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. […]
CIBC: “We have assigned all mortgage risks to taxpayers” ?
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 […]