Mortgage Blog

Canada's Mortgage Experts

Category: In the News (93 posts)

As Helocs Morph, the Bank of Canada Asks Lenders for Details

As Helocs Morph, the Bank of Canada Asks Lenders for Details

May 14, 2019 | Posted by: Aaron Baxandall

Chris Fournier and Erik Hertzberg May 9, 2019   One of the biggest questions hanging over Canada's record household debt is just how much borrowers owe against their homes. Officials have warn ...

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Canada's housing market no longer 'highly vulnerable': CMHC

Canada's housing market no longer 'highly vulnerable': CMHC

May 6, 2019 | Posted by: Aaron Baxandall

Vulnerability remains high in certain markets Canadian Press May 2, 2019 The Canada Mortgage and Housing Corp. says it no longer rates the country's housing market as highly vulnerable after an over ...

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Restraining the housing market may be wise — but it remains divisive: Don Pittis

Restraining the housing market may be wise — but it remains divisive: Don Pittis

May 4, 2019 | Posted by: Aaron Baxandall

CBC Wed, Apr 17 It's pretty clear that the explosive growth in the price of Canadian houses over the last decade was the inadvertent product of an emergency plan to rescue global  ...

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Most Canadians don't understand mortgage stress test: TD poll

Most Canadians don't understand mortgage stress test: TD poll

May 3, 2019 | Posted by: Aaron Baxandall

Survey released as TD economists tell clients that the government should consider relaxing mortgage qualification rules Joannah Connolly / Glacier Media Real Estate April 30, 2019 The federal mortga ...

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Canadians saw their debt grow faster than their income in Q4

Canadians saw their debt grow faster than their income in Q4

May 3, 2019 | Posted by: Aaron Baxandall

Seasonally adjusted household credit market debt reached 178.5% IE staff, with files from Canadian Press March 14, 2019 The amount Canadians owe relative to their income ticked higher in the fourth ...

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Scrapping mortgage rules would boost Canadian home prices by about $32,000, TD says

Scrapping mortgage rules would boost Canadian home prices by about $32,000, TD says

May 3, 2019 | Posted by: Aaron Baxandall

TD says impact of rules have been longer-lasting and more significant than originally intended and government should consider flexibility Bloomberg News Chris Fournier April 30, 2019 The Canadian go ...

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Surprising Share Of Canadians Hide Debt, Purchases From Significant Others

Surprising Share Of Canadians Hide Debt, Purchases From Significant Others

May 2, 2019 | Posted by: Aaron Baxandall

It's not good for your relationship or your mental health. Money is one of the biggest stressors in a relationship, and that may be why many Canadians are avoiding conversations about finances and e ...

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How Ottawa's crackdown on tax loopholes for the wealthy might affect you

How Ottawa's crackdown on tax loopholes for the wealthy might affect you

March 26, 2019 | Posted by: Roar Solutions

Ottawa is taking aim at three major loopholes commonly used by wealthy individuals to spread income among family members to create major tax savings The loopholes include ‘income sprinkling,&r ...

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Markets 'bashed over the head' as Bank of Canada hints at rate hike

Markets 'bashed over the head' as Bank of Canada hints at rate hike

March 26, 2019 | Posted by: Roar Solutions

Debt-laden Canadians can’t say they haven’t been warned. Bank of Canada officials have been beating the hawkish drum in recent weeks, but not everyone was fully convinced about a rate hik ...

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Canada's cooling experiment

Canada's cooling experiment

March 26, 2019 | Posted by: Roar Solutions

One year ago, a foreign-buyers tax went into effect in Metro Vancouver. A flurry of housing reform has followed, designed to tame Canada’s frothy markets. Have the moves succeeded? Janet McFarla ...

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Don't bank on your house for retirement fund, watchdog warns. But 45% of Ontarians do

Don't bank on your house for retirement fund, watchdog warns. But 45% of Ontarians do

March 26, 2019 | Posted by: Roar Solutions

The OSC warns that if there is a housing price correction a lot of people will fall short on their retirement goals The securities regulator in Canada’s largest province is sending out a warnin ...

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Has 'fixing' Canada's mortgage market made it riskier?

Has 'fixing' Canada's mortgage market made it riskier?

March 26, 2019 | Posted by: Roar Solutions

Tighter lending rules will send borrowers into the arms of ‘alternative lenders,’ posing a whole new set of hazards Joe Castaldo October 27, 2017 Adam Farber has a practical, if slightly ...

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Global Housing Markets Are Slowing Sharply. Is Canada Next?

Global Housing Markets Are Slowing Sharply. Is Canada Next?

March 26, 2019 | Posted by: Roar Solutions

Daniel Tencer HuffPost CA January 3, 2018   Housing markets around the world are showing signs of losing steam, but Canada's market isn't among them — yet. The Great White North is still ...

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Housing was the world's best investment over the last 150 years

Housing was the world's best investment over the last 150 years

March 26, 2019 | Posted by: Roar Solutions

Housing was the world’s best investment over the last 150 years QuartzJanuary 4, 2018   Stocks will bring you highs, but periodically will seriously let you down. Treasury bonds will kee ...

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Where are Canadian housing prices headed for the rest of the summer? Here's what experts have to say

Where are Canadian housing prices headed for the rest of the summer? Here's what experts have to say

March 26, 2019 | Posted by: Roar Solutions

The latest housing data releases out of Vancouver and Toronto saw prices start to move upwards, after months of slumping activity. But will the market continue to warm up, or was last month an anomaly ...

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This chief economist says Canada's new mortgage stress test could have been better designed

This chief economist says Canada's new mortgage stress test could have been better designed

March 26, 2019 | Posted by: Roar Solutions

Kerrisa Wilson Jul 24, 2018   It’s been over six months since the new mortgage stress test rolled out across Canada with the aim of ensuring borrowers would be able to handle higher inter ...

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Millennials are old news - now it's Gen Z's turn to kill industries

Millennials are old news - now it's Gen Z's turn to kill industries

March 26, 2019 | Posted by: Roar Solutions

Thanks to teens' murderous whims, malls, print magazines, cash and even American football's days are numbered Riley Griffin August 9, 2018   Millennials have been accused of killing so many pr ...

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Canadians' household debt is creeping back up again

Canadians' household debt is creeping back up again

March 26, 2019 | Posted by: Roar Solutions

As a nation, we now owe $1.69 for every dollar of our disposable income The Canadian Press September 14, 2018   OTTAWA — Statistics Canada says the amount households owe, measured as a ...

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If money doesn't buy happiness, why are we so obsessed with getting more of it?

If money doesn't buy happiness, why are we so obsessed with getting more of it?

March 13, 2019 | Posted by: Aaron Baxandall

In an excerpt from Happy Go Money, author Melissa Leong swings a wrecking ball at our money beliefs to help us figure out what actually does make us happy Special to Financial Post Melissa Leong Janu ...

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One in three adult Canadians have volatile income, finds CPA study

One in three adult Canadians have volatile income, finds CPA study

March 7, 2019 | Posted by: Aaron Baxandall

In such situations, automated payments or savings 'might be actively harmful to a consumer's interest' IE Staff February 28, 2019 Research from CPA Canada finds that a third of Canadian adults can't ...

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Canadian women to control nearly $4 trillion by 2028

Canadian women to control nearly $4 trillion by 2028

March 6, 2019 | Posted by: Aaron Baxandall

In families where women work, their earnings now account for a record 47% of family income IE Staff  March 4, 2019 Canadian women control $2.2 trillion of financial assets and that number is ex ...

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No right answer to rent-or-buy debate. But there's no question who ends up ahead

No right answer to rent-or-buy debate. But there's no question who ends up ahead

March 5, 2019 | Posted by: Aaron Baxandall

The Haider-Moranis Bulletin: The answer depends on individual circumstances, taste preferences and housing market conditions. But home ownership does enable forced savings Haider-Moranis Bulletin Feb ...

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Median household income rising again, StatsCan reports

Median household income rising again, StatsCan reports

February 28, 2019 | Posted by: Aaron Baxandall

The proportion of Canadians living below the official poverty line also declined in 2017 James LangtonFebruary 26, 2019 After two years of stagnation, median household income rose in 2017, according ...

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After aggressive 2018, Bank of Canada will take it easy on interest rate hikes this year

After aggressive 2018, Bank of Canada will take it easy on interest rate hikes this year

February 27, 2019 | Posted by: Aaron Baxandall

Josh Sherman Feb 22, 2019 The unexpectedly weak Canadian housing market is one factor making it likely Bank of Canada Governor Stephen Poloz will take a less aggressive approach to interest rates thi ...

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Canada's housing crisis and mortgage stress test are officially election issues

Canada's housing crisis and mortgage stress test are officially election issues

February 21, 2019 | Posted by: Aaron Baxandall

Debate was sparked on Thursday by an NDP motion calling on the government to create 500,000 affordable housing units in the next 10 years Stuart Thomson January 31, 2019 If housing affordabilit ...

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The year higher borrowing costs and stricter mortgage rules hit home

The year higher borrowing costs and stricter mortgage rules hit home

February 14, 2019 | Posted by: Aaron Baxandall

Toronto, Vancouver housing sales plummet to decade-lows in 2018 Bloomberg News Natalie Wong and Erik Hertzberg January 4, 2019 Canada's priciest housing markets saw their worst year for sales in at ...

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There are reasons to be optimistic about real estate in 2019

There are reasons to be optimistic about real estate in 2019

February 7, 2019 | Posted by: Aaron Baxandall

Haider-Moranis Bulletin: Given a lacklustre 2018, and as long as there's no major economic shock, housing markets could see slight growth in prices and sales Murtaza Haider and Stephen Moranis Decemb ...

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OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sources

OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sources

February 6, 2019 | Posted by: Aaron Baxandall

Supporters of easing say the stress test should be flexible and adjusted to account for interest rate moves and market conditions Reuters Matt Scuffham February 4, 2019 Canada's main financial regul ...

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Mortgage stress tests for private lenders not under consideration, Morneau says

Mortgage stress tests for private lenders not under consideration, Morneau says

January 31, 2019 | Posted by: Aaron Baxandall

OTTAWA — Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders. Morneau is throwing cold water on a recent Reuters report saying the ...

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Big banks poised to gain from open banking

Big banks poised to gain from open banking

January 29, 2019 | Posted by: Aaron Baxandall

Clients tend to prefer staying with their existing bank, report finds James Langton January 28, 2019 The prospect of 'open banking' is setting the stage for a 'major transformation' of the financial ...

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Liberals looking to make home-buying more affordable for millennials: Morneau

Liberals looking to make home-buying more affordable for millennials: Morneau

January 28, 2019 | Posted by: Aaron Baxandall

The Canadian Press January 22, 2019 OTTAWA — The Trudeau government is looking for ways to make home-buying more affordable for millennials, Finance Minister Bill Morneau said Tuesday ...

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Rents Rise By Double Digits In 17 Of 24 Canadian Cities: Padmapper

Rents Rise By Double Digits In 17 Of 24 Canadian Cities: Padmapper

January 24, 2019 | Posted by: Aaron Baxandall

Daniel Tencer,HuffPost Canada Wed, Jan 16   Soaring rents are no longer just a Toronto and Vancouver problem. The latest survey from rental site Padmapper shows rents jumped by double digits o ...

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How to maintain a healthy relationship with your tenants

How to maintain a healthy relationship with your tenants

January 23, 2019 | Posted by: Aaron Baxandall

Jan 31, 2018 / Lauren Ro@blauring   Be communicative and respectful  Now that you have tenants to manage and a property to maintain, perhaps the most important thing to consider is h ...

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Almost half of Canadians $200 or less away from insolvency: poll

Almost half of Canadians $200 or less away from insolvency: poll

January 22, 2019 | Posted by: Aaron Baxandall

The Canadian Press  January 21, 2019 The number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quart ...

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Real estate industry sees sweeping changes in technology used to buy and sell homes

Real estate industry sees sweeping changes in technology used to buy and sell homes

January 17, 2019 | Posted by: Aaron Baxandall

Linda Nguyen The Canadian Press December 30, 2018 Real estate agent Shawn Zigelstein remembers a time, just a few years ago, when a printer, scanner and fax machine were the most important tools of h ...

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Big Six economists forecast moderate growth for 2019

Big Six economists forecast moderate growth for 2019

January 10, 2019 | Posted by: Aaron Baxandall

Economists cautiously optimistic despite many risks on the horizon Mark Burgess January 9, 2019 After a tumultuous end to 2018, economists are forecasting a more stable year ahead—though one wi ...

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Bank of Canada will likely press pause on 2019 rate hikes, BlackRock says

Bank of Canada will likely press pause on 2019 rate hikes, BlackRock says

January 9, 2019 | Posted by: Aaron Baxandall

Katherine Greifeld, Bloomberg News The world's largest money manager expects the Bank of Canada to hit the brakes on policy tightening in 2019. With officials set to convene in Ottawa, BlackRock Inc ...

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Impact of tighter stress tests to continue reverberating in 2019

Impact of tighter stress tests to continue reverberating in 2019

January 4, 2019 | Posted by: Aaron Baxandall

by Ephraim Vecina03 Jan 2019     The stricter mortgage qualification rules introduced at the beginning of 2018 will continue to bear down upon both sales activity and base prices acr ...

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8 tips you won't get from your bank in 2019

8 tips you won't get from your bank in 2019

January 3, 2019 | Posted by: Aaron Baxandall

If you've got a mortgage – or plan to get one this year – you probably know that it's more complicated than it used to be just a few short years ago. That said, I have many tips and strate ...

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1 in 4 Canadians wants to cut their debts in 2019

1 in 4 Canadians wants to cut their debts in 2019

January 3, 2019 | Posted by: Aaron Baxandall

by Steve Randall02 Jan 2019   With interest rates rising, many Canadians are prioritizing paying down their debts in 2019 according to a CIBC poll. The survey found that 29% of respondents inc ...

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Interest rate could hit 6% by 2020

Interest rate could hit 6% by 2020

January 2, 2019 | Posted by: Aaron Baxandall

by Neil Sharma04 Oct 2018     Interest rates could hit 6% by 2020, according to Moody's Analytics. The prediction, using RPS data, is based on policymakers realizing plans to quell ...

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Need cash in a hurry? Here are the best and worst ways to get it

Need cash in a hurry? Here are the best and worst ways to get it

December 20, 2018 | Posted by: Aaron Baxandall

Erica Alini National Online Journalist, Money/Consumer  Global News   Running out of money is a financial worst-case scenario – but it happens. It doesn't take a catastrophe to ...

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Why your neighbour's kid is getting a better mortgage rate than you

Why your neighbour's kid is getting a better mortgage rate than you

December 19, 2018 | Posted by: Aaron Baxandall

Ted Rechtshaffen: The government has effectively decided to support home buyers who do not necessarily have the funds to buy a house November 13, 2018 Financial Post I used to think paying down debt ...

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Mortgage rules now 'overkill' that are hitting millennials particularly hard, home builders say

Mortgage rules now 'overkill' that are hitting millennials particularly hard, home builders say

December 7, 2018 | Posted by: Aaron Baxandall

Canada's home builders are urging the federal government to relax the mortgage rules that have succeeded in cooling the housing market Natalie Wong November 30, 2018 Canada's home builders are urging ...

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Whistler condo prices soar over 26 per cent as baby boomers snap up winter getaway properties

Whistler condo prices soar over 26 per cent as baby boomers snap up winter getaway properties

December 6, 2018 | Posted by: Aaron Baxandall

And it's not just in Whistler; Royal LePage says demand for condos in winter recreational real estate areas is nearly double that of detached homes The Canadian Press Linda Nguyen November 28, 2018 ...

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Holiday Debt A Risk To Canadians' Mental Health, But We're Going For It Anyway

Holiday Debt A Risk To Canadians' Mental Health, But We're Going For It Anyway

November 30, 2018 | Posted by: Aaron Baxandall

'It ruins the holiday season for them.' Daniel Tencer BUSINESS 11/22/2018 A new survey of Canadians' financial situations shows a great number will likely take on debt to fund the holiday season, ev ...

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Canadians appear to have dodged that housing crash everybody's been so afraid of for 10 years

Canadians appear to have dodged that housing crash everybody's been so afraid of for 10 years

November 21, 2018 | Posted by: Aaron Baxandall

How did we manage that? Bloomberg News Greg Quinn November 16, 2018   Canada's once-lofty housing market is achieving a best-case soft landing for policy makers trying to cool things down wit ...

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5 tips for renewing your mortgage

5 tips for renewing your mortgage

November 20, 2018 | Posted by: Aaron Baxandall

Mortgage stress tests mean borrowers no longer negotiating from position of power Mark Ting · for CBC News · Oct 21, 2018   Until recently, homeowners looked forward to renewing ...

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Mortgage risks fading thanks to higher rates, tougher rules: Bank of Canada

Mortgage risks fading thanks to higher rates, tougher rules: Bank of Canada

November 16, 2018 | Posted by: Aaron Baxandall

Central bank report offers more details about the impacts of new guidelines and rising interest rates The Bank of Canada provided a closer look Wednesday at just how much stricter mortgage rules and ...

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The case for 30-year mortgages as a financial stress reliever for new buyers

The case for 30-year mortgages as a financial stress reliever for new buyers

November 15, 2018 | Posted by: Aaron Baxandall

Rob Carrick Personal Finance Columnist The No. 1 question to ask about your next mortgage is not whether you got the lowest possible interest rate, or how fast you'll pay it off. Instead, ask yoursel ...

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What You Need To Earn To Afford A Single-Family Home Across Canada

What You Need To Earn To Afford A Single-Family Home Across Canada

November 14, 2018 | Posted by: Aaron Baxandall

HuffPost Canada November 9, 2018 Home affordability has become so strained in Canada's priciest markets that if incomes don't catch up, house prices will fall, says the co-author of National Bank of ...

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Finally, mortgage renewals have entered a new era

Finally, mortgage renewals have entered a new era

November 8, 2018 | Posted by: Aaron Baxandall

Matt Lundy November 6, 2018   As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a 'completely new phenomenon' – higher int ...

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CMHC forecasts moderation in housing market over next two years

CMHC forecasts moderation in housing market over next two years

November 7, 2018 | Posted by: Aaron Baxandall

Canadian households remain vulnerable due to heavy debt loads Linda Nguyen The Canadian Press November 6, 2018 Canada Mortgage and Housing Corp. says the country's real estate market is expected to ...

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CMHC survey reveals a vast majority of first-time home buyers maxed-out their budgets

CMHC survey reveals a vast majority of first-time home buyers maxed-out their budgets

November 1, 2018 | Posted by: Aaron Baxandall

Linda Nguyen The Canadian Press October 18, 2018   The country's real estate market may be taking a breather, but a new survey suggests the vast majority of recent homebuyers are maxing out the ...

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M3 makes announcement at National Mortgage Conference

M3 makes announcement at National Mortgage Conference

October 31, 2018 | Posted by: Aaron Baxandall

by Neil Sharma 28 Oct 2018   M3 launched Innovation Lab yesterday on the tradeshow floor of the National Mortgage Conference in Montreal. Innovation Lab is touted as collaboration between the ...

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RBC, TD, CIBC and BMO raise prime rates following Bank of Canada interest rate hike

RBC, TD, CIBC and BMO raise prime rates following Bank of Canada interest rate hike

October 25, 2018 | Posted by: Aaron Baxandall

The increase will raise the cost of loans with interest rates linked to the prime rate such as variable-rate mortgages and home equity lines of credit The Canadian Press October 24, 2018   TOR ...

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Number of mortgages fell 3.4% in second quarter as stress test rules keep young buyers out

Number of mortgages fell 3.4% in second quarter as stress test rules keep young buyers out

October 24, 2018 | Posted by: Aaron Baxandall

 Number of mortgages fell 3.4% in second quarter as stress test rules keep young buyers out With high prices, rising rates and new mortgage rules, millennials are taking 18% fewer mortgages CBC ...

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OSFI to take new measures to address equity-based mortgage loans

OSFI to take new measures to address equity-based mortgage loans

October 18, 2018 | Posted by: Aaron Baxandall

OSFI says some mortgage approvals still depend too much on the amount of equity in a home, and not enough on whether loans can actually be paid back Geoff Zochodne October 9, 2018   A federal ...

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Preparing to list your condo? 10 tips from a certified home stager

Preparing to list your condo? 10 tips from a certified home stager

October 10, 2018 | Posted by: Aaron Baxandall

Kelsey Pudloski Aug 31, 2018 Staging a condo is arguably more complicated than preparing a single-family home for sale. With limited square footage, there are fewer opportunities to let the potential ...

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5 questions every first-time homebuyer should ask their mortgage advisor

5 questions every first-time homebuyer should ask their mortgage advisor

September 27, 2018 | Posted by: Aaron Baxandall

Between considering mortgage terms and insurance to viewing properties with your realtor, buying your first home is a busy and stressful time. And when you’re talking about the biggest financial ...

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Mortgage growth is slowing, but home equity loans are ticking up at twice the pace, says CMHC

Mortgage growth is slowing, but home equity loans are ticking up at twice the pace, says CMHC

September 20, 2018 | Posted by: Aaron Baxandall

New mortgage loans down 7.7% from last year The Canadian Press July 31, 2018   TORONTO — The Canada Mortgage and Housing Corporation says the country’s mortgage debt increased at ...

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Millennial housing crisis? Turns out, it's real and worse than you thought

Millennial housing crisis? Turns out, it's real and worse than you thought

September 14, 2018 | Posted by: Aaron Baxandall

With housing prices up by thousands of dollars and wages down buying a house is next to impossible for the 25 to 34 set Naomi Powell June 7, 2018   Grant Duarte’s parents were just 25 wh ...

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Cooling housing market good for banks: Fitch

Cooling housing market good for banks: Fitch

August 23, 2018 | Posted by: Aaron Baxandall

Price appreciation has slowed in the greater Toronto and Vancouver areas James Langton August 22, 2018 A combination of regulatory policy changes and rising interest rates is helping to cool the Can ...

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Aaron Baxandall - Winner of the 2018 Young Guns for CMP Magazine

Aaron Baxandall - Winner of the 2018 Young Guns for CMP Magazine

August 16, 2018 | Posted by: Aaron Baxandall

CMP Young Guns 2018   Recruiting, engaging, training and retaining young talent in the mortgage industry has long been a concern, yet the individuals on the following pages paint a bright pic ...

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OSFI announces compliance deadlines for bank word restrictions

OSFI announces compliance deadlines for bank word restrictions

August 15, 2018 | Posted by: Aaron Baxandall

Amendments will permit regulated non-bank institutions to use “generic bank terms” James Langton August 14, 2018 Trust and loan companies and credit unions will have until Aug. 31, 2019 ...

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Waiting to see if declines in real estate sales translate into falling prices

Waiting to see if declines in real estate sales translate into falling prices

August 14, 2018 | Posted by: Aaron Baxandall

Buyers, owners, professionals and economists wait anxiously for latest clues on real estate future Don Pittis · CBC News · Posted: Aug 14, 2018 4:00 AM ET   T ...

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Stand by for a boomers homebuying boom

Stand by for a boomers homebuying boom

August 9, 2018 | Posted by: Aaron Baxandall

 by Steve Randall 09 Aug 2018 Baby boomers are set to play a key role in Canada’s housing market as they plan to buy but consider their current markets unaffordable. Royal le Page says th ...

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Skipping home inspections a major red flag for new buyers

Skipping home inspections a major red flag for new buyers

August 8, 2018 | Posted by: Aaron Baxandall

Having a detailed walk-through to locate problems worththe investment in long runMike Holmes May 5, 2018Depending on where you live, the real estate market has been really hot the last few years. Thes ...

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Canada's housing sector faces high degree of instability for eighth straight quarter, CMHC warns

Canada's housing sector faces high degree of instability for eighth straight quarter, CMHC warns

July 31, 2018 | Posted by: Aaron Baxandall

Overvaluation and price acceleration in Toronto, Vancouver, Victoria, and Hamilton to blame The Canadian Press July 26, 2018   TORONTO — The Canada Mortgage and Housing Corporation says ...

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Mortgages, auto loans and credit card debt: How the poor are fueling the booming U.S. economy

Mortgages, auto loans and credit card debt: How the poor are fueling the booming U.S. economy

July 30, 2018 | Posted by: Aaron Baxandall

With borrowing costs rising and effects of tax cuts set to wear off, a shock could push the most vulnerable over the edge, and take the recovery with them PHILADELPHIA — By almost every measure ...

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Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation

Allegations of inflated property values at centre of RCMP syndicated mortgage fraud investigation

July 25, 2018 | Posted by: Aaron Baxandall

Police say millions of dollars, including retirement savings involved Joanne Levasseur · CBC News · Posted: Jul 19, 2018   Inflated property values and the promotion of non-quali ...

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Fear Of Missing Out, Perception Of Foreign Buyers Driving Up House Prices: CMHC

Fear Of Missing Out, Perception Of Foreign Buyers Driving Up House Prices: CMHC

July 3, 2018 | Posted by: Aaron Baxandall

'Expectations of future price growth' are also prompting buyers to pay more. Canadian Press TORONTO — The Canada Mortgage and Housing Corporation says homebuyers in Toronto, Vancouver and Montr ...

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Give potential buyers a home they would want

Give potential buyers a home they would want

June 28, 2018 | Posted by: Aaron Baxandall

Deep clean, inspection, repairs all key Mike Holmes June 15, 2018 April showers bring May flowers and June bugs — but with the changing of the seasons, and rising temperatures, we typically se ...

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Nearly half of existing mortgages face renewal in 2018: report

Nearly half of existing mortgages face renewal in 2018: report

April 27, 2018 | Posted by: Aaron Baxandall

The increase in renewals comes as mortgage rates have been risingArmina Ligaya, Guillaume Poulin-Goyer The Canadian Press April 11, 2018 Nearly half of all existing mortgages in Canada will need to b ...

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Silicon Valley Bank pursues expansion in Canada

Silicon Valley Bank pursues expansion in Canada

March 15, 2018 | Posted by: Aaron Baxandall

Silicon Valley Bank pursues expansion in Canada Barbara Dirks to lead Canadian team  Leah Golob March 14, 2018 Santa Clara, Calif.-based Silicon Valley Bank is making headway in its p ...

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Stress tests, foreign buyers and higher rates likely to impact housing market in 2018

Stress tests, foreign buyers and higher rates likely to impact housing market in 2018

January 2, 2018 | Posted by: Aaron Baxandall

New OSFI regulations and a requirement for more open data have changed the rulesBy Pete Evans, CBC News Posted: Jan 02, 2018 5:00 AM ET Real estate was a major topic in the business world in 2017, an ...

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New mortgage stress test rules will block 50,000 people from buying: mortgage group

New mortgage stress test rules will block 50,000 people from buying: mortgage group

December 7, 2017 | Posted by: Aaron Baxandall

CBC  New rules aimed at cracking down on the mortgage market will result in 100,000 people failing a stress test of their finances, and about half of them will be blocked from buying a home. Th ...

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One last gasp for the Canadian residential market as rule changes cloud 2018 outlook

One last gasp for the Canadian residential market as rule changes cloud 2018 outlook

November 24, 2017 | Posted by: Aaron Baxandall

Realtors are predicting a busy Christmas selling season as homebuyers rush to beat the latest deadline designed to further cool the market Veteran mortgage broker Vince Gaetano figures the residentia ...

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How to clean out the house before you downsize

How to clean out the house before you downsize

November 24, 2017 | Posted by: Aaron Baxandall

Jessica Dickler,CNBC Sun, Aug 27   Empty nesters often face cruel irony: The kids are gone, yet the house full of stuff remains. After half a lifetime of accumulating furniture, artwork, books ...

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Growing role of families in homebuying raises important questions

Growing role of families in homebuying raises important questions

November 8, 2017 | Posted by: Aaron Baxandall

Content from: Mortgages report November 1, 2017 Globe and Mail    The Canadian dream of owning a home is alive and well, and it is something the different generations agree on. But is it o ...

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OSFI sets new mortgage rules, including stress test for uninsured borrowers

OSFI sets new mortgage rules, including stress test for uninsured borrowers

October 18, 2017 | Posted by: Aaron Baxandall

Previously only those with less than 20% down were tested, but now all borrowers will be By Pete Evans, CBC News Posted: Oct 17, 2017 Canada's top banking regulator has published the final vers ...

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Boomers holding tight, not moving into retirement homes until their 80s: report

Boomers holding tight, not moving into retirement homes until their 80s: report

October 13, 2017 | Posted by: Aaron Baxandall

Not so fast. Canadian seniors are a long way from ready for retirement homes. Only a small percentage of younger seniors are opting for some type institutional setting but a tsunami is coming when the ...

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Downside to easy approval? Home equity lenders say they 'fill a need,' critics warn of risk

Downside to easy approval? Home equity lenders say they 'fill a need,' critics warn of risk

October 12, 2017 | Posted by: Aaron Baxandall

While federally regulated banks dominate Canada's residential mortgage lending market, business appears to be growing for 'alternative' lenders Financial Post | August 21, 2017 By Dan Fumano Their ...

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How to pick the right mortgage amid growing uncertainty over rates

How to pick the right mortgage amid growing uncertainty over rates

October 5, 2017 | Posted by: Aaron Baxandall

  Robert McLister Special to The Globe and Mail September 21, 2017 September 21, 2017 If you got a mortgage last year, you snagged one of the lowest rates in history. Last September, folks w ...

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Equifax data breach: Tips for Canadians whose info may have been hacked

Equifax data breach: Tips for Canadians whose info may have been hacked

September 11, 2017 | Posted by: Aaron Baxandall

By Katie Dangerfield National Online Journalist, Global News   Credit reporting giant Equifax has yet to reveal how many Canadians had their personal information hacked over the sprin ...

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Big banks hike prime rates after Bank of Canada tightens monetary policy

Big banks hike prime rates after Bank of Canada tightens monetary policy

September 7, 2017 | Posted by: Aaron Baxandall

CBC In the wake of the Bank of Canada's move Wednesday to boost a key interest rate, Canada's big banks have boosted their prime rates. RBC was first off the mark, followed quickly by the other ...

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4 Reasons Why In-Person Meetings Provide Unmatched Value

4 Reasons Why In-Person Meetings Provide Unmatched Value

August 18, 2017 | Posted by: Aaron Baxandall

Video calls, emails and texts are great, but they just don't capture the full value of meeting face-to-face. A few weeks ago, I had an early morning meeting (on a Saturday) in California wi ...

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Mike Holmes: Small changes add up to make more efficient homes

Mike Holmes: Small changes add up to make more efficient homes

August 16, 2017 | Posted by: Aaron Baxandall

  Mike Holmes | April 22, 2017 | Financial Post Earth Day falls on April 22nd every year, and it’s a good reminder that we need to think about the way we treat our planet. It’s impo ...

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How you own your home matters for tax planning

How you own your home matters for tax planning

August 14, 2017 | Posted by: Aaron Baxandall

For many Canadians, owning a home represents financial security over the long term. It may be the biggest single asset you ever own. But when it comes to choosing a home, don’t forget the top t ...

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Regulators set their sights on double ending

Regulators set their sights on double ending

August 10, 2017 | Posted by: Aaron Baxandall

Critics argue that realtors cannot fairly represent both buyer and seller, a practice more common in smaller markets   A 5.5-acre Whistler property with separate staff residence and infinity po ...

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Canadian economy's addiction to real estate fees is 'stunning,' says analyst

Canadian economy's addiction to real estate fees is 'stunning,' says analyst

August 3, 2017 | Posted by: Aaron Baxandall

As home sales slip, the loss of commissions, taxes and legal costs could be serious By Jacqueline Hansen, CBC News Posted: Jul 31, 2017 5:00 AM ET Last Updated: Jul 31, 2017 11:14 AM ET   ...

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Cancel the panic: Canadians have been borrowing like crazy for good reason

Cancel the panic: Canadians have been borrowing like crazy for good reason

July 25, 2017 | Posted by: Aaron Baxandall

Livio Di Matteo: Household debt has ballooned to $2 trillion, so does this mean Canadians are being irresponsible? The short answer is no By Livio Di Matteo July 18, 2017 Financial Post With headlin ...

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Bank of Canada raises interest rates for first time in 7 years

Bank of Canada raises interest rates for first time in 7 years

July 12, 2017 | Posted by: Aaron Baxandall

Bank of Canada key rate THE GLOBE AND MAIL, SOURCE: BLOOMBERG  The Bank of Canada is hiking its key interest rate for the first time in seven years, joining the U.S. Federal Reserve in star ...

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