Debt. It’s a popular topic. Personal debt. Govt debt. Corporate debt. Back in 2013, I published an article comparing Canada’s debt with the rest of the world. Back then, like … Continue Reading World Debt clock comparison… How’s Canada doing compared with the world?
Next Wednesday will be the first Bank of Canada meeting date to set the Target rate, which directly affects Bank Prime rate and Variable rate mortgages. It’s almost a certainty … Continue Reading Rates are going up… for now… is this the end of low rates?
TIME IS ALMOST UP.. With just days to go before the new mortgage rules take effect on January 1st, we are seeing a flurry of mortgage applications. Panic buying and … Continue Reading Last call for mortgage approvals under the current rules….and an in-depth look at how these new rules will impact YOU in 2018.
In November, Toronto police said a woman used fake ID to get a $300,000 mortgage. The unsuspecting homeowner only discovered a mortgage had been fraudulently registered on their home when … Continue Reading Recent mortgage fraud in Toronto.. you can prevent it easily.. Read on.
SEARCHING FOR THE POSITIVE..YES, THERE IS SOME. Hard to find any positive news from OSFI’s (Office of the Superintendent of Financial Institutions) new mortgage rules announced last week. In case … Continue Reading OSFI’s new mortgages rules… a silver lining..
It’s begun. The message is starting to sink in. The new mortgage rules could eliminate 15% of Canadians from qualifying for a mortgage after January 1st, 2018. The mad rush … Continue Reading Review your mortgage NOW! Next year may be too late.
HARDER TO QUALIFY WITH 50% DOWN THAN WITH 5% DOWN.. DOES THIS MAKE SENSE? October 2016, our Federal govt announced a number of new mortgage rules including the infamous new … Continue Reading OSFI announces strictest mortgage rules ever… what you need to know.
The Bank of Canada Governor, Stephen Poloz, has been full of surprises since he took on his current role. With a second 0.25% rate hike today in consecutive BoC meetings, … Continue Reading A 2nd Bank of Canada rate hike surprises many.. what’s it mean?
Fewer homes in the summer. Lower average home selling price in the summer. That’s this year’s headline. But it could also apply to last year or the year before or … Continue Reading Spring housing market in the Fall?
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 … Continue Reading Rates went up, so now what do you do?
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