Will Mortgages become even Tougher to get in 2014?
We’ve talked a lot this week about mortgage rules, and whether or not Finance Minister Jim Flaherty is going to tighten them even further. One industry player says that while he does expect this year to get tougher for those looking for mortgages, changes aren’t going to come from the Finance Minister, but rather the…
Read moreMoney Talks: Volume 57
We apologize for not bringing you an edition of Money Talks earlier. But during the month of December we were so busy talking about the holidays, and our spending during that time that we thought were just a bit more pressing than seeing what others were saying around the web. But we have still been…
Read moreThis Spring, Expect a Seller’s Market
We’ve talked recently about the buyer’s market that can be seen in the GTA, and even the outrageous ads luring buyers in to certain condo developments here in the city. But according to some market experts, this spring that’s going to turn around and we’ll see our buyer’s market turning into one that’s creeping over…
Read moreStephen Poloz Disagrees with Finance Minister
We often wish that we could be a fly on the wall at the Bank of Canada and listen to what BoC Governor Stephen Poloz has to say about Finance Minister Jim Flaherty, or vice versa. The relationship between these two is a delicate one, and one that must balance the good of the Canadian…
Read moreNew Real Estate Agent Review Site lets Consumers Have Their Say
Too often when we as consumers talk about real estate agents, it’s with a negative edge in our tone. But real estate agents aren’t actually all that bad. Sure there are a few that put a negative light on the industry, but generally these are just a handful among thousands of many great real estate…
Read moreFinance Minister Sees Housing Market and Debt Improving
There’s a lot of talk that goes around about Finance Minister Jim Flaherty. But on Sunday he sat down with CTV’s Question Period to speak on the condition of the housing market and personal debt within Canada. And the good news, for those thinking he was going to tighten mortgage rules once again, he sees…
Read moreLenders Change Debt Servicing Policies, and Brokers Question It
As if all the government rules now put into place within the Canadian mortgage market weren’t difficult enough to deal with – now we’ve got lenders changing their debt servicing policies to make it even tougher. Street Capital and First National are just two of the handful of lenders that have now changed their guidelines…
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