Canada’s Bubble vs. Spain’s
It seems that just about everyone in the country has concerns over Toronto’s housing market and Toronto mortgages. Home prices are rising far too rapidly and new condos are being built with every breath. Yes, there is concern, and there’s even good reason for it. But while we so often compare ourselves to the United…
Read moreAnother Argument Against Foreign Investors
As more and more people try to come up with a way to solve the problem of Canada’s housing bubble, here again comes a case arguing against foreign investing. However, this one may be a little more sound than those we’ve heard in the past. Foreign investors, when not actually investing in properties but just…
Read moreWhen Prepayment Penalties go Too Far
Prepayment penalties are nothing new. If you get a Toronto mortgage (or a mortgage anywhere in Canada for that matter) and you want to pay it off early, you’ll need to pay a certain amount in prepayment penalty fees in order to do it. While these fees are something that every homeowner tries to avoid…
Read moreShould Mortgage Brokers have to Reveal Commissions?
If you’re looking for a Toronto mortgage, and you need help from a Toronto mortgage broker in order to do it, you’ll be happy to know it won’t cost you a thing. In Canada, even though the broker is working for you, they get paid commissions by the lender in exchange for finding that lender…
Read moreManulife Loving Mortgage Changes
It’s been the same story for over a year now. The government of Canada sees a problem with HELOCs and home equity loans in Canada and so, they tighten up the rules a bit. Afterwards, economists and analysts praise the Finance Minister, while banks get in an uproar about how they’re unnecessary. Of course, why…
Read moreDodge Criticizes Carney, the Globe Pushes Back
There’s been an interesting debate going on for the last couple of days in Canada. David Dodge, who was the former Bank of Canada governor from February 1, 2001 to January 31, 2008 has recently spoken out against Mark Carney, saying that he disagrees with the now-Governor when it comes to the housing market in…
Read moreOur Banks are Pretty Good!
Ever since David MacDonald of the Canadian Centre for Policy Alternatives accused our federal government earlier this week of giving our major banks bailouts, there’s been little talk of anything else. But not only were our banks not bailed out during the recession, they actually performed much better than many of the global banking systems….
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