale of one to ten, where ten is “ver.... More »
Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 12th
When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
Mortgage market braces for impact as one million renewals loom and defaults climb + MORE Mar 16th
Canada’s mortgage market is rebounding, with new originations up 39% year-over-year, according to Equifax’s latest Q4 Consumer Trends report..... More »
Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in Interest + MORE Nov 13th
Fixed mortgage rates have been climbing steadily since September. But by how much at what cost for new homebuyers?.... 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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