Sharp rebound in buyer confidence fuels Toronto condo recovery, says Urbanation

The country’s largest condominium market has fully recovered and is breaking new ground, according to a Toronto research firm. Urbanation Inc. says during the second quarter Toronto passed a new milestone with more than 100,000 condo dwellings in active development in the census metropolitan area. Of the 105,027 units in the pre-construction, under construction and […]

Mortgages & Investment Strategy – Consult with a Vancouver Mortgage Broker

STEVE HUEBL For most home buyers, a mortgage is the only path to ownership. But a recent survey reveals that mortgages are also being used as a preferred investment strategy for wealthy Canadians. The survey commissioned by Investors Group found that 67% of high-net-worth Canadians — those with investable assets of $500,000 or more — who have […]

Lenders Worries – Consult with a Vancouver Mortgage Broker

Not many lenders go on record forecasting a housing bubble, but what they say in private surveys is another matter. FICO, a consumer analytics firm, released poll results on Tuesday that show just how concerned lenders are about housing overvaluation. But its data, which was picked up by multiple media outlets, featured responses primarily from […]

Canadian home sales rise 0.8% to highest level in four years – Ask a Vancouver Mortgage Broker

Canadian existing home sales in June reached their highest monthly level in more than four years as prices continued to rise in some of the country’s hotter markets. But the housing market is becoming an increasingly local story with the disparity between hot and cold markets growing across Canada, something the Canadian Real Estate Association […]

Price surge fuels Canadians’ optimism about housing market to highest since before financial crisis – Consult with a Vancouver Mortgage Broker

Canadians are the most optimistic about the country’s real estate market in a more than six years as prices reignite. Secret path revealed for China billions buying pricey homes in Vancouver, N.Y., Sydney Allegations of Bank of China money-laundering has uncovered a scheme to sidestep currency restrictions that is fuelling property booms in Canada, U.S. […]

Calgary’s energy boom is fuelling record surge in luxury home sales – ask a Vancouver mortgage broker

Sotheby’s International RealtyThe estate, once owned by the Ford family of Henry Ford heritage, listed for $37.9-million, with views of the Rocky Mountains, comes with four fireplaces, $1 million in mouldings and two garages for six cars. Twitter Google+ LinkedIn Email Comments More Larry Lindholm made his fortune in Calgary’s booming energy industry, building and […]

Can you afford a home in these cities? – Ask a Vancouver Mortgage Broker

Housing affordability is a national disaster that begs further investigation. The average national resale home price in May: $416,584. The annual gross income needed to afford that price based on a 5-per-cent down payment and a five-year mortgage: $89,363. The estimated median family employment income: $68,692. In that $20,671 shortfall is the considerably, but not […]

Even economists say they continue to be surprised by Canada’s housing market – Consult with a Vancouver Mortgage Broker

Record low interest rates have have forced Toronto-Dominion Bank to boost its forecast for the Canadian housing sector. 5 questions to help you decide whether to rent or buy a home Economist Diana Petramala said in an economic report that TD’s forecast in January was banking on an increase in interest rates that has not […]

Canada building permits spike 13.8% in May – Ask a Vancouver Mortgage Broker

OTTAWA — Statistics Canada says municipalities issued building permits worth $6.9 billion in May, up 13.8% from April. The agency says the increase in May resulted primarily from higher construction intentions for commercial buildings in Ontario and Manitoba, as well as multi-family dwellings in British Columbia. It says the total value of permits has been […]

Don’t get complacent about risks of housing downturn, OSFI warns lenders and insurers – Consult with a Vancouver Mortgage Broker

Canada’s top banking regulator is urging mortgage lenders and insurers not to grow complacent despite healthy bank capital levels and predictions of a soft landing in the housing market. 5 questions to help you decide whether to rent or buy a home In a speech at a C.D. Howe Institute housing conference on Thursday, Mark […]

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