Tag: mortgage trends

After the rate hike…what’s next?

August 8, 2017 | By | Add a Comment

On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, withdrawing some of the stimulus that was needed after the oil price collapse and 2008 financial crisis. Variable rate mortgages and lines of credit will see higher rates and modest payment increases. Fixed-rate mortgages – […]

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9 tips for surviving the housing market

January 1, 2017 | By | Add a Comment

Your Mortgage Blueprint for the New Year Canadians are definitely talking about the housing market – what do the new mortgage rules mean, is this the right time to buy, have mortgage rates bottomed out, is a lender’s renewal offer the best available, and on and on! For many, it feels like some uncertain times […]

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Single and want to buy your first home?

January 25, 2016 | By | 4 Comments

Here’s what you need to know One of the fastest growing trends in Canada is single people buying their first home on their own, rather than waiting for a partner.  According to CMHC, in 2011 a full 42% of owner-occupied condos housed singletons, and single person households are expected to continue growing. Are you wondering if […]

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Self-employed? What you need to know about getting a mortgage

December 22, 2014 | By | 1 Comment

Are you an entrepreneur? …  Or a small business owner, freelancer, consultant, contract employee, or working in a capacity other than full-time salary? Salaried employees can easily prove their income with a T4 slip. If you’re self-employed, chances are you’re working with an accountant and working really hard to report income that’s as low as you can […]

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Opening doors, not building walls – the Dec 2014 Home and Mortgage Newsletter

December 1, 2014 | By | Add a Comment

Self-employed?  Come up against “the wall” yet? New mortgage rules are constantly being added in Canada.   We’re expecting changes coming up later in 2015 as well.  Here are some tips to get around the self-employed mortgage wall.  Read more in the December issue of the mortgage newsletter here… Starting smart…  The stats show more […]

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What’s happening in the Canadian mortgage market? The latest…

November 19, 2013 | By | Add a Comment

The Canadian Association of Accredited Mortgage Professionals (CAAMP) has released their fall 2013 survey report on the residential mortgage market.  Here are the findings that are relevant to first-time homebuyers and investors in the GTA. Canadians are comfortable with their levels of mortgage debt CAAMP chief economist Will Dunning suggested that this “may be due to the fact […]

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Are We in a Housing Bubble?

July 11, 2011 | By | Add a Comment

In a recent issue of CIBC World Markets’ Economic Insights, one of my favourite economists, Benjamin Tal, addresses what we’ve all been wondering… Are we in a housing market bubble? Is a crash imminent?

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