Why Vancouver Home Mortgages won’t be Like the U.S.Crash – Ask a Vancouver Mortgage Broker

Why Vancouver Home Mortgages won’t be Like the U.S.Crash  Ever since the U.S.housing bubble crashed so dramatically and completely, some doom- sayers north of the 49th parallel are saying our housing market is facing the same calamity. Is it time to start with the hand wringing? The answer is largely no, but that’s not to […]

Are we worrying ourselves into a housing crash? – Ask a Vancouver Mortgage Broker

Maybe this is telling us you shouldn’t buy the biggest houseJust sit back and do nothing. It doesn’t sound like the most proactive advice when it comes to the housing market, but it might just be what everybody needs to hear. Panic is the worst thing that could happen because when that mentality sets in […]

Questions to Ask a Vancouver Home Inspector – From your Vancouver Mortgage Broker

Questions to Ask a Vancouver Home Inspector – From your Vancouver Mortgage Broker No matter what kind of home you plan on buying, either a newly built home or an older home, it’s a good idea to hire a home inspector to make sure you’re not buying a lemon. Take it from aVancouvermortgage broker who […]

Canadian buyers face more competition as U.S. housing recovers

House prices in the U.S. are showing fresh signs of improvement, and market-watchers say the window of opportunity could be closing for bargain-hunting Canadians eyeing potential investment or getaway properties. As economic collapses go, the U.S. housing implosion ranks among the very biggest. As many as four million families lost their homes in a foreclosure […]

Now is the time to invest in property for your business: BMO

Garry Marr |   Low interest rates, low vacancy rates and tight supply are a cue to look at buying a building for your business, according to the Bank of Montreal. “Now may be a particularly good time for businesses to invest in commercial property for their own use,” said Steve Murphy, senior vice-president of commercial […]

Subprime Mortgage Renewal Risk

Subprime mortgages are meant to be short-term financing solutions for borrowers who have hit a rough patch. When you get a subprime (aka,“B”) mortgage, the idea is to choose a term that’s just long enough to rehabilitate your credit (or fix the problem that makes you a high risk borrower). Thereafter, you can refinance into […]

Is Canada in a bubble? Housing experts face off

Welcome to the Great Debate. Each month, Globe Investor will invite two experts to debate one of the big questions facing the business and investing world. This month, we look at whether Canada is experiencing a housing bubble. Today, our debaters present their opening arguments defending and opposing the motion: Canada is experiencing a housing bubble. […]

Visa Launches Video Game to Help Educate Youth on Balancing Savings with Prudent Spending to Reach Financial Goals

  Game launch coincides with sponsorship of financial literacy panel at International Economic Forum of the Americas Conference of Montreal, underscoring Visa‘s ongoing commitment to educating Canadians on financial literacy   (Toronto, ON) – June 12, 2012 – Today, Visa Canada is launching a dynamic educational video game called Money Metropolis that teaches youth the basics of […]

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 […]

Once again: Pay down your debts before rates rise

ROB CARRICK | Columnist profile | E-mail From Wednesday’s Globe and Mail The decade’s most ignorable piece of financial advice: Pay down your debts before interest rates rise. You’ve heard this warning a hundred times, you ignored it and rates held steady at historic lows. Now, the Bank of Canada is signalling that borrowing costs could rise if economic […]

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