Category: Mortgage

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 …

Liberals unveil affordable housing strategy

Filed under: Mortgage - 27 Nov 2017

THINK OUTSIDE THE BOX: The government announced Wednesday (Nov 22) a 10-year, $40 billion National Housing Strategy aimed at improving housing affordability for Canadians.

“Everyone deserves a safe and affordable place to call home. Canada’s first ever National Housing Strategy is a …

Markets might be underestimating impact of new rules

Filed under: Mortgage - 27 Nov 2017

THINK OUTSIDE THE BOX: Although consumers have begun bracing themselves for possibly higher household expenses once tighter mortgage regulations take effect, an independent equity research firm has warned that Canadian markets might be underestimating the impact of these new rules.

In …

Stress test rule to have most effect

Filed under: Mortgage - 20 Nov 2017

THINK OUTSIDE THE BOX: Buyers need to qualify at higher-than-posted mortgage rates as of Jan. 1, 2018

Three new mortgage regulations that will change the borrowing and lending landscape in Canada take effect on Jan. 1, 2018.

The regulations are:

1: A new …

Tie new affordable housing money to outcomes, former watchdog tells Liberals

Filed under: Mortgage - 20 Nov 2017

THINK OUTSIDE THE BOX:  Parliament’s first budget watchdog is warning the federal government to be careful how it spends billions in new housing money over the next decade to ensure it actually makes a lasting impact.

In an analysis published today, former …

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