Mortgage

Will solution be found before hot housing tested? Fallback Image Decorative pattern

Economic Indicators

Will solution be found before hot housing tested?

Housing experts and economists are trying to determine why prices continue to creep up.

By Staff |March 28, 2017

3 min read

What should your clients do with their ‘mortgage gap’ money? Fallback Image Decorative pattern

Economic Indicators

What should your clients do with their ‘mortgage gap’ money?

When there’s a gap between the mortgage your client qualifies for and the one he actually gets, what should he do with the extra money? It’s a question posed by Garry Marr in the Financial Post. Mortgage rules were tightened in October, requiring homebuyers to qualify based on the Bank of Canada’s posted rate for […]

By Staff |March 22, 2017

2 min read

Explain CMHC’s mortgage loan premium hikes to homebuyers Fallback Image Decorative pattern

Industry

Explain CMHC’s mortgage loan premium hikes to homebuyers

Today, CMHC's mortgage loan insurance premium increases take effect.

By Staff |March 17, 2017

1 min read

Mutual funds, not homes, increase Canadians’ net worth Fallback Image Decorative pattern

Economic Indicators

Mutual funds, not homes, increase Canadians’ net worth

Home sales hit their highest level since April 2016, gaining 5.2% in February compared to January, reveals statistics from the Canadian Real Estate Association. Read: The solution to Canada’s housing crisis The national average price for a home sold in February was $519,521, up 3.5% from a year ago. Excluding Greater Toronto and Vancouver, the […]

By Staff |March 15, 2017

2 min read