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When Your Mortgage Appraisal is Too Low
Posted August 16, 2019
Posted August 16, 2019
Thinking of buying a home? Why not start by getting your mortgage pre-approved? It takes the uncertainty out of buying a house. At the end of the process you’ll know how much you can spend and what your repayments will look like. Likewise, if you plan to get the house inspected, have the appraisal done...
Mortgage Stress Test: Influence At Rates and Loans
Posted June 12, 2019
Posted June 12, 2019
The International Monetary Fund, also known as the IMF, had some things to say about the current mortgage stress test. As of Tuesday, they warned law and policy makers all over Canada to keep the mortgage stress test rules where they are, and to not ease them lower. This is mostly due to the fact...
Toronto and Vancouver; The Two Ridiculous Housing Markets
Posted May 26, 2019
Posted May 26, 2019
According to reports from various housing market specialists, both Toronto and Vancouver have incredibly pricey housing markets. However, Vancouver has been deemed to be worse. As Toronto housing market somewhat stabilizes, Vancouver deflates even further. This is likely due to the fact that Vancouver is constantly being hit with fraudulent money, rich immigrants, and a...
Private Lenders / Self Employed. Ownership and Renting, The Canadian POV.
Posted May 09, 2019
Posted May 09, 2019
Many of Those Turning To Private Lenders Are Notably Self Employed In Toronto, the amount of people turning towards private lenders is growing, fast. It’s important to note that among these people, many are self employed. This is often because those who are self employed struggle far more to prove their income. This is in...
Housing Market Restraints and Their Divisive Nature
Posted April 23, 2019
Posted April 23, 2019
Over the course of nearly a decade, the Canadian housing market rocketed upwards in terms of pricing. Although it may not have been intended, many claim the increase is due to the attempted rescuing of global capitalism as of 2008. Firefighting: The Financial Crisis and Its Lessons, a brand new book published by Ben Bernanke,...
Housing Starts
Posted April 12, 2019
Posted April 12, 2019
Following a significant slowdown late February, the Canadian housing market’s annual has started up as of March. This information comes from a report released by the Canada Mortgage and Housing Corporation. According to CMHC, the Canadian housing market starts spiked upwards up to nearly 200,000 units, at 192,527. In February we saw 166,290. The increase...
Toronto’s Housing Market Redefined
Posted April 09, 2019
Posted April 09, 2019
According to the Toronto Real Estate Board, it takes 11 days longer to sell a home than what was previously thought and displayed. TREB’s 50,000 plus customers are to be provided with a complex, yet refined look at how the Toronto housing market is actually doing. This report was released by Jason Mercer, director of...
The Lowest It’s Been Since 2017, Canada’s 5 Year Government Debt Yield Drops
Posted April 03, 2019
Posted April 03, 2019
The Canadian economy is currently in a period of gloom, yet for most mortgage-holders, that gloom isn’t all that bad. As the debt yield on a five year bond drops, the cost of financing a loan drops as well. The yield has continuously dropped since 2018, and as of this Monday, it was holding at...
Real Estate Contributing Less To The Canadian Economy
Posted March 29, 2019
Posted March 29, 2019
According to Craig Alexander, chief economist of Deloitte Canada, the Canadian economy isn’t receiving nearly as much support from the real estate market, as well as consumer spending as it once did. Craig Alexander’s new study attempts to warn readers that “a year of economic transition, both internationally and in Canada” is ever so present...
