Why there’s no reason to panic about rising rates – Consult with a Vancouver Mortgage Broker

Garry Marr | More from Garry Marr | @DustyWallet There is a simple answer to all this hysteria about mortgage rates going up. Don’t lock in your rate. I know it’s almost heresy to have a floating rate in a mortgage world dictated by Finance Minister Jim Flaherty, who thinks nothing about calling up the banks and telling them […]

No more tightening needed after measures averted housing bubble: Flaherty – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty said he isn’t planning new measures to restrain the country’s housing market because his past four rounds of action have already worked to avoid a bubble. ‘A tale of two markets’: Condominium prices falling while low-rise homes continue to soar A housing crash based on the type of home you have? […]

Canada’s real housing crisis: Extreme weather – Consult with a Vancouver Mortgage Broker

BLAIR FELTMATE AND JASON THISTLEWAITE – The Globe and Mail Over the past three years, Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney (now Governor of the Bank of England), tightened mortgage lending in an effort to avert a housing crisis that might otherwise result when interest rates rise. While their efforts were […]

‘Free’ loyalty rewards may cost you up to $520 a year – Consult with a Vancouver Mortgage Broker

Credit card swipe fees can add up for merchants and consumers. But surcharging may not be the solution. By: Dana Flavelle Economy, The average premium credit card generates more than $400 a year in indirect merchant swipe fees – all so you can collect so-called “free” rewards. That’s on top of the $120 a year annual fee […]

Taxpayer-free housing finance change coming to Canada – Ask a Vancouver Mortgage Broker

Finn Poschmann, Special to Financial Post  The Bank of Nova Scotia, a few days ago, received permission from the Securities and Exchange Commission to market to U.S. retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was following a trail blazed by the Royal Bank of Canada; market […]

Evidence mounts of soft landing for Canada’s housing market – Consult with a Vancouver Mortgage Broker

You’d have to see rates move dramatically higher for a major correction Canada’s housing market is showing signs of a soft landing amid evidence of robust demand and buoyant new construction plans. Home prices in Toronto, Canada’s most-populous city, rose 5.4% in May from a year ago, the biggest increase in five months, the Toronto […]

Flaherty dismisses fears over housing slowdown – Consult with a Vancouver Mortgage Broker

Decreasing demand, construction a ‘healthy’ development, finance minister says The Canadian Press  Finance Minister Jim Flaherty is dismissing fears about Canada’s housing market, saying the current slowdown is welcome news and that there is no need for further government intervention. While some observers are expressing fears that a steep correction is underway that will bring […]

Mortgage financing: Pay attention to the rules and related costs!- Ask a Vancouver Mortgage Broker

Mortgage financing: Pay attention to the rules and related costs! To calculate the price of the house you can afford, taxes, rebates and hidden expenses must be factored in By: Kristin Kent Special to the Star, Published on Thu Apr 11 2013 When Tony Clark and his wife, Faye, started looking for a house two years ago, they […]

Should mortgage shoppers choose the 1 or 5-year fixed rate? – Ask a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail Mortgage rate predictions are as often wrong as they are right. Yet, many mortgage shoppers believe that these forecasts give them an edge. Unfortunately, rate expectations sometimes prevent people from picking the lowest-cost mortgage. For instance, those who believe rates can only rise could ignore shorter terms. It […]

Flaherty’s budget gets ‘C’ grade from 57% of business community, survey says

OTTAWA • The Conservative government’s Budget 2013 barely eked out a passing grade from Canada’s business operators, according to an Ernst & Young survey. The poll found 57% of respondents thought the document deserved a “C” grade at best, while 43% gave it a “B” or slightly higher. “Not unlike the Canadian political scene itself, […]

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