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
Taking on a “Fraction” of the Cost; Vancouver Start-Up Promises a Better Incentive for Home Buyers than CMHC + MORE Apr 2nd
An incentive for first-time home buyers offered through the Canadian Mortgage Housing Corporation (CMHC) was only announced a week ago, promising to provide $1.25 billion over three years to help lower mortgage costs for eligible Canadians.
However, a new company is now also promising to provide an.... More »
How can an extra $100 boost your mortgage? + MORE Mar 28th
When it comes to mortgages, $100 isn’t going to get you very far. But what if you paid an extra $100 a month towards your mortgage? It’s not a lot of money these days, but it can add up to some solid savings over time.
Let’s look at a $300,000 mortgage with a 2.89% rate and a 25-y.... More »
Toronto housing market downturn to be short lived, federal housing agency says Jul 26th
The recent downturn in Toronto’s real estate market, brought on after Ontario introduced measures this spring including a foreign buyers’ tax, is expected to be brief, the federal housing agency said Wednesday.
Property prices in the city _ which fell from an average of $919,589 in April.... More »
Q1 2014 Bank Earnings - Mortgage Morsels + MORE Mar 8th
Slowing consumer lending and margin pressure from low rates didn't kill the earnings party for Canada's banks. As they seem to do more often than not, the "Big 6" pulled....... More »
4 Essential Mortgage Features To Ask For + MORE Jun 4th
Hunting for the best interest rate on your mortgage? Congratulations – by shopping around you’re already ahead of the home-buyer pack, and likely to score a great deal.
It’s proven that exploring your mortgage options equal better savings in the long run – and those who are unquesti.... More »
Lower rate = Lower payment and a Lower balance in 5 years!
– canadamortgagenews.ca
We all know that a lower interest means a lower monthly payment. But did you know that a lower interest rate means you will also owe less when your mortgage comes up for renewal? This has been overlooked by consumers and experts alike. I haven’t seen any articles covering this. And it should […]
Stock pick: Easyhome Ltd. is an attractively valued “cash flow machine”
– canadianbusiness.com
If you’re searching for a stock to add to your RRSP portfolio—the deadline is only a month away—consider Easyhome Ltd. (TSX: EH), a small-cap financial company-based in Mississauga.It’s a little riskier than holding a big bank in your retirement account, but if you don’t mind owning a $205 million market-cap business then there could be some good upside ahead, says Bruce Campbell, president and portfolio manager at Kelowna-based StoneCastle Investment Management.
Easyhome leases furniture, appliances and electronics to Canadians who’d rather pay a monthly fee than an upfront cost. It sells its products directly to consumer, in its 213 stores and online. Campbell says that the company, which used to sell sub-prime mortgages, has really ramped up its business over the last two years. “It’s growing earnings by growing its loan book,” he says.
The stock has climbed by 50% over the last 12 months—partly due to the 41% year-over-year earnings per share growth it saw in Q3 2013—but Campbell thinks it still has room to run…
How higher rates might affect your mortgage
– thestar.com
As the prospect of higher long-term interest rates increases, homeowners should run a couple of rate hike scenarios through a stress test calculator.
