Mortgage Market & MBS Nuggets + MORE Sep 22nd

Interested in learning more about property mortgages in Canada? Look no further!
Latest News

Understanding mortgage affordability Feb 18th

Let’s talk about mortgage affordability. We know that housing affordability is getting further out of reach for many Canadians. But, what determines mortgage affordability? How is it calculated by financial institutions and lenders? And what hidden costs should potential home buyers fact.... More »
 Canada mortgage

If You're Priced Out Of Canada's Hot Housing Market - Stay Out + MORE May 6th

By Lydia McNutt With steadily decreasing housing affordability -- according to popular opinion, as well as official sources like RBC Economics and Canada Mortgage and Housing Corp. (CMHC) -- there's no shortage of tips out there on how to save up for a home. Hopeful homebuyers find themselves th.... More »
mortgage

Latest in Mortgage News: 4 in 10 Buyers Open to Purchasing a Home “Virtually” + MORE Jun 13th

Social distancing restrictions in place for the past few months have transformed the way homes are bought and sold, with many showings now taking place “virtually.” And many homebuyers—42%, to be exact—are just fine with that, according to a recent survey by the Ontario Real Estate A.... More »
 home equity

Are Toronto House Prices Headed Back to 2016 Levels? + MORE Feb 13th

Concern is growing that Canada’s largest housing market may be about to experience a new round of froth, similar to that seen in 2016. Back then, red-hot housing markets in the Greater Vancouver and Toronto Areas ultimately forced the federal government to introduce the 2016 and 2018 mortgage stre.... More »
mortgage

Should you get a fixed-rate or variable mortgage? In these strange times, fixed has a rare edge Nov 23rd

With rates this low, the usual advantages of renewing with a variable mortgage are diminished or gone, writes David Aston..... More »

Mortgage Market & MBS Nuggets

– canadianmortgagetrends.com

Bank of America Merrill Lynch put out a fantastic primer on mortgage-backed securities (MBS) last week. Here’s a small sampling of its notable factoids: ******* Securitization versus the U.S. Risky mortgage securitization was blamed for feeding the U.S. housing crisis. In comparison, not only is Canadian MBS regulated far more rigidly than that toxic American MBS of old, but our overall securitization share of mortgage finance remains well below U.S. levels (although the gap is narrowing). MBS Outstanding There are $440 billion of outstanding NHA MBS in Canada, all fully guaranteed by our government. NHA MBS benefits from Canada being one of only 10 countries in READ MORE

Continue Reading On canadianmortgagetrends.com »

How to Improve Your Credit Score – Student Edition
Welcome to our brand new monthly MoneyWise  series, “How to Improve your Credit Score”. Over the next year, Amanda Reaume is sharing her tips and tricks to bump up your credit score and adopt life long solid credit habits. To begin, we’re discussing how to achieve a higher credit rating as a student.
September is in full swing and if you’re a university or college student, then you’re probably comfortably settling into your routine and dorm room. As you buy books, begin assignments and make new friends, the last thing you’re likely thinking about is your credit.
But even at this stage of life, it’s critical that you start planning for your future. That means making smart credit decisions now that will pay off later in life, saving you up to tens of thousands of dollars. Adopting solid habits while you’re a student can lead to lower interest rates when borrowing money for large purchases such as car loans or mortgages. You might even be able to refinance your student loans after you graduate and pay a much lower interest rate…

Continue Reading On ratesupermarket.ca »

Canadian Household Debt Hits New Record High
Canadian debt-to-disposal income ratios are at an all-time high, according to the latest numbers released by Statistics Canada. The ratio was 167.2 per cent in the second quarter of this year, up from 165.2 per cent in the first three months of the year – and we can thank our housing prices for that. With interest rates remaining at record lows, Canadians continue to feel comfortable borrowing more to get into their dream house.
But are we seeing the full story when it comes to debt in Canada? At first glance, it may seem Canadian debt levels are out of control, but when this debt is compared to the value of assets that Canadians are holding, the numbers aren’t as scary. Yes, we are borrowing more, but our real estate values are also rising. This means our debt-to-asset ratios have remained virtually the same – sitting at about 16.9 per cent – since the early 1990s.
Here is what we’re hearing from Statistics Canada:
We are Borrowing More
There is no doubt that mortgage loans make up the lion’s share of Canadians’ debt…

Continue Reading On ratesupermarket.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!