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Latest News
Does the government really believe there is a serious risk of rates rising? May 18th
“Watch What I Do, Not What I Say” This is one of the most useful things I learned in high school. Thank you, Mr. Hall! The federal government has clearly told us that mortgage borrowers need to be prepared for much higher interest rates in the future, since the stress test for all insured.... More »
Why Canadian investors should avoid MLPs Jan 20th
For better or worse, a sizable group of Canadian investors still screens prospective investments by dividend yield. When that search expands beyond Canadian stocks, it often leads into parts of the U.S. market that look attractive on the surface but are poorly understood.
Common examples include .... More »
Develop your own plan + MORE Dec 24th
Steward Kinmond, 70, and Barbara Sibbald, 58, in front of their mortgage-free new-build, close to Parliament Hill. (Photography by Jessica Deeks)
Every morning, Barbara Sibbald and her husband Stewart Kinmond gaze out across their big backyard and watch the sunrise. Directly behind them is part of t.... More »
The Latest COVID-19 Mortgage News: Toronto Real Estate Sales Plunge 37% + MORE Apr 1st
New data suggests homes sales in Toronto dropped 37% last week compared to the same time last year, according to Realosophy Realty. The firm also says cancelled listings jumped by 27% as thousands of Canadians now find themselves out of work, putting into question the near-term future of Canada̵.... More »
Information vs advice. Why is it free? Oct 19th
The internet is great for researching infomation, ratings and even advice. With so much available data, it’s hard to decide which is accurate, reliable or even truthful.
Take this site for example. If this is your first visit then you may not be aware of all my credentials nor how accurate .... More »
Lender Market Share – Q4
– canadianmortgagetrends.com
Lenders, especially banks, have been enjoying wider-than-normal spreads on fixed-rate mortgages (as measured by their discounted rates minus the 5-year government bond yield). In fact, their spreads have probably been too wide, such that they’ve lost some competitiveness. That and more conservative lending guidelines are two reasons why banks gave up ground to competitors in 2014. For the 12 months ending December 31, 2014, banks lost 2.43% in overall mortgage market share “mainly to credit unions and non-banks like First National,” says market analyst and McVay & Associates founder David McVay. Below is how things shook out in 2014 for the largest federally regulated lenders (based on mortgages READ MORE
US home sales rise modest 1.2 pct. in Feb.; tight inventory and affordability hurt buying
– canadianbusiness.com
WASHINGTON – Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.
Sales of existing homes rose 1.2 per cent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still underperforming by historical standards, the National Association of Realtors said Monday.
The real estate market has hibernated through the first two months of 2015, creating the potential for a second straight year of weak buying activity.
Strong job growth and relatively low mortgage rates have failed to awaken buyers. Meanwhile, relatively few homes are being listed for sale and builders are mostly catering to the wealthiest slivers of the market. Sales are running below last year’s pace of 4.93 million, which represented a 3.1 per cent drop from 2013.
Despite February’s uptick, buying activity appears to have been slow coming into March because of a series of harsh winter storms…
Sales of existing homes rose 1.2 per cent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still underperforming by historical standards, the National Association of Realtors said Monday.
The real estate market has hibernated through the first two months of 2015, creating the potential for a second straight year of weak buying activity.
Strong job growth and relatively low mortgage rates have failed to awaken buyers. Meanwhile, relatively few homes are being listed for sale and builders are mostly catering to the wealthiest slivers of the market. Sales are running below last year’s pace of 4.93 million, which represented a 3.1 per cent drop from 2013.
Despite February’s uptick, buying activity appears to have been slow coming into March because of a series of harsh winter storms…
