Archive for: December 2017

Home prices seen to rise by 4.9% in 2018 across 53 cities

Filed under: Mortgage - 18 Dec 2017

THINK OUTSIDE THE BOX: Home prices in 53 Canadian cities are expected to rise by 4.9% by the end of 2018 to about $661,919, according to a recent report by Royal LePage.

The estimate comes amid efforts by authorities to address …

Alberta’s metropolitan markets reaping the fruits of economic recovery

Filed under: Mortgage - 18 Dec 2017

THINK OUTSIDE THE BOX: Amid a gradual climb in the aftermath of the oil downturn several quarters ago, Alberta’s economy is finally giving steam to the long-struggling housing markets of Edmonton and Calgary, according to CMHC regional economist Lai Sing …

As Alberta rebounds, massive inventory of unsold condos raises concerns

Filed under: Mortgage - 13 Dec 2017

THINK OUTSIDE THE BOX: Alberta’s economy is slowly emerging out of a deep hole, but there are lingering worries about a massive inventory of condominiums available for sale.

While it could be a buying opportunity for someone who wants to get …

New mortgage rules 2018: A practical guide

Filed under: Mortgage - 13 Dec 2017

THINK OUTSIDE THE BOX: Come Jan. 1, 2018, most Canadians getting, renewing or refinancing a mortgage will have to prove that they would be able to cope with interest rates substantially higher than their contract rate.

New rules by Canada’s federal …

Feds fear expanding Home Buyers’ Plan would fuel hot housing market: document

Filed under: Mortgage - 13 Dec 2017

THINK OUTSIDE THE BOX: The federal Liberals are having second thoughts about a 2015 campaign promise out of concern that expanding the popular Home Buyers’ Plan would throw fuel on overheated housing markets.

An internal document suggests high housing prices are …

Majority of Canadians see real estate as a good long-term investment

Filed under: Mortgage - 11 Dec 2017

THINK OUTSIDE THE BOX: In its latest report, Mortgage Professionals Canada found that the majority of Canadians consider real estate as a good long-term investment, despite inflamed housing prices and more stringent government measures.

According to this year’s edition of MPC’s …

Bank of Canada announces rate

Filed under: Mortgage - 11 Dec 2017

THINK OUTSIDE THE BOX :The Bank of Canada left its benchmark interest rate unchanged Wednesday December 6th, 2017 following two straight hikes, but suggested future increases are still likely, albeit at a more-gradual pace

The Bank of Canada stuck with its …

30-year mortgage amortizations are taking over: Four reasons why

Filed under: Mortgage - 01 Dec 2017

THINK OUTSIDE THE BOX: Once upon a time, 25 years was the standard amortization on a Canadian mortgage.

Today, no less than 63 per cent of new low-ratio mortgages by value, have amortizations over 25 years. That’s a surge of 11 percentage …