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Thursday, October 5th, 2023

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 […]

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 […]

Are we worrying ourselves into a housing crash? – Ask a Vancouver Mortgage Broker

Maybe this is telling us you shouldn’t buy the biggest houseJust sit back and do nothing. It doesn’t sound like the most proactive advice when it comes to the housing market, but it might just be what everybody needs to hear. Panic is the worst thing that could happen because when that mentality sets in […]

CMHC changes may benefit alternative mortgage lenders

Mortgage companies competing against Canada’s big six banks offer an increasingly attractive opportunity for investors in the wake of new regulations governing Canada Mortgage Housing Corp., says Stephen Boland, analyst at GMP Securities. “We believe that the increased lending restrictions on the use of the CMHC will provide the alternative mortgage lenders with additional product […]