Canada’s Top 50 Rental Markets

Canada Mortgage and Housing Corp.’s latest survey of Canada’s rental markets yields some surprising finds and some long-term winners. And, as Peter Mithamdiscovers, rental housing is a hot topic across Canada as house prices rise above what many people can afford, prompting first-time homebuyers to defer a purchase. Add in economic uncertainties, and both tenants and […]

Bank report reveals hottest investor markets

A new report on varying provincial fortunes hints at where to make that next real estate investment. Psst, there’s oil there. “Strength in the energy sector has rekindled in-migration and helped firm up the labour market,” writes economist Robert Kavcic, touching on Alberta in the new edition of the BMO Blue Book “With the recent […]

Interprovincial Mortgage Brokers

The Internet has made doing business possible across the farthest reaches of the globe. It’s not surprising then, that technology is fostering mortgage brokering across provincial lines. More and more, we see out-of-province brokers advertising and quoting rates in other provinces. This is making the mortgage market more price-efficient and lowering costs for consumers. While […]

Canadians Feel They Are in Better Debt Shape than Their Friends and Neighbours: RBC Poll

Younger Canadians feel most anxious about debt and are most likely to delay plans TORONTO, September 14, 2011— Three-quarters of Canadians (75 per cent) feel they are in better shape with their non-mortgage debt than their friends and neighbours and more than half (58 per cent) say they are happy with their current total debt situation, […]

Canadians making good progress on debt

More than half of Canadians say they are making good progress paying down their debt, still many fear it’s not enough, according to a new survey. Harris-Decima and CIBC polled more than 2,000 adults and found 72% are holding some form of debt. The good news is 61% say they are making good progress repaying […]

Alberta renovation spending to lead country 1.7% growth in 2011, 4.9% in 2012

CALGARY — Renovation spending in Alberta is forecast to lead the country in year-over-year growth this year and in 2012, according to a report by the Altus Group, an economic consulting firm. The report said spending in Alberta on renovations hit $5.7 billion in 2010, which accounted for 9.5 per cent of all spending in […]

Brokers facing uphill battle to win bigger cut of $215B HELOC market

By Vernon Clement Jones Home equity lines of credit represent 22 per cent of all Canadian mortgages, or a whopping $215 billion, according to a new CAAMP report – the first to track that segment of the market largely closed to brokers. “As far as we know this is the first time anyone has tracked […]

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