Carney on rates: no ‘imminent’ changes

KEVIN CARMICHAEL The Globe and Mail Published Wednesday, Oct. 24 2012, 10:37 AM EDT Last updated Wednesday, Oct. 24 2012, 7:41 PM EDT Interest rates may not head higher until well into next year, but Mark Carney wants Canadians to understand that their economy is unique in that it is “in an expansion, not a recovery.” The […]

What’s the Scoop on Google and Mortgage Trends? – Ask a Trusted Vancouver Mortgage Broker

What’s the Scoop on Google and Mortgage Trends? How does the web site of the averageVancouvermortgage broker fare in Google? Are you in the money zone or in the back pages ozone? Anyone can set up a site or blog, but it doesn’t mean a thing if people aren’t clicking through. Maybe you set up […]

The perils of home buying without a rainy-day fund

Few people would walk even a 10-foot-high tightrope without a net. Even with a reward, the fall wouldn’t be worth it if something went wrong. Yet people who buy homes without access to emergency funds are walking a figurative tightrope every day. When you get a mortgage with no savings, the unforeseen is your enemy. […]

Hows your Mortgage War Chest?

Hows your Mortgage War Chest? Would you walk a tightrope without a net? Skydive without a quality parachute? Rock climb without a harness? Then why do so many people go into a mortgage without emergency funds? Any honest mortgage broker will tell you this is a bad idea. It’s a metaphorical extreme sport if you […]

Canadian buyers face more competition as U.S. housing recovers

House prices in the U.S. are showing fresh signs of improvement, and market-watchers say the window of opportunity could be closing for bargain-hunting Canadians eyeing potential investment or getaway properties. As economic collapses go, the U.S. housing implosion ranks among the very biggest. As many as four million families lost their homes in a foreclosure […]

45% of Canadians unprepared for emergency spending

CTVNews.ca Staff Published Monday, Aug. 13, 2012 8:15AM EDT Last Updated Monday, Aug. 13, 2012 5:31PM EDT A new poll for one of Canada‘s biggest banks reveals many Canadians don’t have a reserve fund set aside to cover unexpected emergency expenses. According to the poll conducted for CIBC, 45 per cent of Canadians have no […]

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, […]

15 Years to Go

That’s the average time remaining before the typical mortgage holder will be free and clear, according to a BMO survey released today. In addition, only 12% of Canadians have greater than 25 years left until their mortgage is repaid. (Not surprisingly, a disproportionate number live in B.C. where prices are 38% above the national average.) […]

Canadians Deserve More Answers

Boris Bozic, CAAMP Chair and President/CEO of Merix Financial wrotethis about the latest mortgage rule changes: “…Stakeholders have every right to call out decision makers if there’s concerns that [mortgage rule changes] may have unintended consequences. We also have every right to ask decision makers to articulate, in a clear and cogent fashion, the rationale behind the decisions they made.” […]

Interest rates to remain low into 2014: CIBC

The CIBC says Canadians may enjoy historically low interest rates into 2014. The bank released its new outlook for the global and Canadian economies, and all indicators point to weakening conditions and rising risks. It says Canada’s economy will barely keep its head above water with growth rates of 2.1 per cent this year and […]

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