Archive for: October 2015

The Liberal Effect

Filed under: Mortgage - 28 Oct 2015

THINK OUTSIDE THE BOX:  The Liberals’ new majority gives them all the power they need to influence Canada’s mortgage market. Interest rates, mortgage policy and affordable housing initiatives will all be affected.

Here’s some of what the mortgage market can expect …

BBB Standard in Action – Standard 7: Safeguard Privacy

Filed under: Mortgage - 20 Oct 2015

THINK OUTSIDE THE BOX:  Mortgages involve the use of the sensitive financial and personal information that needs to be secure for data transfers.

The seventh BBB Standard for Trust is “Safeguard Privacy” defined by BBB as the ability to “Protect any …

Non-residential investment numbers: Good news for construction sector

Filed under: Mortgage - 15 Oct 2015

THINK OUTSIDE THE BOX:  Positive investment in any type of building construction is great news for the construction sector in our province, especially in a downturn.

Despite facing a moderate contraction this year, new data shows that Alberta’s construction sector should …

BoC not surprised at effect of interest rates on house prices, debt

Filed under: Mortgage - 13 Oct 2015

THINK OUTSIDE THE BOX:  There is more to the story than the debt-to-income ratio.

Bank of Canada governor Stephen Poloz spoke over the weekend about the rising levels of household debt and the effect that monetary policy has had on house …

What’s the sweet spot for a down payment on a house?

Filed under: Mortgage - 02 Oct 2015

THINK OUTSIDE THE BOX:  If you have less than 20% available for down payment, you may want to consider keeping a portion of the funds set aside temporarily ‘just in case’.

Q: We’re buying a home valued at $275,000 and 100% of our down payment is coming …