Drop in home building signals Canadian market stabilizing- As a Vancouver Mortgage Broker

TORONTO — New homebuilding in Canada slowed slightly in November, coming in below economists’ expectations and suggesting some stabilization for the country’s robust housing market, data released on Monday showed. The seasonally adjusted annualized rate of housing starts was 192,235 units last month from a downwardly revised 198,161 in October, the Canada Mortgage and Housing […]

The #1 Rate Indicator Right Now – Ask a Vancouver Mortgage Broker

Abnormally low inflation is keeping Stephen Poloz awake at night. The Bank of Canada (BoC) admitted as muchon Wednesday. Analysts took the BoC’s headline comment (“downside risks to inflation appear to be greater”) as a sign that rate hikes will be a 2015 story. But, for now, there is one key indicator that trumps Canadian CPI inflation, and […]

Consumer confidence nears year high as Canadians put faith in rising house prices- Ask a Vancouver Mortgage Broker

The share of respondents who think real-estate prices will increase over the next six months rose to 40.3 from 40.0 the previous week, reaching the highest level since March 2012 Canada’s economic mood rebounded last week as consumers head into the holiday season buoyed by rising house prices, according to the Bloomberg Nanos Canadian Confidence […]

Five things to do if you are over-extended on your mortgage – Ask a Vancouver Mortgage Broker

Mortgage default may be rare in this country, but nearly 9% of indebted households need 40% or more of their gross income to pay their debt service charges, says the Bank of Canada Financial System Review. If you can see problems coming, then you can take action to avoid foreclosure, which happens when lenders run […]

Rebound continues in Canada’s housing market- Ask a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER Home sales continued to be strong in a number of major cities in November, with preliminary local data indicating that the country’s housing market is still rebounding. The number of homes that changed hands by way of the MLS system in greater Toronto last month came in 13.9 per cent […]

6 Things Really Thoughtful Leaders are truly respected. – Ask a Vancouver Mortgage Broker

6 Things Really Thoughtful Leaders are truly respected. Here are six traits that make them so admired. The last month of the year is a great time for introspection, enhancing relationships and setting a course for the year ahead. This is the time when it’s easy to notice those people who are thoughtful.  They are […]

The rise of the miserable Canadian homeowner – Ask a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail Consider the financial misery factor before you buy a house. That’s where the constraints of paying a mortgage and all the other usual costs of living leave you feeling frustrated and unhappy about your finances. Even real estate agents concede that such a phenomenon exists. “It’s been disturbing to watch […]

Mortgage rates today are way below normal. Or are they?- Ask a Vancouver Mortgage Broker

Finance Minister Jim Flaherty called Canada’s low interest rates an “anomaly” last week, echoing warnings that other government officials have been making since 2009. But one of the country’s best-known economists believes today’s rates are closer to normal than many think. Benjamin Tal, deputy chief economist at CIBC, caught viewers off guard in a recent […]

10 Best-Kept Secrets for Buying a Home – Ask a Vancouver Mortgage Broker

Get the most out of your money with these handy home-buying tips. More from Buying & Selling: 20 Best-Kept Secrets Filed under: Home Buying, Home Staging, Remodeling Buying Secret #10: Keep Your Money Where It IsIt’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t […]

A score to settle You’d be surprised what they’re using your credit score for.

by David Hodges  In his 13 years as an insurance broker Bryan Yetman has regularly witnessed the havoc credit scores wreak on consumers. No case, however, unsettled the past president of the Insurance Brokers Association of Ontario (IBAO) more than that of a woman diagnosed with breast cancer while in the midst of a divorce a […]

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