Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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How much you need to earn to afford a home in Toronto and the GTA + MORE Oct 8th
Looking at the Toronto housing market through a lens of percentages, shifting sales numbers and interest rates may be the go-to method for industry insiders, but for many run-of-the-mill buyers, there’s really one thing that matters: “What kind of home can I afford?”
To help answer that que.... More »
Pattie Lovett-Reid: Let the borrowing begin – responsibly - CTV News + MORE Aug 24th
Pattie Lovett-Reid: Let the borrowing begin – responsibly CTV NewsCanadians with lowest credit scores led wave of pandemic credit card debt repayment Yahoo Canada FinanceThe pandemic has Canadians paying down non-mortgage debt at fastest pace since 1980s CBC.caCana.... More »
Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up + MORE Dec 18th
A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
Is it time to search for bond alternatives for your balanced portfolio? + MORE Oct 20th
I was recently warned by someone in the financial sector that it’s not a great time to invest in bond ETFs. My current asset allocation is 60% equities and 40% bonds, so I’m wondering what alternatives would you suggest for that 40% portion of my balanced portfolio?
At first I considered real.... More »
Canada’s best credit cards for people with bad credit 2021 + MORE Jun 4th
Conventional wisdom may lead you to believe that if you have bad credit, you should swear off credit cards. But if you want to improve your credit score, you’ll have to show you can handle credit responsibly—and the only way to do that is (you guessed it) to have a credit card. When used properl.... More »
Javelin Mortgage Investment posts 4Q profit of $5.2 million, result tops expectations
– canadianbusiness.com
VERO BEACH, Fla. (AP) _ Javelin Mortgage Investment Corp. (JMI) on Thursday reported fourth-quarter net income of $5.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Vero Beach, Florida-based company said it had profit of 44 cents. Earnings, adjusted for non-recurring gains, were 29 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The investor in mortgage-backed securities posted revenue of $5.9 million in the period.
For the year, the company reported that its loss narrowed to $290,000, or 2 cents per share. Revenue was reported as $25.4 million.
Javelin Mortgage shares have climbed 13 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.06, a fall of 21 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights…
On a per-share basis, the Vero Beach, Florida-based company said it had profit of 44 cents. Earnings, adjusted for non-recurring gains, were 29 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The investor in mortgage-backed securities posted revenue of $5.9 million in the period.
For the year, the company reported that its loss narrowed to $290,000, or 2 cents per share. Revenue was reported as $25.4 million.
Javelin Mortgage shares have climbed 13 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.06, a fall of 21 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights…
Mortgage Career: IC Savings
– canadianmortgagetrends.com
Company: IC Savings Position: Senior Mortgage Underwriter Location: Etobicoke, ON Send resume to: hr@icsavings.ca Senior Mortgage Underwriter Position Type: Full-time, 16 month contract (maternity leave replacement) Relevant Work Experience: 3+ years Education: College diploma, university degree in business, commerce or relevant mortgage underwriting experience combined with job related courses/education. Start Date: April 2016 Closing Date: Open until filled Corporate Profile IC Savings has been Ontario’s fastest-growing credit union since its inception 15 years ago. As a cooperatively owned community financial institution, our more than 13,000 members are at the centre of everything we do. With operating principles built on transparency, local READ MORE
Going big in a tiny space
– moneysense.ca
When she and her husband moved their family of four to Toronto last year, Tanya Frenette knew a small living space was in store: They had lived a cramped city life before, and in between had spent several years in Vancouver—hardly a mecca of mega-sized homes, either.Tanya admits her North Toronto apartment is compact: It spans some 850 square feet, which she shares with a 10-year-old daughter, four-and-a-half-year-old son and conspicuously tall husband she acknowledges “is not a small guy, but you make it work.”
For the Frenettes and hundreds of thousands of other Canadians—particularly younger households in the largest cities—living in tiny homes has become the new reality. “It’s a lifestyle. There’s no way on earth we want to have a mortgage that’s $600,000, it just doesn’t make sense,” she says. “So you force yourself to live small in your head as well.”
As the principal of the design-and-build firm Smallworks and a founding director of Small Housing BC, Jake Fry meets a steady stream of Vancouverites, just like the Frenettes, who are also making the deliberate choice to maximize their incomes by minimizing square footage…
