Archive for: March 2018

What to watch for this spring in Calgary’s challenging luxury housing market

Filed under: Mortgage - 29 Mar 2018

THINK OUTSIDE THE BOX: As Calgary continues its path to economic recovery, homebuyers are slowly returning to its luxury housing market. However, this spring, the city’s top-tier market will be characterized by high inventory, slow absorption and price adjustments.

The city’s …

Longer car loans, mortgage renewals are risks banks need to keep an eye on, Moody’s warns

Filed under: Mortgage - 16 Mar 2018

THINK OUTSIDE THE BOX: Delinquency rates remain low, but that could change in an environment with rising interest rates.

Rising consumer debt loads aren’t a problem for Canadian banks yet, but they soon could be, according to a new report from rating agency …

Emptying the Nest: How Parents are Helping their Kids Buy Homes

Filed under: Mortgage - 14 Mar 2018

THINK OUTSIDE THE BOX:  For parents who have the means to help their kids buy a home in today’s pricey environment, gifting money towards a down payment is one of the best way to do it.

In February 2018, the Financial Post ran a …

BoC will hold rates until late 2018 says BCREA

Filed under: Mortgage - 12 Mar 2018

THINK OUTSIDE THE BOX: The Bank of Canada’s decision not to hike interest rates in March will likely continue for much of this year.

The British Columbia Real Estate Association has published its Mortgage Rate Forecast and chief economist Cameron Muir believes …

Don’t let fear guide you into costly mortgage mistake, and here’s how to do better

Filed under: Mortgage - 12 Mar 2018

THINK OUTSIDE THE BOX: Fear of rising interest rates is causing more Canadians to opt for fixed-rate mortgages over variable-rate alternatives that could save them thousands of dollars in payments, according to a leading expert.

Justin Thouin, CEO and co-founder of LowestRates.ca, …

Bank of Canada makes interest rate announcement

Filed under: Mortgage - 07 Mar 2018

THINK OUTSIDE THE BOX: The Bank of Canada kept its key interest rate target on hold as it pointed to a climate of broadening, important unknowns around trade.

In explaining its decision to maintain its benchmark rate at 1.25 per cent, the …

Calgary prices hold but sales dip shows bumpy recovery remains

Filed under: Mortgage - 05 Mar 2018

THINKING OUTSIDE THE BOX: Calgary’s housing market is slowly recovering but it’s no easy journey.

The latest sales figures from the Calgary Real Estate Board show that 1,094 homes were sold in February, down 18% year-over-year; while prices were supported by a …

Canadians not keen on shopping around for mortgage options – study

Filed under: Mortgage - 05 Mar 2018

THINKING OUTSIDE THE BOX: Call our office today and we will do the shopping around for your mortgage option.

In the latest edition of HSBC’s Beyond the Bricks global research series, the bank found that Canadian mortgage holders are among the least likely …