Market Monitor

We keep our finger on the pulse of the mortgage investment market to provide you with the latest news and trends from our team of experts. Read our blog to get the latest on mortgage investing so you can invest with CMI.

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22 March 2010

Never Been a Better Time to Purchase in the Sunbelt

I was in Florida last week and while temperature-wise it was quite chilly, the housing market is heating up for Canadians looking for bargains-in some cases half-price-on real estate.

19 March 2010

Home Bidding Wars – Tips on Increasing the Value of Your Home

Last month I wrote about how home buyers were becoming wary of getting entangled in bidding wars. This week I came across this excellent article that discusses the pros and cons of creating bidding wars.
It’s starting to become standard practice to under price real estate and then hold all offers for a period of time. The idea is to create a multiple offer situation.

18 March 2010

Canada – Heading for a Housing Crisis?

Simone Baribeau, US Editor of Money Supply at the Financial Times of London, took a swipe at Bank of Canada Governor Mark Carney recently when she questioned whether or not Canadian monetary policy has really softened the economic blow of the recession or if we just haven’t hit our own U.S.-style housing crisis.

17 March 2010

Canadian Real Estate Market – Top Reasons Young Canadians Buying

A new survey commissioned for RBC Royal Bank shows that younger Canadians are expected to take the lead in home buying in 2010. Low interest rates, new jobs and perceived “good prices” are cited as top reasons as indicated by the survey. This seems to show a definite shift in attitudes in this group of young Canadians.

16 March 2010

Beware of Losing Home Equity Due to Constant Home Buying and Selling

I have to admit that I have a hard time staying in one place. Every time I move (which is far too often), I vow to stay put, but it just never seems to happen.

15 March 2010

Speculation on Canadian Mortgage Rates Continues

As expected, the Bank of Canada has announced that the overnight lending rate is going to continue to sit at 0.25 per cent. However, the latest report from the Bank has financial specialists speculating about what’s going to happen in the next couple of months.

12 March 2010

Great Time to Jump into the Housing Market with Low Rates

While standing in line at my bank the other day I noticed that their fixed rate for a five-year closed term mortgage is 4.09 per cent. It seemed like a good deal. Later that day I noticed that a different bank had lowered their fixed rate for a five-year closed term to 3.75 per cent. In this competitive market, I’m sure that it won’t be long until the other big banks follow suit.