CIBC says its booming consumer mortgage business is well-insured We’ve got the vast majority of our mortgages insured with the government of Canada And Government of Canada means you the taxpayers … Oops
Mortgage Rates Rise ? No Problem, Real Estate Sales Remain Resilient
Fitch: Canadian Mortgage Banking Results Resilient as Rates Rise What rate hike ? (The following statement was released by the rating agency) CHICAGO, October 01 (Fitch) Canada’s largest banks have yet to report a significant slowdown in mortgage activity, as rising interest rates have failed to quell housing demand and home prices have continued to […]
Seniors are very vulnerable to housing price boom because …
They say housing debts of seniors in US and UK are very alarming … What about seniors in Canada ? We know developers are targeting seniors as condo market in cities are dwindling … Condos are being sold at almost the same price even in middle of nowhere in Canada where land is practically “free” […]
Mortgage: How high will the rate be ? Why so ?
Why are Canadian mortgages rising? And how far could they go? This post appeared first on Canadian Business. One after the other, Canada’s big banks have all hiked-up mortgage rates this week. Why? In large part, it has to do with the U.S. recovery. There are two major channels in which a healthier and faster-growing economy down south […]
Fighting Mortgage Fraud
By Karen Beattie, NEXSYS Financial Mortgage fraud in Canada has increased by a staggering 50% in recent years, according to Equifax. While accounting for only 13% of attempted frauds in 2011, mortgage fraud was responsible for two-thirds, or $400 million, of the estimated dollar amount of financial fraud in Canada. According to John Russo, Vice President […]
Canada Home Price Will Continue To Rise (Forever) Or Get Ready For Unprecedented Bankruptcies
8 Myths of Bankruptcy Filing for personal bankruptcy still carries a powerful stigma in this country. Mere mention of the word conjures up images of deadbeats — irresponsible consumers who couldn’t be bothered to get a job or figure out a budget. Yes, there are deadbeats among the bankrupts. But the truth is that there are plenty […]