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 […]

Your bank mortgage: Is it fair and does it suit your needs? – Ask a Vancouver Mortgage Broker

Banks operate under the scrutiny of government watchdogs. But when it comes to mortgages, those watchdogs don’t watch everything they could. “Individual (bank) mortgage reps operate outside of regulatory boundaries which commonly govern licensed professionals,” says Samantha Gale, a former mortgage regulator with B.C.’s Financial Institutions Commissionand chief executive officer of the Mortgage Brokers Association of British […]

Cashback Down Payments set to meet their Maker- See A Trusted Mortgage Broker

Cashback Down Payments set to meet their Maker New information suggests that mortgages with cashback down payments could go the way of the dodo, or Yanghzee pink river dolphin if you will. Just about every trusted mortgage broker in Vancouver has been advising against cashback mortgages for some time, but only in the last few years has […]

CICA Debt Poll

CICA Determined to Become Expert in Personal Finance A study was recently commissioned by the Canadian Institute of Chartered Accountants (CICA)  to learn what Canadians do on a day-to-day basis to manage their finances. The study also wanted to  understand how much confidence Canadians have in particular financial activities.  The purpose was to determine how […]

Protecting Clients’ Privacy – It’s Your Duty

Protecting Clients’ Privacy – It’s Your Duty Guest Column by Justin Beadle, Mortgage Underwriter, Fisgard Capital Corporation The speed at which mortgage brokers have adopted a networked, online lifestyle has been impressive. I would say 95 per cent of the deals I do are processed via email or Skype. What’s more, we receive electronic correspondence from […]

Housing starts rose in June: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the pace of housing starts rose in June, driven by urban multiple starts — condos, apartments and the like. The federal agency estimates there were 20,327 actual starts in June across the country, up from 18,494 in June 2011. Tweaked to remove monthly variations, that produced a […]

Mortgage-Free Eventually: RBC Poll Finds Majority of Canadians Hope to Pay Off Their Homes by Retirement

A third of older Canadians with a mortgage will carry debt into their 70’s Half of Canadians think interest rates will stay the same in the next year TORONTO, November 17, 2011— Nearly three-quarters (72 per cent) of Canadians with a mortgage hope to bemortgage-free by the time they reach age 65, but one-third (33 per cent) […]

B.C. lawyer tackles CIBC over mortgages

Garry Marr, Financial Post · Oct. 21, 2011 You just made the largest purchase of your life based on borrowing more than you ever have before. Are you really going to bother reading that 25-page contract with all the rules on your mortgage? The answer is usually no. The truth is you should. The ambiguity in […]

Ottawa urged to invest in energy mega-project

The Canadian Imperial Bank of Commerce is urging the federal government to fast-track energy mega-projects to provide a much-needed boost to job creation in a sluggish economy. Canada’s potential for energy development would allow governments to forego deficit-financed stimulus spending that would drive the federal and provincial governments deeper into debt, CIBC vice-chairman Jim Prentice […]

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, […]

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