NEWS
Mortgage brokers vs. banks: the pros and cons
If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your best option?...more 
Single women leading the charge as demographics of homebuying change
Going forward, as their incomes grow, Canadian women are expected to continue to invest even more in housing, as data in the U.S. already suggests...more 
Higher interest rates to hit younger, middle-income households, federal analysis reveals
Twelve per cent of all Canadian households carry debt-to-income levels of at least 350 per cent...more 
Did You Fib On Your Mortgage Application? There May Be Trouble Ahead
Canada Mortgage and Housing Corp. wants better income checks to prevent mortgage fraud....more 
CMHC wants to make it easier for self-employed Canadians to get a mortgage
CMHC is giving lenders more guidance and flexibility on determining whether a self-employed person qualifies for a mortgage...more 
Here are the cities with the highest – and lowest – real estate taxes in Canada
Buying a house in Canada briefly became a little less challenging late last year, but that small gain is now already gone, as rising interest rates erase the impact of a cooling housing market, according to RBC. But home prices and borrowing costs aren’t all that homebuyers and homeowners have to contend with. There are also, of course, taxes....more 
Buying a Home? Ask Your Partner These 4 Questions First
Buying your first home is incredibly exciting, but there's also more than a little bit of stress that comes with it. A house is a big purchase, and it brings a whole host of new hurdles beyond the initial price tag....more 
Mortgage Borrowing Among Canada's Millennials Sees Major Pullback
Canadians are managing their payments well, despite growing debt levels, TransUnion finds....more 
Odds of a July rate hike are dropping — and the loonie is taking the hit
Canadian dollar weakens to almost year low as traders bet Bank of Canada will turn dovish amid escalating trade tensions...more 
B.C. intends to crack down on hidden ownership of real estate with first-of-its-kind registry
B.C. government says registry is aimed at improving transparency in the real estate market while ensuring owners pay their share of taxes...more 
3 ways the new mortgage stress test affected the Canadian housing market last month
Ever since new mortgage rules came into effect on January 1, the Canadian housing market has seen month after month of slumping sales numbers. ...more 
Reverse Mortgages may be the least costly way to access the equity in your home!
One of the consequences of all the mortgage rule changes made by the government is that lenders are now required to place more emphasis on the borrower’s income and their ability cover the cost of their mortgage payment....more 
4 major hurdles for first-time buyers and how to get over them
When it comes to buying your first home, there are many hurdles to leap. The high prices in the Greater Toronto Area (GTA) add to the intimidation factor if you’ve never gone through the homebuying process before. ...more 
TD Bank drops 5-year variable mortgage rate as competition among big lenders heats up
TD lowered its five-year variable closed rate to 2.45 per cent, or 1.15 per cent lower than its prime rate, for the month of May...more 
Canadian Mortgage Defaults Haven’t Been This Low Since 2006
Canadian real estate borrowers are paying their mortgages at a near record pace. Filings with the Canadian Bankers Association (CBA) for the first quarter, show mortgages in arrears have fallen to new lows. The largest markets of Ontario and BC are just off of record lows. That sounds like great news, but more often is a sign of an overly liquid market....more |
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