The housing market is about to go through some big changes
It’s been an interesting couple of weeks - details of Ontario’s Housing Supply Action Plan were released, debate over the mortgage stress test continued, and sales activity started to heat up.
Hamilton condo construction on the rise thanks to first-time buyers
The Canada Mortgage and Housing Corporation released its housing starts data for June 2018, reporting an upward trend compared to the previous month.
Housing starts hit record highs and lows across Ontario
The Canada Mortgage and Housing Corporation released its housing starts results for December 2018, reporting an elevated annual level when compared to historical averages.
CREA concerned about rising interest rates as we head into the fall market
The Canadian Real Estate Association released its monthly home sales figures for September 2018, reporting slight concern over rising interest rates and the mortgage stress test.
Give Yourself Credit
Lenders want to know your ability and your willingness to pay back your mortgage before they give you one.
Have you ever noticed how much prime real estate banks occupy?
The Canada Mortgage and Housing Corporation (CMHC) released its annual Mortgage Consumer Survey this week, and as in just about any other business, one finding is that we’re increasingly shopping for mortgages online. It’s no longer even a trend —
The Hidden Costs of Popular Mortgages
Four popular mortgage terms: the venerable five-year fixed, the conservative 10-year fixed, the open mortgage, and the full-featured mortgage with big pre-payment privileges, why people pick these terms and how statistics impact each term's total cost of
What does the new mortgage rule mean for first-time buyers?
On October 17, 2016, most first-time buyers will have less borrowing power when it comes to being approved for a mortgage. Whenever less than 20% is put down on a home, the mortgage needs to be insured. The new rule states that every insured mortgage
Fewer millennials are buying homes in Canada
The Canada Mortgage and Housing Corporation released the results of its annual Mortgage Consumer Survey, providing insights on the behaviour, attitudes, and expectations of Canadians who are acquiring, renewing, and refinancing a mortgage.
Attempting to understand the new mortgage rules
As new mortgage rules take effect this week that make stress-testing mandatory for all insured mortgages, I’m left scratching my head. The new rule requires a stress-test for all insured mortgages, i.e. it will affect any prospective buyer with less than
