Movin’ on up: more Canadians upgrading homes sooner

Movin’ on up: more Canadians upgrading homes sooner -2011 TD Canada Trust Repeat Home Buyers Report finds 7 in 10 repeat home buyers move earlier than they originally intended TORONTO (August 23, 2011) – Two-thirds of Canadian repeat home buyers are moving on to larger or more luxurious homes and many are moving earlier than […]

Brokers facing uphill battle to win bigger cut of $215B HELOC market

By Vernon Clement Jones Home equity lines of credit represent 22 per cent of all Canadian mortgages, or a whopping $215 billion, according to a new CAAMP report – the first to track that segment of the market largely closed to brokers. “As far as we know this is the first time anyone has tracked […]

Canadians take Carney’s debt warning to heart

Canadians appear to have gotten the message Mark Carney was sending when the Bank of Canada governor went public last year with his concerns about rising levels of household debt. In the months since his remarks – which were augmented by changes to lending rules by Ottawa – growth in consumer borrowing has noticeably slowed, […]

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