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Category Archives: Mortgage Broker
Interest rate shouldn’t be seen as main tool for financial stability: Central bank
The Bank of Canada’s benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday. Increased government spending, also known as fiscal stimulus, and … Continue reading
Montreal Mortgage Rates Calculator
There ar many folks advertising with cash, that they’re providing cash for mortgage however in real, if somebody goes and asks for details, his intention would be to require of his property which means, the rate would be significant as … Continue reading
Is 2016 The best time to buy a home?
Purchasing a home is the ultimate dream for every family. Buying a home for the first time or even for the second or third time is always a challenging task for any potential homeowner. For one, the range of choices … Continue reading
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Lender addresses broker fear that it is exiting the channel
Meridian Credit Union has replied to a broker concern that it is planning on pulling out of the channel. “Given the economics and the limited timing of this offering, we chose to have it offered in branch only,” Wade Stayzer, … Continue reading
Criminal charges tar all brokers with same brush
“After the story first aired our phones went quiet but after 7-10 days it came back to normal and I think will further grow,” says Graeme Moss, principal broker at Fair Mortgage Solutions in Hamilton, Ont. “What is fair to … Continue reading
CMHC cites significant problems in Calgary
Calgary might have been experiencing a robust housing market in the past few months, but a recent assessment conducted by the Canada Mortgage and Housing Corporation (CMHC) noted that the city’s apparent vitality is rooted on a weak foundation. The … Continue reading
Canada markets are facing a turbulent 2016
With oil dropping to less than $30 per barrel and the Canadian dollar reaching its lowest levels in 15 years, the beleaguered Canadian economy is struggling to achieve stability this year despite the continued dynamism in the country’s real estate … Continue reading
Policy report: What brokers need to know
The Bank of Canada issued its first monetary policy report this week, and it contained several details about the future of the housing market. “Major Canadian housing market indicators remain strong: yearly growth in house prices is robust, sales of … Continue reading
Economist to brokers: The boom is over
A leading economist believes last year’s prosperous market won’t carry on through 2016. “I think Mortgage Brokers should recognize the Mortgage market will slow; there is no way we’ll see a repeat of 2015 performance in Toronto and Vancouver,” Dr. … Continue reading
Canadians’ vulnerability to debt set to climb in coming years: budget office
By Andy Blatchford THE CANADIAN PRESS The parliamentary budget office released a report Tuesday predicting the ratio of debt payments _ including principal and interest payments _ relative to disposable income will creep upwards over the next five years as … Continue reading
Canadians’ household debt climbs to highest in G7 in world-beating borrowing spree
OTTAWA — Canadian households are carrying the biggest debt-to-income loads in the Group of Seven, the federal budget watchdog says — and that burden is likely to get even heavier. Canadians have piled up the biggest increase in debt-to-income in … Continue reading
Broker miffed by rate shopping advice
A recent article on a wide-reaching personal finance magazine plugged the benefits of rate shopping; but did it ignore some important pieces of the mortgage puzzle? “Want to save more than $53,000 on the purchase of a home? Then be … Continue reading
Mortgages fuel Canadian household credit growth, Royal Bank reports
OTTAWA – Mortgages helped boost Canadian household credit growth in October as it increased by 5.0 per cent compared with a year ago, a report by the Royal Bank said Friday. The increase came as mortgage borrowing rose 6.0 per … Continue reading
Big bank makes unique offer to try to entice clients to switch
Scotiabank is currently offering potential clients the chance to switch their mortgage over – and earn 24 free movie passes for their trouble. Not the most enticing offer – it will save avid movie goers $355, based on ticket prices … Continue reading
The pros behind hiring a mortgage broker
Are you based in Montreal and you are planning to purchase a home but you are not sure whether to hire a mortgage broker or not? Well, if you are in this kind of situation, then you will find this … Continue reading
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