Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Scotiabank not worried about its floating-rate portfolio Jun 28th
With variable rates rising by the month—and more hikes anticipated—observers are keeping a careful watch on adjustable-rate mortgages..... More »
Investors Who Made Cash Off U.S. Housing Collapse Now Betting Against Canada: Reports + MORE Jun 24th
Crash could come in autumn, when U.S. expected to raise rates
Vancouver expected to be epicentre
Similar bets against Canada made in 2013, no collapse followed
When it comes to Canada’s housing markets, there’s a big difference between how Canadians perceive things and how the rest of t.... More »
Ottawa's housing market stable according to CMHC, national outlook less certain + MORE Oct 28th
Canada’s housing market watchdog sounded alarm bells about the price of housing in several markets across the country Wednesday, claiming that overvaluation and overbuilding in markets like Toronto and Vancouver are finally showing cause for concern. Canada Mortgage and Housing Corporation (CM.... More »
Insights from the 2017 National Mortgage Conference + MORE Dec 3rd
Another national mortgage conference has come and gone, but many will remember this year’s instalment as nothing short of a success. More than 1,200 mortgage professionals from across the country descended upon Niagara Falls for Mortgage Professionals Canada’s annual National Mortgage Conference.... More »
Canadians Slow to Automate Financial Services + MORE Feb 1st
People are increasingly open to purely automated banking and investment services. But Canadians also lag the world in robo-advice acceptance, finds a recent survey. Accenture Financial Service’s 2017 consumer study reveals that 6 in 10 Canadians (59%) would use entirely computer-generated su.... More »
Q&A with CanWise Financial’s James Laird
– canadianmortgagetrends.com
After spending six years as the Chief Operating Officer (COO) of Canada’s largest independent mortgage brokerage, James Laird set up his own mortgage company, CanWise Financial, earlier this fall. Laird’s success has in large part been due to a mastery of leveraging the Internet leads. In the Q&A that follows, he provides some important insights into setting up a […]
Reverse Mortgages: Why They’re An Expensive Option
– ratesupermarket.ca
Ask advisors whether the money tied up in your home should be counted as an asset that you can tap in retirement and you’ll get a wide variety of opinions.
Most financial planning software programs don’t consider home equity when tallying potential retirement income. In looking at the few that do, it’s clear that there’s no agreed-upon method for calculating its impact on your financial future.
Despite this, home equity remains a tempting target for older investors to tap. Don’t forget that close to three quarters of Canadians over age 60 are homeowners, not renters — a considerably higher rate than for most other age groups.
You can always downsize, of course, and invest the difference. But, other than that, there really aren’t a lot of options when it comes to wringing money out of your home.
Also Read: Learn More About Reverse Mortgages>
Helocs Not Generally Available
A home equity line of credit secured against the value of your property is likely your best bet…
Highlights from CAAMP’s Fall Mortgage Report
– canadianmortgagetrends.com
Mortgage analysts look forward to this day each and every year — that is, the date CAAMP releases its annual mortgage market research. This year’s edition has a slew of new mortgage findings. We’ve highlighted the items that are eye-catching. (Extra-notable data points are in blue. This author’s comments are in italics.) ******** Real Estate/Mortgage Market 9.62 […]
