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Recent Posts
- Buyers have adapted to mortgage rules and return to housing market in GTA
- Will you inherit your parents’ debts and mortgage?
- Rob Ford is committed to reduce Toronto Land Transfer Tax
- Looking for a new home in GTA – get ready for lots of fees and taxes
- TD, BMO and other lendersare following RBC in rising fixed rates
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Categories
Bank of Canada joins central banks to prevent new credit crisis
The Bank of Canada joined other five central banks in implementing pre-emptive measures for avoiding a new global credit crisis that may cause another recession. On Wednesday the European Central Bank, the U.S. Federal Reserve, the Bank of England and … Continue reading
Level of refinances is down by 31% according to CMHC
According to CMHC latest release, refinance activity remains down compared to last year before new mortgage rules, introduced this spring, capped refi amount at 85% from property value. However, in our office we don’t see such a drop in refinances, … Continue reading
As prices continue to rise, new talks appear about Canadian housing bubble
As we have discussed last week – most economists, big financial institutions and government bodies reiterated their predictions about stability of Canadian housing market. Today, new and opposite findings from reputable international magazine has caught our attention. According to a … Continue reading
Bank of Canada to take ‘loose approach’ on rates
As most of our variable rate holders are wondering where interest rates are going, we’re watching closely every word and trying to catch every hint coming from the Bank of Canada Governor Mark Carney. Below are the most important notes … Continue reading
Condo sales in GTA hit all time record
This time we’d like to share with you some of the interesting facts from recent Building Industry and Land Development Association report concerning Canada’s housing market. One of the most important topics of the research was the influence of rising … Continue reading
CAAMP Mortgage Forum – Economic Roundtable
One of the most interesting events on 2011 Mortgage Forum was an Economic Roundtable hosted by Amanda Lang, Senior Business Correspondent, CBC. Panel consisted from Canada’s leading economists such as:Dr. Avery Shenfeld, Managing Director and Chief Economist CIBC; Warren Jestin, … Continue reading
CAAMP Mortgage Forum in Toronto
We are at the CAAMP Mortgage Forum in Toronto – our industry’s biggest convention and Expo, with more than 1,600 attendees from across Canada. We will bring you latest mortgage news from the first hands in real time. We have … Continue reading
Statistics Canada: the inflation level is getting moderate
Today we want to discuss new data from Statistics Canada about inflation and how it might affect our everyday life and mortgages. By definition, inflation is a rise in the general level of prices of goods and services in an … Continue reading
Are you ready to make mortgage payments at 75?
Today we are providing few interesting facts and thoughts from recent RBC’s survey. The poll shows that 72% of respondents with a mortgage are sure they’ll pay it off by the time they turn 65. Meanwhile, the report also suggests … Continue reading
RBC and BMO: Housing market is stable, balanced and holds opportunities for buyers
Latest reports from Royal Bank of Canada (RBC) and Bank of Montreal (BMO) suggest that Canadian housing market is performing well despite all external obstacles facing Canadian economy. According to RBC economists, such negative factors didn’t affect the Canadian real … Continue reading
