What bubble? Canadians have their mortgage covered, study shows – Consult with a Vancouver Mortgage Broker

A new Conference Board of Canada study says there’s no housing bubble about to burst and maintains Canadian are having no trouble handling their debt even as it sits close to record levels. ‘Every man for himself’: Homebuyers’ top 5 bidding war stories One in three Canadians are willing to enter into a bidding war […]

Canadian first-time home buyers’ budget rises to $316,000, 6% more than last year – Consult with a Vancouver Mortgage Broker

TORONTO — A Bank of Montreal report on first-time home buyers says the average budget has increased to $316,100. That’s up nearly 6% from an average of $300,000 in last year’s report on first-time home buyers. The BMO study says a sample of prospective buyers in Vancouver, Toronto and Calgary had even higher budgets for […]

Condo correction not in the cards for Toronto, Vancouver, says new report – Ask a Vancouver Mortgage Broker

The rental housing market has “passed it peak” but condominium investors can probably rest easy because vacancy rates will only edge up slightly, says a new report.   How Canada’s new immigration rules could slow high end real estate sales Canada’s luxury housing market has already been impacted by changes to immigration policy and could […]

Why no rate hike means variable mortgages are safe again – Ask a Vancouver Mortgage Broker

Garry Marr | More from Garry Marr | @DustyWallet A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough to keep the latest housing rally going. Bank of Canada drops rate guidance, lowers growth forecast There’s been a sea […]

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 […]

A clear mortgage policy- Consult with a Vancouver Mortgage Broker

Jim Murphy, Special to Financial Post The Canadian housing and mortgage markets receive extensive attention by economists, analysts and the media. The purchase of a home after all is the largest financial commitment that an individual will make in his or her lifetime. Since 2008 and the height of the financial crisis, the federal government […]

Vancouver home sales jump more than 50%, but prices lag – Ask a Vancouver Mortgage Broker

The country’s most expensive housing market is showing signs of surging sales but Vancouver is still lagging historical norms. Why real estate doomsayers continue to be wrong Mandy Coz needs a lead. She isn’t the first sales rep from a nearby real estate brokerage to cold call my parents’ home in the suburbs on behalf […]

Canadian housing market defies skeptics as starts top expectations – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian housing starts were stronger than expected in June and May figures were revised higher, according to data released on Tuesday, the latest report to show the property market rebounding from last year’s government-induced slowdown. Housing market fuelling loonie’s rise from two-year-low The Canadian dollar rose from its lowest level in almost two […]

2013 housing sales off to better start than expected – Consult with a Vancouver Mortgage Broker

Canadian Press | 13/06/17 |  Sorry to inform you, but ‘The Great Real Estate Crash of 2011…no…2012…no…2013′ has been postponed OTTAWA — The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry’s […]

Are stubborn sellers killing the real estate crash? – Ask a Vancouver Mortgage Broker

Like many others, Toronto public relations manager Megan Vickell is sitting on the real estate sidelines dreaming of bargains to come. What direction are home prices headed? Depends on who you ask After a dropoff in sales, the debate over the future of Canada’s housing market has come down to an argument over how much […]

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