Who’s Right in this Commercial Mortgage Debacle?
It started off as a commercial mortgage case, and now has turned into so much more. Who could forget the horrific collapse of the Algo Centre Mall in Elliot Lake last June? Occurring during peak shopping hours, part of the mall literally just fell down, and it killed two women and injured several more. While a tragic…
Read moreHow Much Upkeep does a Home Really Require?
A little while ago we talked about being house poor, and how just being able to afford the sticker price of a home doesn’t always mean you can afford to own it. Regular upkeep, perhaps furniture that still needs to be filled in, and property taxes and insurance are all extra little costs that can…
Read moreHow to Make the Most of Your Backyard this Summer
It’s summertime and that means it’s time to get out into your backyard and have some fun! But summer is about more than just raking the leaves and lounging in the sun. You can take this opportunity to make some great home renovations! Or, should we say, backyard renovations? When people think of revamping their…
Read moreBearish CAAMP Sees Future Rate Hikes as Unnecessary
It seems that ever since the latest round of mortgage rules went into effect last year, you can always count on Will Dunning of CAAMP to come out with shocking and stunning predictions. (Remember when he said in March that 190,000 jobs will be lost due to the mortgage rules?) Now he’s come out and…
Read moreWhat do You Think of Broker Cancellation Fees?
Just like in any other business, mortgage brokers need to seize opportunities to increase their profit as much as they can. But also like other businesses, some brokers can go a bit too far. And that’s what some consumers think True North has done with their new cancellation fees. True North is the brokerage introducing…
Read moreAre Mortgage Requirements Really Cooling Down the Market?
A recent study by BMO has some, namely CTV News in this instance, believing that the new mortgage restrictions that went into place a year ago (today, to be exact!) have cooled the market and kept some from entering the housing market. But the numbers actually need to be put into a bit of perspective…
Read moreCMHC Clears Things Up
You can’t go anywhere these days without hearing about the mortgage rules imposed across the nation last year. But with those rules came some debt ratio standards that weren’t exactly clear. Or not as clear as CMHC would have liked, anyway. To that end they’ve now defined those standards even more, and that could make…
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