Nine ways to power-save your way to a down payment- ask a Vancouver mortgage broker

The question that comes up more and more in the country’s expensive housing markets is: Where are first-time buyers getting the money? Parental help is a big factor, so much so that the federal agency Canada Mortgage and Housing Corp. has launched a study of the phenomenon. Also, it’s virtually a given that today’s buyers […]

Lenders Worries – Consult with a Vancouver Mortgage Broker

Not many lenders go on record forecasting a housing bubble, but what they say in private surveys is another matter. FICO, a consumer analytics firm, released poll results on Tuesday that show just how concerned lenders are about housing overvaluation. But its data, which was picked up by multiple media outlets, featured responses primarily from […]

China’s shadow banking system could bring down the world’s hottest property markets – Consult with a Vancouver Mortgage Broker

Chinese investors are major players in the international real estate markets. The country’s outbound property investment totaled US$2.1 billion in Q1 2014, according to Jones Lang LaSalle. And now there are concerns about the quality of the loans that have fed into international property markets. “Will China’s capital flight fuel property bubbles overseas or cause […]

Don’t get complacent about risks of housing downturn, OSFI warns lenders and insurers – Consult with a Vancouver Mortgage Broker

Canada’s top banking regulator is urging mortgage lenders and insurers not to grow complacent despite healthy bank capital levels and predictions of a soft landing in the housing market. 5 questions to help you decide whether to rent or buy a home In a speech at a C.D. Howe Institute housing conference on Thursday, Mark […]

Facing limited supply in Canada, home builder buys chunk of U.S. land – Consult with a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER- The Globe and Mail The Globe’s Real Estate Beat offers news and analysis on the Canadian housing market from real estate reporter Tara Perkins. Read more on The Globe’s housing page and follow Tara on Twitter @TaraPerkins. Canada’s largest developer of new houses has bought its biggest piece of land ever – and it’s […]

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 […]

Home buyers squeezed out of market must save more – or settle for less – Consult with a Vancouver Mortgage Broker

DAVID ISRAELSON- Special to The Globe and Mail When the Occupy movement hit the headlines in 2011, we heard about the 99 per cent, but when it comes to getting a mortgage there’s another group in Canada – the 9 per cent. These are the nearly one in 10 prospective home buyers who as recently as […]

Canadian snowbirds’ dream of U.S. vacation home fading fast – Ask a Vancouver Mortgage Broker

The hundreds of thousands of Canadian snowbirds who flock to the United States are being hit by a falling loonie that should see their purchasing of U.S. winter homes start to slow, says a new report. Here’s what $500K buys in Canada’s housing markets: A lake in Edmonton … a condo in Toronto From four […]

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 […]

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 […]

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