Mortgage Blog
Canada's Mortgage Experts - Based in Nanaimo & Courtenay -> Serving Vancouver Island and all of BC
Category: In the News (191 posts)
How a Reverse Mortgage Can Help Canadian Retirees Consolidate Debt
September 5, 2024 | Posted by: Aaron Baxandall
Living with debt is a challenge at any stage of life, but navigating debt during retirement can be particularly daunting, especially without a steady income stream. Fortunately, a financial solution c ...
read moreWhere is the housing market going in 2023?
April 19, 2023 | Posted by: Aaron Baxandall
Where is the housing market going in 2023? With 2023 underway, and the latest Bank of Canada rate increase to 4.5%, combined with the stress of the increased cost of living on Canadian households, th ...
read moreFederal Budget 2023: Highlights for Homeowners/Homebuyers
April 14, 2023 | Posted by: Aaron Baxandall
Federal Budget 2023: Highlights for Homeowners/Homebuyers - A two-year ban on non-resident, non-Canadians purchasing residential property is in effect to curb speculation and ensure houses are used ...
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Increase cash Flow with an income property
February 22, 2023 | Posted by: Aaron Baxandall
If you have owned your home for several years, you most likely have a large amount of equity. You can use this equity to purchase a rental property and increase your monthly cash flow. With rent pri ...
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Benefits to buying in today's market
February 21, 2023 | Posted by: Aaron Baxandall
Here are three benefits to buying in today’s market; 1. Higher rates mean less competition giving you more buying power. 2. Prices are finally starting to come down after rec ...
read moreHow housing is helping immigrant families close the wealth gap
February 16, 2021 | Posted by: Aaron Baxandall
Haider-Moranis Bulletin: For immigrant families, housing alone has been the primary driver of wealth growth Murtaza Haider and Stephen Moranis April 18, 2019 The recent slump in real estate ...
read moreHousing affordability is so bad most Canadians are open to moving
February 16, 2021 | Posted by: Aaron Baxandall
Josh Sherman Jul 17, 2019 If you've ever thought of picking up and leaving your city because it's too expensive, you're not alone. High housing costs have many Canadians mulling moves to other citie ...
read moreCanada can expect a slow-and-steady credit growth after the pandemic: economist
February 16, 2021 | Posted by: Aaron Baxandall
Stephanie Hughes Financial Journalist Yahoo Finance Canada July 7, 2020 Canadian credit borrowing will see a slow return to normal, with the credit growth trend expected to stay below average ...
read moreAverage Home Prices in Canada Now More Than 40% Above U.S. Levels: BMO
February 3, 2021 | Posted by: Aaron Baxandall
by Kayla Gladysz Shutterstock When the going gets tough, the tough... look to the Canadian housing market for inspiration on how to keep their cool. Or, at least, that's what you ...
read moreCanadians Believe More in the Housing Market Than the Overall Economy
January 14, 2021 | Posted by: Aaron Baxandall
by Toronto Storeys Despite the negative implications COVID-19 has had on nearly every business sector, it appears the pandemic hasn't had an (lasting) effect on the the real estate indus ...
read moreHousing Competition Strongly Favors Sellers in 25 Major Housing Markets Across Canada: REPORT
December 23, 2020 | Posted by: Aaron Baxandall
BY JANNINE RANE December 17, 2020 in Infographics, Real Estate News Housing market activity remained at historically high levels across Canada, ...
read moreWhat is a good credit score in Canada for a mortgage?
December 10, 2020 | Posted by: Aaron Baxandall
Home News by Kandace Gallant 10 Dec 2020 Looking to buy a house in Canada? Before applying for a mortgage pre-approval, you should check your credit score in order to ensure you can b ...
read moreHealthy price increases expected for Canadian housing market
December 4, 2020 | Posted by: Aaron Baxandall
Home Market Update by Steve Randall 02 Dec 2019 The highs and lows that have defined the Canadian housing market in recent years will be replaced by a more stable enviro ...
read moreKeep your home warm without blasting the heat
November 13, 2020 | Posted by: Aaron Baxandall
When the leaves turn, the battle over the thermostat begins. One family member wants to crank up the heat right away, while another insists on saving money by waiting until Nov. 1 on the dot. And once ...
read moreCREA reports Canadian home sales set record for September
October 16, 2020 | Posted by: Aaron Baxandall
Published Thursday, October 15, 2020 9:46AM EDT Last Updated Thursday, October 15, 2020 11:30AM EDT OTTAWA -- The number of Canadian homes sold last month set a record for the month of Septem ...
read moreAs COVID shifts home renos into high gear, here's where to get the most value
September 29, 2020 | Posted by: Aaron Baxandall
By Dale Jackson He ...
read more'Pent-up demand is just about running its course': August was another record month for Canadian real estate
September 16, 2020 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada September 15, 2020 Canadian real estate continues to defy expectations with yet another record month for sales and average prices during the COVID-19 pandemic. The C ...
read moreReal estate industry experts question CMHC's 'bizarre' move
August 24, 2020 | Posted by: Aaron Baxandall
Myke Thomas Aug 22, 2020 On July 1, Canada Mortgage and Housing Corporation (CMHC) tightened its underwriting policies for high ratio borrowers, including increasing credit score requirements and low ...
read more'Interest rates will be low for a long time': Canadian home sales jumped in June
July 16, 2020 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada July 15, 2020 Canada's real estate markets continue to snap back after COVID-19 lockdowns put a damper on the typically busy spring market. The Canad ...
read moreRefinancing and mortgage renewal requests soar as homeowners rush to reap the lowest rate
July 15, 2020 | Posted by: Aaron Baxandall
Vanmala Subramaniam Jul 09, 2020 Real estate markets might have experienced a temporary freeze in April and May, but mortgage brokers across the country are reporting some of their bus ...
read moreHow coronavirus changed home buying for good
July 4, 2020 | Posted by: Aaron Baxandall
Jen Rogers Anchor Yahoo Finance July 2, 2020 The economy isn't fully open across the country and the unemployment rate is still double-digits, but home shopping has roared back. ...
read moreNew CMHC requirements will have buyers flocking to the market: brokers
July 3, 2020 | Posted by: Aaron Baxandall
Stephanie Hughes Financial Journalist Yahoo Finance Canada June 9, 2020 Experts in the real estate industry say CMHC's new, strict lending measures will trigger a surge in home purcha ...
read moreWarren Buffett says this is how to financially survive the coronavirus
July 2, 2020 | Posted by: Aaron Baxandall
Doug Whiteman MoneyWise June 24, 2020 When Warren Buffett speaks or acts, millions of investors pay attention. The folksy financial guru who eats at McDonald's and still lives in his hometown of Oma ...
read moreForecast says economy will grow in 2021 if there isn't another national shutdown
June 25, 2020 | Posted by: Aaron Baxandall
The Canadian Press Staff, June 22, 2020 OTTAWA -- The Conference Board of Canada says the economy may have already begun to recover from the deepest recession on record if the country can avo ...
read moreCMHC tightens lending standards to protect housing market during COVID-19
June 5, 2020 | Posted by: Aaron Baxandall
Tara Deschamps The Canadian Press June 4, 2020 6:20PM TORONTO -- Canadians looking to borrow money for a home purchase a home are in for some extra challenges after the Canada Mortgage and Housing Co ...
read moreScotiabank CEO says coronavirus pandemic will permanently change the way people live and work
May 14, 2020 | Posted by: Aaron Baxandall
Brian Porter said despite the strains currently being put on the banking system, it would endure the crisis — and so would Scotiabank Geoff Zochodne Financial Post April 7, 2020 The ch ...
read moreMost real estate will emerge OK post-pandemic: Benjamin Tal | RENX – Real Estate News EXchange
May 11, 2020 | Posted by: Aaron Baxandall
May 6, 2020 Megan Johnson Multifamily, office and industrial real estate will emerge from the COVID-19 crisis as winners, while losers will include the energy, transportation and hospitality ...
read more'You don't want to waste a crisis': Economists ponder playbook to restart and strengthen economy
April 30, 2020 | Posted by: Aaron Baxandall
Investments in infrastructure like 5G and public transportation will allow Canada to emerge stronger from the crisis Gabriel Friedman Financial Post April 17, 2020 As the spread of COVID-19 ...
read moreThe Office As We Knew It Isn't Coming Back Anytime Soon. Maybe It's Changed Forever
April 27, 2020 | Posted by: Aaron Baxandall
April 24, 20205:01 AM ET Cubicle culture has gone dark. Open floor plans stand empty. Offices around the world are shut during the pandemic, making work from home the new normal for millions ...
read morePandemic, stress and luxury
April 24, 2020 | Posted by: Aaron Baxandall
How to use your free time to reduce stress and prepare for the future Ellen Bessner April 14, 2020 It's been a month since most of us have been out of our normal routine due to this pandemic and we ...
read moreWhy It's Important To 'Buy Local' During A Pandemic
April 7, 2020 | Posted by: Aaron Baxandall
Shopping Canadian can help you avoid supply chain shifts and also support local business. By Melanie Woods Our world runs on supply chains. The flour you bake with, the clothes you're wearing, heck ...
read moreSomething odd is going on with mortgage rates: they're going up, even as the key rate goes down
April 1, 2020 | Posted by: Aaron Baxandall
By Tess KalinowskiReal Estate Reporter A second surprise rate-cut this month from Canada's central bank, has mortgage experts reluctant to predict what is in store for consumers, who are reeling from ...
read moreStick to financial plan despite market fall, experts tell retirees and savers alike
March 31, 2020 | Posted by: Aaron Baxandall
Aleksandra Sagan The Canadian Press Published Friday, March 20, 2020 VANCOUVER -- Near the end of 2018, Sheldon Petrie moved $40,000 into a self-directed registered retirement savings plan and watche ...
read moreCanada remains AAA in the face of Covid-19: DBRS
March 30, 2020 | Posted by: Aaron Baxandall
A strong balance sheet provides capacity to absorb a large negative shock James Langton March 27, 2020 Despite the negative effects of the Covid-19 outbreak on Canada's growth outlook, and the federa ...
read morePattie Lovett-Reid: Need to defer mortgage payments? Know the costs first
March 25, 2020 | Posted by: Aaron Baxandall
By Pattie Lovett-Reid Chief Financial Commentator, CTV A word of caution before you defer your mortgage payments amid the COVID-19 pandemic: it will cost you in the long run. Remember, a deferr ...
read moreCoronavirus Will Change How We Shop, Travel and Work for Years
March 17, 2020 | Posted by: Aaron Baxandall
Enda Curran Bloomberg Every economic shock leaves a legacy. The deadly coronavirus will be no different. The great depression spurred a 'waste not want not' attitude that defined consumer patterns f ...
read moreBank of Canada cuts interest rate by 50 points to 1.25 per cent
March 5, 2020 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada March 4, 2020 The Bank of Canada cut its key benchmark interest rate by 50 basis points Wednesday morning over concerns about what the coronavirus could do to the eco ...
read moreMortgage stress test relief could boost what's expected to be tepid growth for Canada's banks
March 3, 2020 | Posted by: Aaron Baxandall
First quarter earnings kick off Friday following the sector's worst year for growth since the financial crisis Reuters Nichola Saminather February 20, 2020 TORONTO — Canadian banks are set to ...
read moreReverse mortgages are cheaper than ever. Should you use one to tap into your home's equity?
February 28, 2020 | Posted by: Aaron Baxandall
By David Aston Tues., Feb. 25, 2020 If you're a cash-strapped retiree with lots of equity in your home, you're probably wondering how you might turn soaring housing prices to your advantage w ...
read moreOttawa changing stress test rate for insured mortgages starting April 6
February 20, 2020 | Posted by: Aaron Baxandall
The Canadian PressFebruary 18, 2020 OTTAWA — The federal government is changing the stress test rate for insured mortgages starting April 6 that experts say should make it marginally easier for ...
read moreWhy Canada's Consumers And Businesses Are Going Broke During 'Good' Times
February 13, 2020 | Posted by: Aaron Baxandall
Ordinarily, these types of insolvencies happen during an economic crisis, not during boom times. By Daniel Tencer MONTREAL ? Canada's economy put in a strong showing in 2019, but it wasn't enough t ...
read moreSurvey finds Canadians are concerned about qualifying for a mortgage
February 10, 2020 | Posted by: Aaron Baxandall
Advisors can help allay client concerns IE Staff January 10, 2020 If your client is shopping for a home or has homeownership as a goal, they might be worrying about the mortgage process. An Ipsos s ...
read moreWhy worries about the coronavirus are pushing mortgage rates down
January 30, 2020 | Posted by: Aaron Baxandall
Fear has pushed investors to buy up bonds, which is causing cheaper borrowing for home buyers Pete Evans · CBC News · Jan 29, 2020 Economists are busy trying to calculate the pot ...
read moreLonger-term mortgages rare, but could help consumers
January 28, 2020 | Posted by: Aaron Baxandall
Michelle Schriver January 21, 2020 In Canada, a residential mortgage typically has a maturity date of five years or fewer, but the country's central bank has noted that a longer date to maturit ...
read moreBank of Canada Opens Door to Rate Cut on Persistent Slowdown
January 23, 2020 | Posted by: Aaron Baxandall
Erik Hertzberg and Theophilos Argitis Bloomberg January 22, 2020 (Bloomberg) -- Stephen Poloz, one of the few central bankers to resist the global push toward easier monetary policy last year ...
read moreWhat to expect for the housing market in 2020
January 17, 2020 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada December 31, 2019 It's shaping up to be a pretty strong year ahead for Canada's real estate market. In a new report, Zoocasa expects strong moment ...
read moreReverse mortgage business is booming in Canada as seniors tap home equity to pay debts
January 16, 2020 | Posted by: Aaron Baxandall
Canada's largest reverse mortgage lender posted record originations last year Barbara Shecter Updated: January 14, 2020 Canada's largest reverse mortgage lender posted record originations last year ...
read moreCanadian economy added 35,200 jobs in December, unemployment rate falls
January 13, 2020 | Posted by: Aaron Baxandall
Full-time employment rose by 38,400 jobs, while the number of part-time jobs fell by 3,200 Craig Wong Canadian Press January 10, 2020 The Canadian job market bounced back in December to post a ...
read morePattie Lovett-Reid: Kick your 2020 financial plan into gear
January 8, 2020 | Posted by: Aaron Baxandall
By Pattie Lovett-Reid 1. New year, new plan. By now, you should know your net worth. Set some financial goals with a dollar amount next to it. It is really that simple. I don't care h ...
read moreBC, Ontario to start off the next decade with strong growth
January 7, 2020 | Posted by: Aaron Baxandall
by Ephraim Vecina 02 Jan 2020 The best market growth in 2020 will be observed in the perennial housing hotspots of British Columbia and Ontario, according to a new analysis by real ...
read moreMore than a third of Canadians have no retirement savings, half live paycheque to paycheque, poll finds
December 19, 2019 | Posted by: Aaron Baxandall
A third of people can't afford to pay off their credit card Colin McClelland September 30, 2019 More than half of Canadians live paycheque to paycheque and more than a third have no retirement savi ...
read moreThe Canadian housing market's strength has policymakers a little bit worried
December 11, 2019 | Posted by: Aaron Baxandall
Sean MacKay Nov 29, 2019 If you were paying attention to Canadian housing market headlines early in 2019, you probably started the year feeling pessimistic about market prospects looking ahea ...
read moreMillennials are facing all the risk and none of the reward in today's financial realities
December 3, 2019 | Posted by: Aaron Baxandall
Millennials are facing all the risk and none of the reward in today's financial realities Take home ownership, for example, 35 years ago a home cost 3.4 times a family income; today its almost 9 time ...
read moreCanada's economy faces a prolonged period of sluggish growth
December 2, 2019 | Posted by: Aaron Baxandall
Erik Hertzberg, Bloomberg News Capital inflows into Canada still elevated despite dipping in third quarter Canada's economy is shifting into a lower gear as some of the country's growth drivers ...
read more'The prospects of recovering the money are near zero': The scam homebuyers need to be aware of
November 26, 2019 | Posted by: Aaron Baxandall
Elisabetta Bianchini, Yahoo News Canada While an increasing number of Canadians have been receiving a number of scam calls, there is another type of fraud, with significantly large monetary loss ...
read moreWhen it comes to mortgage break penalties, big banks are often the worst
November 16, 2019 | Posted by: Aaron Baxandall
Committing to a mortgage for five long years exposes people to the most insidious aspect of residential financing: prepayment charges. And when it comes to such charges – the penalties you pay ...
read moreFirst-Time Homebuyers: What Boomers Got Vs. What Millennials Are Getting
November 15, 2019 | Posted by: Aaron Baxandall
Daniel Tencer,HuffPost Canada Mon, Oct 28 The homeowner life in Canada is changing. We see it everywhere: The once-endless expansion of suburban neighbourhoods has slowed, and highrise cranes ...
read moreHousehold Debt Soaring Among Canada's Young Adults, And It's Not Mortgages
November 14, 2019 | Posted by: Aaron Baxandall
Expect to see more regulation of consumer borrowing, Transunion High house prices and the mortgage stress test are making it as difficult as it's ever been to buy a house, but young Canadians are fi ...
read moreCommon false assumptions on reverse mortgages
November 12, 2019 | Posted by: Aaron Baxandall
We will lose ownership of our home as the Bank will now own our home. This is not true. Just like with any other mortgage, the home is used to secure the loan which means that HomeEquity Bank is reg ...
read more6 Things to Do to Prepare for Your Home Renovation
November 5, 2019 | Posted by: Aaron Baxandall
Skipping these steps could turn your remodeling project into a DIY disaster. Devon Thorsby, Editor, Real Estate The cold days of winter are the perfect time to sit down and plan the improvements, re ...
read moreGiving teens a credit card early may teach financial lessons early
November 4, 2019 | Posted by: Aaron Baxandall
Armina Ligaya, The Canadian Press TORONTO -- For teens finishing off their last years of high school, some financial experts say parents may want to consider an unlikely tool to prepare them for the ...
read moreCanadian homes are expected to get even more expensive
October 31, 2019 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada October 24 If you think home prices are out of control now, just give it a couple of years. Fewer homes are being built and sold compared to 2017. But ...
read moreCanada's real estate market in full recovery mode as home sales rise
October 30, 2019 | Posted by: Aaron Baxandall
Theophilos Argitis, Bloomberg News Canada's realtors produced another strong month of sales and prices in September, with gains in most major markets in a sign of strength for the nation's housing ma ...
read moreUpgrading Your Floors? The Pros and Cons of 5 Popular Flooring Choices
October 24, 2019 | Posted by: Aaron Baxandall
Consider comfort, durability and, of course, budget when selecting the flooring for your home. When it comes time to renovate your home, one of the biggest decisions you'll have to make is what type ...
read moreNewcomers represent one in five home purchases in Canada
October 21, 2019 | Posted by: Aaron Baxandall
Ephraim Vecina 16 Oct 2019 At present, newcomers to Canada account for around 21% of home purchases nationwide, according to a new report by Royal LePage. The analysis defined newcomers as those who ...
read more13 factors that could significantly lower your home's resale value
October 17, 2019 | Posted by: Aaron Baxandall
Kelsey Pudloski Oct 5, 2019 The goal of home ownership — beyond the 'keeping a roof over your head' bit — is to make a return on your investment. You purchase a starter home in an ...
read moreSeptember home sales surge signals the real estate market is returning to equilibrium
October 15, 2019 | Posted by: Aaron Baxandall
Haider-Moranis Bulletin: While the industry has greeted the rebound with relief, the question of why is unclear October 11, 2019 Housing markets in Toronto and Vancouver appear to be on the mend, as ...
read moreThe interesting history of capital gains tax in Canada — and its significant impact on real estate
October 10, 2019 | Posted by: Aaron Baxandall
Haider-Moranis Bulletin: Recent campaign controversy suggests inclusion of the principal residence in capital gains remains a hot button topic September 19, 2019 Housing affordability is front and c ...
read morePace of household credit growth hit 2-year high in August
October 10, 2019 | Posted by: Aaron Baxandall
As debt grows, more women are filing for insolvency Maddie Johnson October 8, 2019 Total Canadian household credit growth accelerated in August, according to a report released by Scotiabank Economic ...
read moreCanada has tens of thousands of homes sitting vacant
October 8, 2019 | Posted by: Aaron Baxandall
Jeff Lagerquist Yahoo Finance Canada October 3, 2019 As Canada's political leaders unveil plans to address the nation's housing affordability crisis ahead of the federal election, the number ...
read moreCanadians don't know much about finance
October 3, 2019 | Posted by: Aaron Baxandall
Alicja Siekierska Yahoo Finance Canada October 2, 2019 Canadians across the country are saddled with high levels of debt, but many still say they have a poor understanding of how cred ...
read more3 Questions To Ask If You're Deciding Between An Adjustable-Rate Or Fixed-Rate Mortgage
September 25, 2019 | Posted by: Aaron Baxandall
When you're applying for a mortgage, your interest rate can have a huge effect on your monthly payment. With home loans, there are two different ways that your interest rate can be calculated. You can ...
read moreFour reasons why you might not get the great mortgage rate you saw online
September 24, 2019 | Posted by: Aaron Baxandall
Rob Carrick Personal Finance Columnist March 14, 2019 The internet isn't the friend it once was to people looking for the lowest mortgage rate. All the mortgage-rate comparisons you'll ever ...
read more6 things to know about Trudeau's new plan to make homes more affordable
September 14, 2019 | Posted by: Aaron Baxandall
Nicole Gibillini, BNN Bloomberg The federal government's new incentive aimed at improving affordability for first-time homebuyers is about to launch on Sept. 2. Ottawa has earmar ...
read moreThe growing problem of mortgage fraud among millennials
September 12, 2019 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada September 9, 2019 Out-of-reach home prices are making millennials increasingly comfortable with committing mortgage fraud, according to a new survey f ...
read moreCMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules
August 27, 2019 | Posted by: Aaron Baxandall
CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules 'Critics of the stress test ignore the fact that high house prices are the overwhelming reason why home ownership ...
read more'A reawakening': Canadian home sales rise for fifth straight month as mortgage rates decline
August 27, 2019 | Posted by: Aaron Baxandall
Sales in Vancouver and Toronto remained 'well below' the levels achieved before mortgage stress tests were introduced, CREA said Colin McClelland August 15, 2019 Homes sales across Canada rose for t ...
read moreA dorm with pub crawls, only fancier: co-living comes to Canada
August 26, 2019 | Posted by: Aaron Baxandall
By Bloomberg Mon., June 24, 2019 Canada is getting its first big taste of co-living rentals — the housing trend that's spreading amid the global affordability crunch. Dream Unlimited is develo ...
read moreSafer debt or cooler housing? Goal of mortgage stress test has become unclear, says Equitable Bank CEO
August 22, 2019 | Posted by: Aaron Baxandall
Before you tweak the rules clarify what they are trying to achieve, says Andrew Moor Geoff Zochodne July 31, 2019 The chief executive of Equitable Bank says the goal of stricter mortgage-len ...
read moreThis borrow-to-invest strategy can build you wealth with someone else's money
August 7, 2019 | Posted by: Aaron Baxandall
Borrowing to invest doesn't have to be scary; in fact most people have done it Ted Rechtshaffen August 6, 2019 'Borrowing to invest' can be a scary phrase. There have been many inappropriate cases ...
read moreSmart buildings are getting smarter, but can building managers keep up?
August 1, 2019 | Posted by: Aaron Baxandall
Haider-Moranis Bulletin: Training workers in building informatics, a cross between building science and data science, only way to put the 'smart' to use June 19, 2019 With trillions of dollars in co ...
read moreAlternative lenders gain market share as total mortgage growth slows, CMHC says
July 26, 2019 | Posted by: Aaron Baxandall
Alternative lenders held $13–14B of outstanding mortgages last year Aleksandra Sagan, Canadian Press July 16, 2019 An increasing number of homeowners turned to alternative lenders last year, w ...
read moreGot cash in your wallet? Didn't think so
July 25, 2019 | Posted by: Aaron Baxandall
Rob Carrick Personal Finance Columnist The average amount of cash carried by Canadians is just under $45, according to a recent survey by a company in the payments business called Square. But a lot o ...
read moreSynthetic identity theft is the fastest-growing financial crime, U.S. Fed warns
July 24, 2019 | Posted by: Aaron Baxandall
Crime involves using real and fake information to craft an identity James Langton July 10, 2019 The Fed has issued a white paper that examines the phenomenon of synthetic identity fraud, which it es ...
read moreWhat's driving the surge in bond prices?
July 17, 2019 | Posted by: Aaron Baxandall
With inflation low and deflation talk no longer whispered, government bonds are thriving Andrew Allentuck July 12, 2019 Senior bonds, especially government issues in Canada and the U.S., are generat ...
read moreCanadian families are increasingly stuck in their income niche, StatsCan finds
July 12, 2019 | Posted by: Aaron Baxandall
Study notes immigrants are more likely to enjoy upward mobility James Langton July 10, 2019 In a new report, StatsCan finds that Canadian families are increasingly likely to remain stuck in their ex ...
read moreAs high house prices push skilled workers out of cities, businesses need to adapt
June 27, 2019 | Posted by: Aaron Baxandall
Jeremy Shaki Contributed to The Globe and Mail April 19 2019 In the tech community, a common talking point is the brain drain of Canada's most promising talent heading south. This has actuall ...
read moreAre aging parents a financial burden for Canadians?
June 24, 2019 | Posted by: Aaron Baxandall
Survey finds only 28% of those polled are familiar with tax credits associated with caring for dependent parents IE Staff June 7, 2019 Many Canadians are worried about the financial strain of suppor ...
read moreCMHC to share in home price gains and losses in its new shared-equity mortgage plan
June 20, 2019 | Posted by: Aaron Baxandall
For a five per cent loan, homeowners would repay five per cent of the value of the home, not the amount of the original loan Nicholas Sokic Financial Post June 17, 2019 The Canada M ...
read more2020 will be a huge moment for the Canadian mortgage market
June 18, 2019 | Posted by: Aaron Baxandall
Josh Sherman May 29, 2019 A rush of homeowners are going to renew mortgages next year and when they do, they'll most likely be faced with higher interest rates than when they signed on last. Will the ...
read moreCanadian banks face mounting second-half challenges, Fitch says
June 13, 2019 | Posted by: Aaron Baxandall
Flattening yield curve, mortgage competition could threaten margins James Langton June 10, 2019 Intensifying margin pressure, robust competition and rising capital demands will represent increasing ...
read moreMortgage stress tests working, OSFI maintains
June 11, 2019 | Posted by: Aaron Baxandall
Regulator reports lenders are approving fewer mortgages for over-leveraged borrowers James Langton June 10, 2019 Federal banking regulators say that the measures they've taken to curb risky mortgage ...
read moreCMHC says Canadians debt levels hit record highs at end of last year
June 6, 2019 | Posted by: Aaron Baxandall
The Canadian PressMay 22, 2019 TORONTO — Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Hou ...
read moreCanadian interest rates are on hold. Here's what that means for mortgages.
June 4, 2019 | Posted by: Aaron Baxandall
Josh Sherman May 29, 2019 The Bank of Canada isn't budging on its policy rate, at least at the moment, and that's good news for borrowers. Canada's central bank maintained the overnight rate ...
read moreSelf-employed increasingly turning to private lenders for mortgages
June 4, 2019 | Posted by: Aaron Baxandall
Ross Marowits, The Canadian Press April 29, 2019 TORONTO -- The self-employed are among the growing number of Canadians turning to private lenders in order to obtain a mortgage. While many prospecti ...
read moreFirst-time buyer FOMO: 3 tips to keep you going when home-buying stress hits hard
May 30, 2019 | Posted by: Aaron Baxandall
Michelle McNally Feb 11, 2019 Shannon Stach and her fiancé recently put an offer in on a great Toronto home, one they could envision settling down and raising a family in. They lost the bid by ...
read moreTwo policy moves killed residential rental construction in Canada, and we're still feeling the effects
May 29, 2019 | Posted by: Aaron Baxandall
Haider-Moranis Bulletin: Households with affordability challenges have lengthened rental tenures, resulting in very low rental vacancy rates and rapidly rising rents Murtaza Haider and Stephen Morani ...
read moreBe scrupulous when it comes to buying a home
May 28, 2019 | Posted by: Aaron Baxandall
Don't forget to get a thorough house inspection Mike Holmes April 1, 2019 Nobody likes to move in the winter. You're dealing with snow, ice, cold weather — and all the challenges that come wit ...
read moreMore Canadians are in the 'financial sweatbox' as insolvencies rise
May 21, 2019 | Posted by: Aaron Baxandall
Jessy Bains Yahoo Finance Canada May 13, 2019 New data from the Office of the Superintendent of Bankruptcy (OSB) show the total number of insolvencies, including bankruptcies and propos ...
read moreAs 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 ...
read moreCanada'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 ...
read moreRestraining 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 ...
read moreMost 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 ...
read moreCanadians 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 ...
read moreScrapping 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 ...
read moreSurprising 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
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
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
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 ...
read moreDon'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 ...
read moreHas '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 ...
read moreGlobal 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 ...
read moreHousing 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 ...
read moreWhere 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
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 ...
read moreMillennials 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
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 ...
read moreIf 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 ...
read moreOne 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 ...
read moreCanadian 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
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 ...
read moreMedian 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 ...
read moreAfter 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 ...
read moreCanada'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 ...
read moreThe 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 ...
read moreThere 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 ...
read moreOSFI 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 ...
read moreMortgage 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 ...
read moreBig 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 ...
read moreLiberals 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 ...
read moreRents 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 ...
read moreHow 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 ...
read moreAlmost 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 ...
read moreReal 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 ...
read moreBig 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 ...
read moreBank 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 ...
read moreImpact 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 ...
read more8 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 ...
read more1 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 ...
read moreInterest 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 ...
read moreNeed 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 ...
read moreWhy 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 ...
read moreMortgage 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 ...
read moreWhistler 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 ...
read moreHoliday 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 ...
read moreCanadians 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 ...
read more5 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 ...
read moreMortgage 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 ...
read moreThe 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 ...
read moreWhat 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 ...
read moreFinally, 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 ...
read moreCMHC 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 ...
read moreCMHC 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 ...
read moreM3 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 ...
read moreRBC, 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 ...
read moreNumber 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 ...
read moreOSFI 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 ...
read morePreparing 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 ...
read more5 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 ...
read moreMortgage 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 ...
read moreCooling 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 ...
read moreAaron 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 ...
read moreOSFI 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 ...
read moreWaiting 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 ...
read moreStand 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 ...
read moreSkipping 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 ...
read moreCanada'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 ...
read moreMortgages, 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 ...
read moreAllegations 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 ...
read moreFear 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 ...
read moreGive 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 ...
read moreNearly 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 ...
read moreSilicon 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 ...
read moreStress 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 ...
read moreNew 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 ...
read moreOne 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 ...
read moreHow 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 ...
read moreGrowing 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 ...
read moreOSFI 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 ...
read moreBoomers 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 ...
read moreDownside 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 ...
read moreHow 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 ...
read moreEquifax 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 ...
read moreBig 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 ...
read more4 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 ...
read moreMike 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 ...
read moreHow 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 ...
read moreRegulators 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 ...
read moreCanadian 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 ...
read moreCancel 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 ...
read moreBank 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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