Canada’s next housing bubble: real estate agents – Consult with a Vancouver Mortgage Broker

The housing boom has not only resulted in record real estate prices, it has spawned an unprecedented number of realtors. The number of people selling real estate reached 108,706 during the first quarter of the year, according to the Canadian Real Estate Association. To put it another way, that’s one realtor for every 245 Canadians […]

How to house-hunt with your head, not your heart: Eight steps to smarter house hunting

Contrary to popular belief, home is not where the heart is. Home is where the head is – and if you don’t use your head when house-hunting you could find yourself wishing you’d never said “I do” to that not-so-dream home. Though it’s sometimes appropriate to let your heart take the lead, finding the right […]

MBRCC’s New Tool for Interprovincial Brokering

MBRCC’s New Tool for Interprovincial Brokering For mortgage brokers without face-to-face business models, the Internet makes it easy to close mortgages in another province. And a lot of brokers are doing just that, but not always legally. That’s partly why the Mortgage Broker Regulator’s Council of Canada (MBRCC) put out this new tool. They call it the Multijurisdictional […]

Budget offers only a smattering of savings for Canadian families

ROB CARRICK -n The Globe and Mail Wait till next year, Canada. While there’s a lot of talk about easing the financial burden on families in the federal budget, the actual savings are at best minor. In fact, the most notable tax measure for the average person was one that will make cigarettes more expensive. People anticipating […]

Drop in home building signals Canadian market stabilizing- As a Vancouver Mortgage Broker

TORONTO — New homebuilding in Canada slowed slightly in November, coming in below economists’ expectations and suggesting some stabilization for the country’s robust housing market, data released on Monday showed. The seasonally adjusted annualized rate of housing starts was 192,235 units last month from a downwardly revised 198,161 in October, the Canada Mortgage and Housing […]

CMHC offering tailored outlooks for various Canadian markets – Mortgage Broker, Vancouver

Canada Mortgage and Housing Corporation (CMHC) is offering a number of housing outlook conferences in various Canadian cities; each offering a useful and practical information session that will help brokers understand trends unique to each market. “CMHC’s Housing Outlook Conferences offer access to timely, reliable and unbiased information,” Sam Carnovale, CMHC Key Account Manager, Brokers […]

Recognizing red flags for new homes – Ask a Vancouver Mortgage Broker

Buyers of new homes should do their homework and be wary of builders who promise too much, says the man overseeing Ontario‘s regulator for home builders. Tarion president and chief executive officer Howard Bogach is touring the province to promote the corporation’s work and warn of illegal building practices. The Ontario government created Tarion Warranty […]

Flaherty threatens action – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty says he will step in to intervene once more if the housing market appears to move toward a bubble. “I’m comfortable with where we are, but we have to watch and, if we see anything moving toward a bubble, we can intervene,” Flaherty said in an interview with BNN Television this week. “It’s […]

Strategic Matches – A New Way to Place Private Mortgages – Consult with a Vancouver Mortgage Broker

By Rob McLister, Editor, CanadianMortgageTrends.com Have you ever seen a cool new idea and wondered how on earth it took so long to come up with it? One such idea, at least in this author’s mind, is matching private lenders withnon-prime borrowers online. And a start-up called Strategic Matches is now doing just that. Strategic Matches simplifies […]

Toronto real estate: Cottage country sales rebound from wet spring

2013 heralded as turnaround point for market that’s been flat since 200 By: Susan Pigg Business Reporter The impact of a soggy spring continues to be felt across Ontario cottage country, where sales — and prices — in many regions are down slightly from last year. Yet 2013 is being heralded as a possible turnaround year for […]

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