Why ? Because he says the free flow tap will remain open (perpetually). Which is a good thing … Folks, let’s all say Thank You, Santa Flaherty. Here is the story … Flaherty won’t clamp down on borrowing, but wary of home price increases CTV News – Oct 28, 2013 The latest measure, which came in July 2012, […]
Canadian homeowners carried nearly $1.2 trillion in mortgage debt last year
The high cost of home ownership In Metro Vancouver, home ownership absorbs 87 per cent of median household income, a Royal Bank report says. Ever wonder about the size of your neighbour’s mortgage? It’s a taboo topic, of course; people are pretty private about their debts. But the Canadian Federation of Municipalities is willing to […]
Many condo buyers could be bankrupted even before they get the key to their apartments
Condo buyers struggle to adjust to borrowing rule changes Recent changes to mortgage rules in Canada have left some condo buyers unable to afford their purchases, say professionals who are watching some clients struggle to hang on to their future homes.
Realty Market Is Destined To Boom Again
Because … U.S. Government Shutdown Driving Canadian Mortgage Rates Lower, For Now The Huffington Post Canada The U.S. government shutdown has had an interesting side effect for Canada: It has held out the promise of lower mortgage rates, and therefore a stronger housing market. Not that the housing market needs much help these days. Housing […]
Toronto condo buyers scrambling to close deals
Something serious is happening in town … Mortgage brokers have seen a surge in people who bought pre-construction condos a few years ago and are now “scrambling” to get financing to close deals. Mortgage brokers, realtors and developers have seen a surge the last few months in people who bought pre-construction condos two to three […]
A residential mortgage-backed securities market without taxpayer risk on the way
Finally, a good news for Joes … U.S. and Canada are altering the way housing finance works so taxpayers aren’t stuck bearing the brunt of risks These are steps on the way to what market-watchers call the Holy Grail of housing finance – a residential mortgage-backed securities market that contains little or no taxpayer risk exposure. […]