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Saturday, September 21st, 2019

Your bank mortgage: Is it fair and does it suit your needs? – Ask a Vancouver Mortgage Broker

Banks operate under the scrutiny of government watchdogs. But when it comes to mortgages, those watchdogs don’t watch everything they could. “Individual (bank) mortgage reps operate outside of regulatory boundaries which commonly govern licensed professionals,” says Samantha Gale, a former mortgage regulator with B.C.’s Financial Institutions Commissionand chief executive officer of the Mortgage Brokers Association of British […]

Is Canada’s housing market finally starting to cool?

The Globe and Mail Fewer housing sales and more listings may bring some long-awaited balance to the Canadian housing market, says the latest report from the Canadian Real Estate Association. While home prices are still on the up, a drop in sales activity in June points to a possible chill in Canada’s housing market. Robert Hogue, a […]

Canada to skirt global turbulence, record healthy growth this year: RBC

June 14, 2012 by  
Filed under Latest News, Latest Rates, Recent News

OTTAWA — A new outlook from the Royal Bank predicts Canada’s economy will skirt the global economic turbulence and rebound strongly from a slow start to the year. The RBC’s new quarterly forecast anticipates the economy will rebound to 3.1% growth during this quarter, which ends in June, and record a 2.6% gross domestic product […]

Banks go on appraisal alert in a volatile housing market

Several Canadian banks have been quietly re-evaluating their appraisal strategies amid increased worries about the accuracy of property values in a market deemed at risk of overheating. Lenders use a variety of techniques, including full appraisals, so-called “drive-by” appraisals based on the exterior of the home, and databases of market prices, to evaluate homes. The […]

TD, RBC end 2.99% mortgage deals early

After briefly offering record-low rates of less than 3% on some of its mortgages in response to its rivals, Canada’s two biggest banks have pulled back their offers prematurely. Toronto-Dominion Bank, Canada’s second-largest bank, raised its special four-year closed fixed rate mortgage 40 basis points to 3.39%, effective Wednesday, while also introducing a special five-year […]

Home building booms again

Garry Marr  Oct 11, 2011 Jonathon Rivait/National Post The Canadian housing market continues to defy the odds in the face of a world economic slowdown, as new statistics from Canada Mortgage and Housing Corp. show new home construction soaring again. The latest numbers put September starts at 205,900 on an annualized basis, a pace in line […]

The Best Countries For Business

Kurt Badenhausen, Forbes Staff During the run-up to every U.S. presidential election, countless Americans threaten to move to Canada if their preferred candidate does not emerge victorious. Of course, few follow through with a move north. Maybe it is time to reconsider. Canada ranks No. 1 in our annual look at the Best Countries for […]

Banks competing fiercely for borrowers

Canada’s banks are locked in a war of attrition this summer, grinding down mortgage rates and competing more fiercely for personal loans in an effort to steal customers from each other. Stuck in a market where the Canadian consumer is already highly leveraged and more concerned with paying down existing debt, the market for new […]

Canadians under 35 most intent on buying homes: survey

Canadians ages 18 to 34 are the most keen to buy a house . . . next year, according to a new survey. The following are 8 investment-damaging flaws that buyers should investigate before purchasing a home, as compiled by MSN Money. Photograph by: Photos.com, Postmedia News Buying a home? Identify these 8 flaws that […]

RBC predicts Canadian economy will grow 3.2% in 2011

March 18, 2011 by  
Filed under Latest News, Latest Rates, Mortgage FAQ

March 11, 2011 Canada’s economy will grow by 3.2 per cent this year, assuming rising American demand for consumer goods and autos, according to a report issued Friday by Royal Bank. Economists at the bank predict net exports such as cars and commodities will boost economic growth this year and next, as those industries account […]

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