Learn more about Canadian mortgage rates, rules and the latest news – read on!
When a drug goes generic, it’s as if society has paid off a mortgage..... More »
Though the real estate market is nowhere as hot as it was, let’s say, two years ago, the fact of the matter is that home prices are going down, and some people are still looking to buy. Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but i.... More »
I reviewed some recent stats that explain how overall mortgage growth has fallen to its lowest level in the past 17 years! Overall, mortgages outstanding across Canada total more than $1.5 trillion. And, while this total continues to increase year over year, the rate of growth has decreased. We sho.... More »
Jerry Brown and the Legislature refuse to honor a court order..... More »
The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing. Several of the Big Six banks have already adopted the policy, which requires applicants to prove they can afford the theoretical monthly HELOC payment based on the limit of that HEL.... More »
“If you don’t view yourself as a technology company that does mortgages, you’re missing it.”—Bill Emerson, Vice Chairman, Quicken Loans That quote encapsulated this week’s third annual Digital Mortgage Conference in Las Vegas. To compete in the next decade, brokers and lenders will have to provide consumers with the online experience they want in […]
Rising interest rates and tighter mortgage lending rules may dampen the Canadian housing market in the coming months by reducing affordability for prospective buyers. That’s the latest outlook from the Canadian Real Estate Association (CREA), which revised its fall housing forecast, saying now that sales will drop 9.8% and prices will soften 2.8% to $494,900. […]