To hell with this home market + MORE Oct 13th

Interested in learning more about property mortgages in Canada? Look no further!
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Vancouver's Pre-Sale Condo Market Is Hot To Trot Jan 29th

By Lydia McNutt More than 10,500 new condo units* are slated to hit the Greater Vancouver housing market this year, according to MLA Canada's 2017 Market Intel report -- opening up plenty of more-affordable housing options for prospective homebuyers who have been priced out of the single-detached s.... More »

Mortgage seekers wonder: broker or bank? Apr 24th

Home buyers contemplate the broker one-stop-shop approach, versus a broader financial picture with their bank .... More »
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44 Percent of Canadians Overspend on Rent Jun 11th

Canadians are overspending on housing in alarming numbers, according to a recent RateSupermarket.ca survey. Among those who rent, 44 percent of Canadians are spending more than a third of their income on housing. Not only that, but 20 percent of homeowners are spending more than a third of their in.... More »

National Bank says its consumers remain “resilient” with $1 billion worth of excess liquidity Oct 2nd

National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels of liquidity..... More »

No signs of distress among borrowers yet, First National says + MORE Nov 10th

Canada's largest non-bank lender says it is keeping a close eye on its mortgage borrowers, but hasn't seen any "measurable issues" related to higher payments so far..... More »

We Get What We Quietly Accept

– canadianmortgagetrends.com

“Keep calm and carry on” You’ve probably lost count of how many times you’ve heard that stale motivator after last week’s mortgage rule travesty.  Brokerage heads are busy reassuring their agents, investors and lender partners that we brokers will persevere and get past this. Well of course we will. But wouldn’t it be nice if broker leaders spent as much time publicly decrying these rules as they did publicly comforting themselves? The truth is, we as an industry just got unapologetically shafted by a handful of anonymous policy-makers—policy-makers who sit insulated from the backlash and consumer repercussions in their cozy government office towers.  There is absolutely nothing READ MORE

Continue Reading On canadianmortgagetrends.com »

Mortgage Career: DocAssist

– canadianmortgagetrends.com

Company: DocAssist Position: Underwriter Location: B.C., Alberta and Ontario Apply to: kerry@docassist.ca Underwriter Position: We’re seeking experienced, mortgage underwriters to join our growing and dynamic team in BC, Alberta and Ontario.  Remuneration is salary and bonus based. Who we are: DocAssist is Canada’s leading Mortgage Support Services platform. We help Mortgage Professionals grow their business with our proven administration and fulfillment support services. We have a track record of success supporting new and existing brokers. We value partnership, innovation and a commitment to excellence. Who you are: You are an organized and experienced Underwriter or Mortgage Professional looking to take on Underwriting READ MORE

Continue Reading On canadianmortgagetrends.com »

To hell with this home market(Photo by Lucas Finlay)
Aaron Urion considers himself lucky. Very lucky. He has a great job as an associate at a downtown Vancouver architectural firm and, last summer, he married his sweetheart and sailing partner, Heather Thompson, 36. These days, the couple enjoy their evenings looking out over the city, the water in the foreground and mountains in the background. On warm nights, Aaron, 38, waves to his neighbours before getting a glass of sparkling water for his wife (she’s expecting their first child this fall). Their biggest dilemma is whether or not to start the BBQ or go for a quick paddle before dinner.
Despite what you might think, Aaron and Heather didn’t saddle themselves with an infamous Vancouver million-dollar mortgage to get these phenomenal harbour views. Nor do they drive 90 minutes each way to Cultus Lake, a Fraser Valley vacationer hot spot. To get this cottage-in-the-city feel, the couple head to North Vancouver’s Mosquito Creek Marina, where they own a custom-built, two-bedroom float home…

Continue Reading On moneysense.ca »

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