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Thursday, January 23rd, 2020

Canada’s real housing crisis: Extreme weather – Consult with a Vancouver Mortgage Broker

BLAIR FELTMATE AND JASON THISTLEWAITE – The Globe and Mail Over the past three years, Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney (now Governor of the Bank of England), tightened mortgage lending in an effort to avert a housing crisis that might otherwise result when interest rates rise. While their efforts were […]

More Canadians in debt, making lower monthly payments poll finds – Consult with a Vancouver Mortgage Broker

By: Linda Nguyen The Canadian Press A new poll suggests that more Canadians are in debt this year and taking longer to settle their accounts. The study released Wednesday by the Bank of Montreal (TSX:BMO) found that 83 per cent of Canadians surveyed admit to having some form of debt, an increase from 74 per cent a […]

Strategic Matches – A New Way to Place Private Mortgages – Consult with a Vancouver Mortgage Broker

By Rob McLister, Editor, CanadianMortgageTrends.com Have you ever seen a cool new idea and wondered how on earth it took so long to come up with it? One such idea, at least in this author’s mind, is matching private lenders withnon-prime borrowers online. And a start-up called Strategic Matches is now doing just that. Strategic Matches simplifies […]

Recent Court Decision On Gift Letters- Ask a Vancouver Mortgage Broker

Recent Court Decision On Gift Letters Posted on April 25, 2013  The following was written by Calgary real estate lawyer, William (Bill) Fric, regarding an Alberta Court of Queen’s Bench  judgement from earlier this month. (Citation: Henderson-Jorgensen v Henderson-Jorgensen, 2013 ABQB 213) Gift letters are often required by mortgage companies when parents are helping children buy a home. […]

First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll

  First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll   Cautious mood, less urgency among Canadian homebuyers, but majority still consider homeownership a good investment TORONTO, March 26, 2013 —Four-in-10 Canadians (40 per cent) planning to enter the housing market over the next two years will be first-time […]

Let’s put real estate overvalution in perspective – Consult with a Vancouver Mortgage Broker

Let’s put real estate overvalution in perspective Canadian real estate is overvalued by 20%. This doesn’t mean your home is worth 20% less. If prices do drop, it will be closer to 10%, and in certain parts of the country it’s already happening. More than a few media headlines are focusing on Canada’s overvalued real […]

YOUNGER CANADIANS PUT BRAKES ON DEBT IN 2012, OLDER KEEP BORROWING

YOUNGER CANADIANS PUT BRAKES ON DEBT IN 2012, OLDER KEEP BORROWING Click here to download PDF report Highlights •  In 2012, Canadian household debt grew at its slowest pace since 2003 and the upward trend in the  household debt-to-income ratio ebbed. Ipsos Reid survey data suggests that there was diverging  borrowing behaviour across age groups […]

Brokers fear more compensation cuts – Ask a Vancouver Mortgage Broker

By Nestor Arellano    Mortgage professionals are worried First National‘s compensation cut will see other lenders follow suit or — what’s even more sinister — adjust their interest rates to force broker buydowns. “First National’s decision was troubling because many brokers fear other lenders would follow suit,” said Sudip Adhikari, a broker with Centum in Toronto. […]

Homeownership in Canada: A love story

Homeownership in Canada: A love story ComFree survey shows Canadian homeowners fall out of love with their homes after five years TORONTO, Sept. 26, 2012 /CNW/ – We’ve all heard of people getting the “seven year itch” when it comes to a monogamous relationship, but a new study commissioned by the ComFree network, the largest commission free real […]

45% of Canadians unprepared for emergency spending

CTVNews.ca Staff Published Monday, Aug. 13, 2012 8:15AM EDT Last Updated Monday, Aug. 13, 2012 5:31PM EDT A new poll for one of Canada‘s biggest banks reveals many Canadians don’t have a reserve fund set aside to cover unexpected emergency expenses. According to the poll conducted for CIBC, 45 per cent of Canadians have no […]

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