Archive for: January 2018

Passing the stress test

Filed under: Mortgage - 31 Jan 2018

THINK OUTSIDE THE BOX: New federal mortgage rules require all borrowers to be tested

There’s a lot of excitement that comes with buying your first home.
There can also be a lot of stress, most of which stems from dealing with banks …

Canada among best for real estate wellness

Filed under: Mortgage - 29 Jan 2018

THINK OUTSIDE THE BOX: Putting people’s health at the centre of design, creation and redevelopment is the next frontier of real estate according to a new global report.

The Global Wellness Institute has analyzed the global market for wellness lifestyle communities …

Interest rate hike will only be negligible in some parts of Canada

Filed under: Mortgage - 24 Jan 2018

THINK OUTSIDE THE BOX: As expected, the Bank of Canada hiked the interest rate a quarter point to 1.25%—a seemingly superficial number depending on which part of the country you’re in.

Royal LePage sales agent Tom Storey says demand for housing in …

Equitable Bank launches equity release solution for elderly Canadians

Filed under: Mortgage - 22 Jan 2018

THINK OUTSIDE THE BOX:  Amid growing retirement income uncertainty among Canadians, Equitable Bank has announced the launch of its Path Home Plan, which is intended to help homeowners age 55 and above unlock the equity in their homes.

The bank, a subsidiary of …

Bank of Canada hikes interest rate again, but warns of NAFTA fallout

Filed under: Mortgage - 19 Jan 2018

THINK OUTSIDE THE BOX: The Bank of Canada is shifting its focus to NAFTA’s possible demise as it ponders what comes next after pushing its key interest rate to the highest level since the last recession.

The central bank hiked its …

Bank of Canada raises interest rate: Read the official statement

Filed under: Mortgage - 18 Jan 2018

THINK OUTSIDE THE BOX: The Bank of Canada increased its target for the overnight rate to 1 1/4 per cent.

Here’s the statement from the Bank of Canada on its rate decision for Wednesday, January 17, 2018:

The Bank of Canada today increased its …

Canadian real estate market outlook 2018

Filed under: Mortgage - 15 Jan 2018

THINK OUTSIDE THE BOX: Most markets will simply flatline before rebalancing by the end of the year.

There’s never a dull day in real estate. Last year started off with a big nervous question: Will the Canadian housing market crash? In …

Rates are going up… for now… is this the end of low rates?

Filed under: Mortgage - 15 Jan 2018

THINK OUTSIDE THE BOX:  Next Wednesday will be the first Bank of Canada meeting date to set the Target rate, which directly affects Bank Prime rate and Variable rate mortgages. It’s almost a certainty that the Bank of Canada Governor, Stephen …

Stress tests, foreign buyers and higher rates likely to impact housing market in 2018

Filed under: Mortgage - 08 Jan 2018

THINK OUTSIDE THE BOX: Real estate was a major topic in the business world in 2017, and with some big changes on the horizon, the subject is likely to dominate headlines again this year.

Here are five things to watch in Canadian real estate.

Foreign buyers

Policy-makers …