Urban Mortgages on an Extreme Budget – Ever wondered what kind of mortgage you can get on minimum wage in a big city? – Ask a Vancouver Mortgage Broker

Ever wondered what kind of mortgage you can get on minimum wage in a big city?  Minimum wage in Canada ranges from $9.75 per hour in Alberta to $11 in Nunavut. In Ontario and BC, it’s $10.25. Using standard insured lending guidelines, someone earning even $11 per hour and working 40 hours a week could […]

Toronto home resales sink in February as rebound proves elusive

TARA PERKINS – REAL ESTATE REPORTER The Globe and Mail Sales of existing homes in the greater Toronto area were 15-per-cent lower in February than a year ago, the local real estate board said Tuesday. There were 5,759 sales during the month, down from 6,809 in the same month during 2012. However, the Toronto Real Estate […]

Let’s tie student debt to student risk – Consult with a Vancouver Mortgage Broker

Let’s tie student debt to student risk GRANT BISHOP Special to The Globe and Mail – Published Tuesday, Mar. 05 2013, 5:00 AM EST Law tuition at the University of Toronto is slated to escalate by 8 per cent next year to roughly $29,613, having already risen from $3,808 since 1998, when tuition was deregulated in Ontario. […]

Young families looking to lock in long-term – Consult with your Vancouver Mortgage Broker

  By Donald Horne Brokers, it may be time to check in with those young clients you helped into a condo five years ago. Dollars to donuts, they’re now looking for houses and the kind of long-term mortgage that spells big bucks for brokers “They are telling me they want a 5-, 7- or even 10-year […]

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 […]

Majority of Canadians stress about finding RRSP cash – Adil Virani Vancouver Mortgage Broker

Canadians who are stressed about the annual RRSP deadline are not alone according to a new study that found 60 per cent of respondents feel anxious about coming up with the money for their retirement savings. And almost half of respondents to the survey – 49 per cent – who make an annual RRSP contribution […]

Why the housing market won’t crash in 2013

The 12-month change in the Teranet-National Bank House Price Index has decelerated in recent months to 3.4 per cent, led by declines in Vancouver (-1.4 per cent) and Victoria (-1.7 per cent). Some people interpret this weakness as a sign that a housing crash has started – see, for example, the Canadian Business article “Canada’s […]

CIBC Poll: New Year, Same Plan – Pay Down Debt

  CIBC Poll: New Year, Same Plan – Pay Down Debt Paying Down Debt once again tops the list of financial priorities for Canadians entering 2013, while Retirement Planning declines in importance TORONTO, Jan. 2, 2013 /CNW/ – Canadians have named paying down debt as their top financial priority entering 2013 – the third year in a row that debt has topped the […]

Buying a Vancouver Condominium – Consult with a Vancouver Mortgage Broker

Buying a Vancouver Condominium – Consult with a Vancouver Mortgage Broker Condominiums are a hot ticket item these days in the Vancouver real estate market. The condominium market is slightly different from the housing market as there are some extra things to keep in mind if you plan to go this route. Like real estate, […]

Brokers fear more compensation cuts – Ask a Vancouver Mortgage Broker

By Nestor Arellano    Mortgage professionals are worried First National‘s compensation cut will see other lenders follow suit or — what’s even more sinister — adjust their interest rates to force broker buydowns. “First National’s decision was troubling because many brokers fear other lenders would follow suit,” said Sudip Adhikari, a broker with Centum in Toronto. […]

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