Ontario Housing Market: Increased Opportunity for Investors! + MORE Apr 6th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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Moving this summer? Don’t overlook these costs Jun 20th

There’s more to a real estate transaction than a mortgage..... More »

Packing Less Punch: Millennials’ Home Purchasing Power Drops by $40K due to New Stress Test Rules + MORE May 6th

Millennials looking to purchase new property across Canada this year are going to have to settle for less. The average peak millennial’s purchasing power in Canada is 16.5 per cent lower than it was at this time last year, meaning they qualify for a mortgage of about $40,000 less than before. The.... More »

Q2 2018 Bank Earnings – Mortgage Morsels Jun 8th

The majority of Canada’s Big Six banks beat expectations for second-quarter earnings, despite slowing real estate activity and tighter lending rules for uninsured mortgages. Both RBC and Scotiabank posted 6% year-over-year increases in their residential mortgage portfolios, although the other .... More »
 mortgage buyout

Record-Low Variable Rate Wars EXPIRE THURSDAY… Don’t miss out! + MORE May 30th

The incredible variable rate wars we’re seeing this month are about to come to a close! It would be a shame to miss out on these savings! And, while there is a possibility that they’ll extend into June, I wouldn’t risk it – deep savings like these don’t come around eve.... More »
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Banks cutting variable mortgage rates to drum up business even as fixed rates rise + MORE May 18th

A number of Canadian lenders have slashed their variable mortgage rates in recent days, even as some of those same lenders are raising their fixed-rate mortgages..... More »
Ontario Housing Market: Increased Opportunity for Investors!
Rental vacancies are ridiculously low and demand for rental units is high… and growing!
That’s just a sampling of the opportunistic real estate investment news Ted Tsiakopoulos, CMHC’s Regional Economist for Ontario, shared recently at the Canadian Mortgage Brokers’ Association (CMBA) of Ontario annual conference.
Here are other main takeaways:

Strong 2017 economy helped ease imbalances
Sales and new home starts expected to slow
Prices to grow moderately
Eastern & Western Ontario will outperform Southern Ontario
Mortgage delinquencies remain at record lows – much lower than credit card or car loan debt

There was so much data that I can’t cover it all here. Thanks to Ted for providing this extensive info!
Can you say, Opportunity?
Increased investor demand is presenting an opportune time to examine rental property options. Look, buying a rental property has always been considered a sound investment, provided you go into it with the right expectations and a solid game plan…

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Darryl Sittler made his fortune in Real Estate… not Hockey!
A few years back, I had the privilege of hearing one of my childhood idols – former Toronto Maple Leafs captain, Darryl Sittler – speak at a Real Estate Investment Network (REIN) meeting.
In case you haven’t heard of REIN, let me share some details about this group of real estate investors that gets together to network and share valuable information affecting real estate in Canada. The leader of the group is Don Campbell. His approach to buying investment properties has proven to be very sound and profitable. In fact, his “Top 10 Best Cities to Invest” lists are legendary!
I first heard of Don Campbell years ago through an associate Mortgage Broker who needed some help servicing her clients while she was on vacation. Usually, when someone calls with the intent of buying a rental property, there’s a learning curve. Buying a rental property is very different than buying a principal residence. So, I was prepared to coach and guide this client through the usual learning curve process…

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