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

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News

Lessons From the 2018 Digital Mortgage Conference – Part I + MORE Sep 21st

“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 wil.... More »

CIBC kicks off bank earnings week with 25% profit rise May 24th

The Canadian Imperial Bank of Commerce's latest quarterly earnings beat market expectations with a double-digit profit bump on strong earnings south of the border and at home, despite slowing domestic mortgage growth..... More »
 home equity

Report: New Mortgage Stress Test Cutting 18% of Home Buyers Out of the Market Aug 7th

According to a new report by the Mortgage Professionals of Canada (MPC), new stricter mortgage rules are leaving 18 per cent of home buyers out of the market. The MPC report found that while many Canadian home buyers could afford to make monthly payments at the bank’s contract rate, the higher ba.... More »
 mortgage buyout

Mortgage risks fading thanks to higher rates, tougher rules, says Bank of Canada report Nov 15th

The lofty levels of household debt has been a key concern for the Bank of Canada as it gradually raises its trend-setting interest rate, which it has already hiked five times since the summer of 2017..... More »

Average cost to rent condo in GTA hits $2,206, up by $214 in past year + MORE Apr 12th

The average cost to rent a condominium in the Greater Toronto Area has risen by almost 11 per cent in the past year, partly because tougher mortgage rules have shut out new buyers and flooded the market with renters, a new report by research firm Urbanation says..... 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…

Continue Reading On canadamortgagenews.ca »

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!
WHAT’S REIN ALL ABOUT?
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…

Continue Reading On canadamortgagenews.ca »

Share

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