Mortgage Blog

Canada's Mortgage Experts

Category: In the News (178 posts)

'Interest rates will be low for a long time': Canadian home sales jumped in June

'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 ...

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Refinancing and mortgage renewal requests soar as homeowners rush to reap the lowest rate

Refinancing 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 ...

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Canada can expect a slow-and-steady credit growth after the pandemic: economist

Canada can expect a slow-and-steady credit growth after the pandemic: economist

July 8, 2020 | 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 ...

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How coronavirus changed home buying for good

How 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. ...

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New CMHC requirements will have buyers flocking to the market: brokers

New 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 ...

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Warren Buffett says this is how to financially survive the coronavirus

Warren 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 ...

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Forecast says economy will grow in 2021 if there isn't another national shutdown

Forecast 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 ...

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CMHC tightens lending standards to protect housing market during COVID-19

CMHC 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 ...

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Scotiabank CEO says coronavirus pandemic will permanently change the way people live and work

Scotiabank 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 ...

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Most real estate will emerge OK post-pandemic: Benjamin Tal | RENX – Real Estate News EXchange

Most 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 ...

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'You don't want to waste a crisis': Economists ponder playbook to restart and strengthen economy

'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 ...

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The Office As We Knew It Isn't Coming Back Anytime Soon. Maybe It's Changed Forever

The 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 ...

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Pandemic, stress and luxury

Pandemic, 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 ...

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Why It's Important To 'Buy Local' During A Pandemic

Why 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 ...

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Something odd is going on with mortgage rates: they're going up, even as the key rate goes down

Something 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 ...

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Stick to financial plan despite market fall, experts tell retirees and savers alike

Stick 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 ...

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Canada remains AAA in the face of Covid-19: DBRS

Canada 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 ...

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Pattie Lovett-Reid: Need to defer mortgage payments? Know the costs first

Pattie 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 ...

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Coronavirus Will Change How We Shop, Travel and Work for Years

Coronavirus 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 ...

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Bank of Canada cuts interest rate by 50 points to 1.25 per cent

Bank 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 ...

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Mortgage stress test relief could boost what's expected to be tepid growth for Canada's banks

Mortgage 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 ...

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Reverse mortgages are cheaper than ever. Should you use one to tap into your home's equity?

Reverse 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 ...

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Ottawa changing stress test rate for insured mortgages starting April 6

Ottawa 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 ...

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Why Canada's Consumers And Businesses Are Going Broke During 'Good' Times

Why 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 ...

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Survey finds Canadians are concerned about qualifying for a mortgage

Survey 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 ...

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Why worries about the coronavirus are pushing mortgage rates down

Why 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 ...

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Longer-term mortgages rare, but could help consumers

Longer-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 ...

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Bank of Canada Opens Door to Rate Cut on Persistent Slowdown

Bank 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 ...

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What to expect for the housing market in 2020

What 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 ...

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Reverse mortgage business is booming in Canada as seniors tap home equity to pay debts

Reverse 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 ...

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Canadian economy added 35,200 jobs in December, unemployment rate falls

Canadian 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 ...

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Pattie Lovett-Reid: Kick your 2020 financial plan into gear

Pattie 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 ...

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BC, Ontario to start off the next decade with strong growth

BC, 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 ...

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More than a third of Canadians have no retirement savings, half live paycheque to paycheque, poll finds

More 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 ...

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The Canadian housing market's strength has policymakers a little bit worried

The 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 ...

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Millennials are facing all the risk and none of the reward in today's financial realities

Millennials 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 ...

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Canada's economy faces a prolonged period of sluggish growth

Canada'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 ...

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'The prospects of recovering the money are near zero': The scam homebuyers need to be aware of

'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 ...

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When it comes to mortgage break penalties, big banks are often the worst

When 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 ...

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First-Time Homebuyers: What Boomers Got Vs. What Millennials Are Getting

First-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 ...

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Household Debt Soaring Among Canada's Young Adults, And It's Not Mortgages

Household 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 ...

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Common false assumptions on reverse mortgages

Common 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 ...

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6 Things to Do to Prepare for Your Home Renovation

6 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 ...

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Giving teens a credit card early may teach financial lessons early

Giving 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 ...

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Canadian homes are expected to get even more expensive

Canadian 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 ...

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Canada's real estate market in full recovery mode as home sales rise

Canada'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 ...

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Upgrading Your Floors? The Pros and Cons of 5 Popular Flooring Choices

Upgrading 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 ...

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Newcomers represent one in five home purchases in Canada

Newcomers 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 ...

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13 factors that could significantly lower your home's resale value

13 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 ...

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September home sales surge signals the real estate market is returning to equilibrium

September 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 ...

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The interesting history of capital gains tax in Canada — and its significant impact on real estate

The 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 ...

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Pace of household credit growth hit 2-year high in August

Pace 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 ...

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Canada has tens of thousands of homes sitting vacant

Canada 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 ...

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Canadians don't know much about finance

Canadians 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 ...

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3 Questions To Ask If You're Deciding Between An Adjustable-Rate Or Fixed-Rate Mortgage

3 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 ...

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Four reasons why you might not get the great mortgage rate you saw online

Four 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 ...

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6 things to know about Trudeau's new plan to make homes more affordable

6 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 ...

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The growing problem of mortgage fraud among millennials

The 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 ...

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CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules

CMHC 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 ...

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'A reawakening': Canadian home sales rise for fifth straight month as mortgage rates decline

'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 ...

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A dorm with pub crawls, only fancier: co-living comes to Canada

A 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 ...

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How housing is helping immigrant families close the wealth gap

How housing is helping immigrant families close the wealth gap

August 26, 2019 | 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 ...

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Safer debt or cooler housing? Goal of mortgage stress test has become unclear, says Equitable Bank CEO

Safer 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 ...

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Housing affordability is so bad most Canadians are open to moving

Housing affordability is so bad most Canadians are open to moving

August 16, 2019 | 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 ...

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This borrow-to-invest strategy can build you wealth with someone else's money

This 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 ...

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Smart buildings are getting smarter, but can building managers keep up?

Smart 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 ...

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What it costs to rent a home across Canada

What it costs to rent a home across Canada

July 31, 2019 | Posted by: Aaron Baxandall

  Josh Sherman Jul 15, 2019 Sky-high rents in Toronto and Vancouver dominate much of the national discussion, but rental-housing costs continue to vary widely across Canada. Look no further th ...

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Alternative lenders gain market share as total mortgage growth slows, CMHC says

Alternative 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 ...

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Got cash in your wallet? Didn't think so

Got 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 ...

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Synthetic identity theft is the fastest-growing financial crime, U.S. Fed warns

Synthetic 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 ...

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What's driving the surge in bond prices?

What'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 ...

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Canadian families are increasingly stuck in their income niche, StatsCan finds

Canadian 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 ...

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As high house prices push skilled workers out of cities, businesses need to adapt

As 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 ...

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Are aging parents a financial burden for Canadians?

Are 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 ...

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CMHC to share in home price gains and losses in its new shared-equity mortgage plan

CMHC 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 ...

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2020 will be a huge moment for the Canadian mortgage market

2020 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 ...

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Canadian banks face mounting second-half challenges, Fitch says

Canadian 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 ...

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Mortgage stress tests working, OSFI maintains

Mortgage 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 ...

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CMHC says Canadians debt levels hit record highs at end of last year

CMHC 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 ...

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Canadian interest rates are on hold. Here's what that means for mortgages.

Canadian 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 ...

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Self-employed increasingly turning to private lenders for mortgages

Self-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 ...

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First-time buyer FOMO: 3 tips to keep you going when home-buying stress hits hard

First-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 ...

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Two policy moves killed residential rental construction in Canada, and we're still feeling the effects

Two 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 ...

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Be scrupulous when it comes to buying a home

Be 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 ...

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More Canadians are in the 'financial sweatbox' as insolvencies rise

More 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 ...

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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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