The Latest in Mortgage News – Is the Housing Market Turning a Corner? Aug 10th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Reaction to CMHC’s Clampdown on Mortgage Fraud Aug 13th

Last month the Canadian Mortgage and Housing Corporation (CMHC) formally asked the Canada Revenue Agency to take a more active role in verifying income claimed on mortgage applications in an effort to clamp down on mortgage fraud. The CMHC says the move is necessary given that “the industry’.... More »

Benefits of Homeownership Reaffirmed in New Study Sep 18th

Despite deteriorating housing affordability across the country, buying a home is still the more affordable option when compared to renting. A new report from Mortgage Professionals Canada has determined that, despite the rapid rise in home price, those who are able to invest in a home would end up .... More »
mortgage

Self-Employed but Need a Loan? 7 Things You Need to Know + MORE Aug 25th

Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances. According to Statistics Canada, 2.8 million people were self-employed in 2017. And with the swelling ranks of the se.... More »
 bank mortgage

Looser Mortgage Standards Hit the UK! Is Canada Next?! Aug 28th

There’s nothing surprising about the loosening of mortgage standards to spur growth. In the last real housing bubble of 1990, banks and government brought in stricter lending rules, making it tougher for borrowers to get a mortgage. Fast forward to the present. We’ve yet to see a housin.... More »
While Vancouver area home sales are still posting year-over-year declines, signs are appearing in the Greater Toronto Area that the worst of the housing correction is now over. Experts say that likely won’t be enough to stave off a slowdown in national GDP growth, however, which in part will be impacted by the housing market’s […]

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