Housing slump? Recession? Not so fast… Nov 24th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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DLC Takeover Bid Collapses Dec 21st

Unexpected drama is unfolding with one of Canada’s leading mortgage brokerages. Back in September we reported how DLC was making a play to retake control of itself from Founders Advantage Capital Corp (FA). The deal was to lead to increased investments in broker technology and new acquisitions of .... More »

2018 – Year in Review Jan 2nd

We’re about to turn the page on 2018, and many may feel not a moment too soon. Climbing fixed rates weren’t the only thing making mortgages less accessible in 2018. This was the first full year to measure the impacts of new federal mortgage rules. Provincial policies in B.C. and Ontario also.... More »
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What Happened to Canadian Real Estate This Year and What to Expect in 2019 + MORE Dec 24th

Whereas 2017 was the all-encompassing epitome of red-hot real estate markets across the country, 2018 started off on a quieter note. The year kicked off with a decline in sales, as changes to the Residential Mortgage Underwriting Practices and Procedures (referred to as B20) introduced by the Offic.... More »

Kerzner: Your Involvement is Vital to the Mortgage Industry Dec 6th

We are all learners; as parents, as students, as leaders, as employees. An important part of learning, for me, is reflection. We can only really grow and improve when we take a good, hard look at what’s working and what’s not.  My time has ended as Director of Ontario, and Executive Member of t.... More »

Morneau not considering extending mortgage stress test to cover more lenders + MORE Jan 29th

Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders..... More »

Housing slump? Recession? Not so fast…

– canadamortgagenews.ca

Housing slump? Recession? Not so fast…
Remember all those pessimists who were calling for a housing bubble or collapse?
If you listened to them and rented for the past eight years, how much would you have lost? How much would your rent have increased since then? And would you still be able to rent that condo or house… or would your landlord possibly have plans to sell it and leave you out in the cold?
We used to expect an economic slowdown or recession every five years. But something happened after the last big recession in 1990. Since then, there has really only been one recession: in 2009.
This came off the heels of the infamous US subprime mortgage crisis that crippled most of the world’s economies for years. Yet, in Canada, we got off relatively easy. Our slowdown lasted less than a year.

Some want to give credit to our strong banking system or strict government regulations. But the truth is, we are – and have always been – around five years behind the US. The truth is, we only started to try out those subprime mortgages when the sky fell on the global financial markets in 2009…

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