Deficit, Debt Reduction Targets Will Impact Consumers – Sooner and/or Later
G20 deficit and debt reduction targets will sooner and/or later impact the price of consumer financial products, including mortgages, lines of credit and home loans.
Read moreU.S. Federal Reserve Likely to Hold Interest Rates Steady
While the Bank of Canada recently hiked its overnight lending rate, leading to a moderate increase for consumer loans and mortgages, the U.S. Federal Reserve and the Bank of England are holding rates steady – for now.
Read more‘Conservative’ Canadian Mortgage Marked Praised
Canada’s housing markets have remained robust, avoiding the steep declines in housing prices that have resulted in a continuing wave of foreclosure. The influential Washington Post lauded a more conservative Canadian mortgage market than that in the United States.
Read moreNew US Home Sales Fall Off a Cliff Last Month
Per an Associated Press article in the Globe and Mail, US home sales “collapsed” in May, with sales tumbling a staggering 33%. This is due to the government’s stimulative tax credit – part of the recovery package – expiring.
Read moreSome Canadian Banks Lowering Mortgage Rates
As Mortgage Rates Fluctuate it is Imperative to Talk to Your Mortgage Broker. Following a June increase in prime rates, and as residential mortgage rates across Canada threaten to rise, alongside the state of our economy.
Read moreCanada Touted as an Uncommon Pillar Of Economic Strength?
Amidst Global Economic Turbulence, Canada Remains Relatively Stable. An article in the Globe and Mail today by Michael Babad touts Canada’s economy as uncommonly stable and sound.
Read moreA Reverse Mortgage and Retirement Planning
Statistics show that seniors are staying in their homes later into retirement. Homeownership does not decline significantly between ages 65 and 74. A reverse mortgage is an ideal way to both enjoy continued homeownership and tap into the retirement nest egg one’s house represents.
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