Canadian Debt Levels Continue to Rise
Equifax Canada released their quarterly consumer credit trends report last week, and it might not be surprising to some that our current debt situation has not changed that much. In fact, at a time when Jim Flaherty and Mark Carney continue to only get louder with their debt warnings, we keep piling it on. The…
Read moreSudbury sees Fewest Starts in Five Quarters
Toronto and Vancouver might be plugging away and getting a new condo building up every time a city bus drives by, but the same cannot be said for all Canadian markets. And if you’re currently looking for a Sudbury mortgage on a new home, you might find that it’s getting more difficult, as the city…
Read moreGoing into JV? Let a Second Mortgage Protect Your Investment!
Real estate is getting expensive in Canada. Every month it seems sees an increase in prices, especially in Canada’s major urban centers. While this has a lot of impact on homebuyers that are on the market, it has a different kind of impact on real estate investors – and it’s pushing a lot of them…
Read moreJapanese Bank Urges Canadian Government to Slow Housing Market
Finance Minister Jim Flaherty may have thought he had the last word after stating that he was tired of hearing Canadian banks call for a tightening of mortgage rules, and that he really thought banks should take on the responsibility of changing their own mortgage rules. Since then, people have kept pretty mum about the…
Read moreAs Vancouver Housing Drops, Toronto Becomes “Market to Watch”
The Canadian housing market is an interesting thing. For the past year and a half, all eyes have been on B.C., especially on Vancouver where housing prices have been astronomically high and there are more housing starts every day. Well now, those starts are still happening but the actual number of homes that are selling…
Read moreToronto’s Condo Market is Hot, Hot, Hot!
Whoever thought we’d see the day that Toronto’s condo market exceeded that of Vancouver’s? No one thought it was coming any time soon, but new stats from the Canada Housing and Mortgage Corporation say that lenders can expect to see a whole lot more Toronto mortgages, and that they’re likely to be on condominiums, as…
Read moreTimes have Changed for Mortgage Insurance
Oh how times are a’changing for mortgage insurance! It used to be that if you needed a mortgage and didn’t have enough of a down payment, you could get mortgage insurance fairly easily. You could get it from the Ottawa mortgage insurance Crown corporation, CMHC, or you could go to either of Canada’s other two…
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