Archive for: March 2017

Residential Market Commentary – week of March 27, 2017

Filed under: Mortgage - 29 Mar 2017

THINK OUTSIDE THE BOX: A recent decision by the British Columbia Supreme Court has suddenly raised awareness of a provision in Canadian tax law that could pour cold water on hot markets where foreign speculation is a concern.

The case involved …

Convenience or comparison? Why sticking with 1 bank might not be the best option

Filed under: Mortgage - 27 Mar 2017

THINK OUTSIDE THE BOX: You can keep your banking the same and obtain a better rate mortgage from another Financial Institution through our office.  The payments will come out of your existing bank account for your convenience.  We also have …

Liberal budget released: These are the housing related promises

Filed under: Mortgage - 24 Mar 2017

THINK OUTSIDE THE BOX: Cities and affordable housing providers will find themselves with $11.2 billion more to spend on new and existing units over the coming decade, as part of the federal government’s multi-pronged push to help people find homes.

Of …

Canadians can now access independent reviews of mortgages and credit cards

Filed under: Mortgage - 21 Mar 2017

THINK OUTSIDE THE BOX: The top provider of insurance reviews in Canada has just launched hundreds of new, independent consumer reviews of mortgage products and credit cards.

In a March 15 statement published through Globe Newswire, InsurEye announced the pioneering data release, …

CMHC’s Siddall on the Hotseat: Commentary – Part II

Filed under: Mortgage - 09 Mar 2017

THINK OUTSIDE THE BOX:  Could regulator arrogance be behind the rules and their hasty implementation?

Below is the second and last instalment of our commentary on the February 13th testimony to Parliament by CMHC’s CEO. (See part I here)

In that hearing, Evan …

Residential Market Commentary – week of March 6, 2017

Filed under: Mortgage - 08 Mar 2017

THINK OUTSIDE THE BOX:  Given the traditional relationship between Canada and United States, any rate increases there will likely diminish the probability of a rate cut here.

While the red hot real estate numbers in Toronto are grabbing most of the …

Free LED lights, low-flow showerheads? Alberta rolls out residential energy savings plan

Filed under: Mortgage - 02 Mar 2017

THINK OUTSIDE THE BOX:  The NEW Residential No-Charge Energy Savings Program is open to homeowners and renters in Alberta and there are currently no limits, but that could change.

Alberta is rolling out an energy savings program which will cover the …