How a homebuyers’ ‘bellwether’ is buoying optimism in Canada’s housing market

Genworth MI Canada Inc. and Home Capital Group Inc. reported profits that beat analysts’ estimates as low interest rates drive demand for Canadian homes. More than half of Canadians in a new survey are putting extra effort into repaying their mortgages — saving tens of thousands in interest payments. Find out more Genworth, the country’s […]

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker How do automated evaluation systems such as emili which is used by CMHC, or Excel, which is used by Genworth, compare to the efficiency of human home appraisers? This Vancouver mortgage broker examines this interesting and challenging issue in more detail. This […]

emili Criticisms Resurface- Adil Virani – Vancouver Mortgage Broker

The Globe and Mail has taken another look at automated home valuations, casting a dark shadow on their efficacy. It’s the paper’s second take on this topic since October. (Here’s the prior story: CMHC’s emili Under Fire) Like the last go-round, this story is laced with concern. Some of that concern is justified given that: a) housing finance […]

How to give up renting without going broke

DIANNE NICE Globe and Mail Blog No matter how many stories I read about housing price bubbles and rising interest rates, there’s no way I would go back to renting, and most Canadians feel the same way. For three long, miserable years, my husband and I rented a unit attached to our landlord’s sprawling house […]