WHAT DOES IT ACTUALLY MEAN TO CO-SIGN FOR A MORTGAGE?

WHAT DOES IT ACTUALLY MEAN TO CO-SIGN FOR A MORTGAGE? What Does It Actually Mean To Co-sign For a Mortgage?There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that where there is confusion, your trusted mortgage professional seeks to offer clarity. Let’s take a quick […]

STARTLING GAP BETWEEN THE LIFESTYLE EXPECTATION AND REALITY OF CANADIANS 40+

STARTLING GAP BETWEEN THE LIFESTYLE EXPECTATION AND REALITY OF CANADIANS 40+ Startling Gap Between the Lifestyle Expectation and Reality of Canadians 40+Over the last few years, we have seen many retired Canadians outliving their retirement savings and requiring a financial solution to help them live the rest of their retirement. In the media alone, there […]

Housing still cheaper in popular U.S. snowbird states than 2006 peak levels, new report shows

TORONTO – Housing prices in popular U.S. snowbird destinations are rising but are still below peak levels seen in 2006, says a new report. The outlook by BMO Financial Group says overall, housing prices in the U.S. have increased by 20% in the last two years, but are only about halfway to the peak levels […]

Spending on renovations outpaces new home construction

More money was spent renovating homes in Canada than building new ones during the 12 months to the end of June, according to data compiled by the Bank of Montreal. “In the four quarters through [the second quarter], renovation activity outpaced investment in new residential construction $48.4-billion to $46.3-billion, as the latter has rolled over […]

Bank of Canada holds key interest rate at 1%

Benchmark rate has stayed the same for 4 years Canada‘s central bank held its key interest rate at one per cent Wednesday, the same level is has been at for four years. In its latest policy decision, the Bank of Canada also kept its “neutral” stance, which means that governor Stephen Poloz has no plans […]

Canadian housing to start showing signs of easing over next two years, says CMHC

OTTAWA — Canada’s housing market may start showing some signs of easing over the next two years as new construction begins to slow and sale prices climb down slightly, according to the latest forecast by the Canada Mortgage and Housing Corp. The national housing agency is forecasting housing starts in Canada to range between 179,600 […]

Credit unions: A cheaper, under-the-radar mortgage option – Ask a Vancouver Mortgage Broker

When you last shopped for a mortgage, did you consult with a credit union? If you’re like more than four out of five recent home buyers, you didn’t. Most mortgage shoppers overlook credit unions (CUs) because they think the rates aren’t good enough, or CUs aren’t convenient enough, or that they’ll save more by consolidating banking at […]

CMHC to return to lower-risk roots – Consult with a Vancouver Mortgage Broker

BOYD ERMAN AND TARA PERKINSThe Globe and Mail The head of Canada Mortgage and Housing Corp. is shifting the priority of the mortgage insurer to helping Canadians buy homes they need, not the bigger, pricier homes they might want. Chief executive officer Evan Siddall said in an exclusive interview that his first six months on the job […]

Monster May for housing sales doesn’t mean the market won’t slow – Consult with a Vancouver Mortgage Broker

May was a phenomenal month for existing homes sales across the country but the jump in activity might say more about the harsh winter than the state of the market. Calgary’s housing market making a dramatic comeback The Calgary housing market is so hot that an economist reported Tuesday that only 15 condominiums in the […]

Homebuilding rebounds quicker than expected with 35% jump in condos and apartments – Consult with a Vancouver Mortgage Broker

TORONTO — New home construction in Canada picked up in April, shaking off the effects of this year’s harsh winter, though economists still expect activity to cool gradually in 2014. The seasonally adjusted annualized rate of housing starts rose to 194,809 last month from 156,592 units in March, data from the Canada Mortgage and Housing […]

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