The rise of the miserable Canadian homeowner – Ask a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail Consider the financial misery factor before you buy a house. That’s where the constraints of paying a mortgage and all the other usual costs of living leave you feeling frustrated and unhappy about your finances. Even real estate agents concede that such a phenomenon exists. “It’s been disturbing to watch […]

A New Bank With a New Model — Canadian First – Ask a Vancouver Mortgage Broker

A New Bank With a New Model — Canadian First  By Rob McLister, Editor, CanadianMortgageTrends.com Being a Canadian bank puts you in exclusive company. There are5,991 commercial banks in the U.S., but just 25schedule I banks in Canada. That number will soon become 26 because Canadian First Financial Holdings Limited has just received OSFI approval to incorporate as a bank. (The bank’s […]

In a nation of borrowers, savings on the rise – Consult with Vancouver Mortgage Broker

Are Canadians switching from a nation of borrowers to a country of … savers? New numbers suggest they are. The household savings rate in Canada rose to 5.5 per cent in the first quarter of this year, according to GDP data released last week by Statistics Canada. That’s now well above the U.S. rate, which […]

Majority (60%) of Canadian Homeowners Admit to Mistake Making When Buying a Home; Renovations (15%), Small Down Payments (14%), and No Home Inspection (13%) Among Top Concerns

Majority (60%) of Canadian Homeowners Admit to Mistake Making When Buying a Home; Renovations (15%), Small Down Payments (14%), and No Home Inspection (13%) Among Top Concerns Affordability (46%) and Saving for Large Down Payment (32%) Top Reasons for Not Buying Until Now for First-Time Buyers Toronto, ON – When it comes to the purchase of […]

Even in a real estate slump, Canadians lured into bidding wars- Consult with a Vancouver Mortgage Broker

Garry Marr More from Garry Marr | @DustyWallet People still willing to jump into real estate bidding wars might want to ask themselves why they want to be part of such a buying frenzy in this softening market. Get ready condo flippers, Canada Revenue Agency is hunting you With the deadline for filing taxes this month, you might […]

Bank of Canada cuts 2013 growth outlook – Consult with a Vancouver Mortgage Broker

Bank of Canada cuts 2013 growth outlook Reuters – Bank of Canada Governor Mark Carney leaves his office for a news conference upon the release of the Monetary Policy Report in Ottawa October …more  The Bank of Canada cut its growth forecast on Wednesday in a signal that interest rates will remain at historically low levels for some […]

BMO Financial Literacy Poll: 96 Per Cent of Canadians Believe Teaching Kids About Money Matters is Key to a Healthier Economy

BMO Financial Literacy Poll: 96 Per Cent of Canadians Believe Teaching Kids About Money Matters is Key to a Healthier Economy – Virtually all Canadians agree it is important to develop good financial habits at a young age – The vast majority feel more should be done to teach kids about finances in school – […]

First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll

  First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll   Cautious mood, less urgency among Canadian homebuyers, but majority still consider homeownership a good investment TORONTO, March 26, 2013 —Four-in-10 Canadians (40 per cent) planning to enter the housing market over the next two years will be first-time […]

Tips and tricks to help first-time home buyers – Ask A Vancouver Mortgage Broker

By Kyle Green, Special To The Sun March 15, 2013 Read more: http://www.vancouversun.com/business/Tips+tricks+help+first+time+home+buyers/8103794/story.html#ixzz2OIUXBHr7 Did you know that two out of three Canadian families own a house? That is one of the highest rates of home ownership in the world. And for good reason . Real estate is a great investment. And with increasing housing prices, it’s all […]

The end of mortgage growth? Not yet – Ask a Vancouver Mortgage Broker

Friday, November 2, 2012 BOYD ERMAN For all the talk of rule changes slowing the growth of the Canadian mortgage market, some surprising statistics from the Bank of Canada show that has not been happening in any significant way. Policy makers trying to cool the growth of household debt and home prices may not like […]

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