Canadians Relationship to Debt “Prudent” says CIBC’s CEO
CIBC’s CEO praises Canadians’ native prudence regarding rising debt levels, attributing Canada’s slowing housings markets to a reluctance to take on further debt.
Read moreUsing a Home Equity Line of Credit to Repair Household Balance Sheets
Consolidating high interest consumer loans and credit card balances under a lower-interest secured, home equity line of credit, is a strategy to help homeowners living from paycheque-to-paycheque reduce payments and build savings.
Read moreLower-than-Expected Inflation Points to Continuing Low Home Mortgage Rates
Good news for home mortgage markets, as lower-than-expected inflation numbers for August, prompts analysts to forecast a pause in the Bank of Canada’s rate-hiking regimen.
Read moreGenerating Income through a Second Mortgage or Home Equity Loan
Using a second mortgage or home equity loan to tap into existing home equity for investment purposes can generate a favourably taxed income stream from otherwise ‘dead’ money.
Read moreExisting Home Sales Slump in Toronto May Be Buying Opportunity
Low mortgage rates and slumping sales of existing homes in Toronto may signal a buying opportunity for contrarian homebuyers.
Read moreAnalysts: ‘Loonie’s Strength May Signal Interest, Mortgage Rate Hikes’
A survey by Bloomberg News indicates that the continuing strength of the Canadian loonie against the U.S. dollar may translate into further interest and mortgage rate hikes.
Read moreCanada’s Mortgage and Real Estate Markets Make a “Soft Landing”
Why Canada’s mortgage and real estate ‘doomsayers’ miss the mark regarding Canadian mortgage and housing markets.
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