Now is the time to invest in property for your business: BMO

Garry Marr |   Low interest rates, low vacancy rates and tight supply are a cue to look at buying a building for your business, according to the Bank of Montreal. “Now may be a particularly good time for businesses to invest in commercial property for their own use,” said Steve Murphy, senior vice-president of commercial […]

Mortgage Platform Down

Mortgage Platform Causes Problems for Vancouver Home Mortgages For several days last week, there was no way for thousands of brokers to send applications to lenders. This affected brokers across Canada including those dealing in Vancouver home mortgages. This resulted because the mortgage industry’s largest mortgage origination platform temporarily went down; the platform is called, “Expert”. This […]

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 […]

Bank Satisfaction Falls

Decrease in Bank Satisfaction could Benefit Vancouver Mortgage Brokers Customers became less satisfied this year with big and  mid-sized banks in Canada, according to a report released by J.D. Power and Associates. A large part of this is due to a decrease in satisfaction relating to fees. The study does not highlight satisfaction related to […]

Why we spend and what makes us do it

ANDREA WOO VANCOUVER — The Globe and Mail There’s the Prada handbag, a moon-shaped canvas tote with leather accents and a shiny, silver buckle. There’s the gas-powered scooter, a high-gloss, crimson beauty nicknamed “Big Red.” And there’s the scuba gear, complete with mask and flippers. There are also the justifications that accompanied each of Sara Chung’s retail […]

Changing Mortgage Regulations Present Challenges to First-time Homebuyers

Changing Mortgage Regulations Present Challenges to First-time Homebuyers On July 1 2012, new mortgage regulations came into affect in Canada. The purpose of these rules was to cool the hot Canadian housing market, as well as stem a housing bubble and high levels of household debt. The biggest change that potential homeowners should be concerned […]

Carney warns falling oil price could grease economy’s slide

JEREMY TOROBIN OTTAWA — The Globe and Mail Published Tuesday, Jul. 17 2012, 9:09 AM EDT Last updated Wednesday, Jul. 18 2012, 7:34 AM EDT The Bank of Canada is adding the downward drift in prices for oil and other commodities to its catalogue of threats to economic growth. In a one-page statement on his latest interest-rate decision Tuesday, […]

Long Amortizations Survive…With 20% Down

Long Amortizations Survive…With 20% Down When the government cut maximumamortizations in 2008 and 2011, most big lenders reduced amortizations on all of their mortgages. They didn’t need to apply the changes touninsured mortgages, but many did anyway. Not this time. When the Department of Finance trimmed the insured amortization limit to 25 years on July 9, most […]

‘Canadian commercial real estate is primed for growth,’ TD economist says

Garry Marr  Jul 12, 2012 – 6:32 PM ET Forget the residential market, maybe it’s time we started focusing on how strong Canada’s commercial real estate market has been, says Sonya Gulati, an economist with TD Bank. “The commercial side of the market has recorded quite a comeback from the troughs posted in the early part […]

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 […]

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