Mortgage

Decorative pattern

Commercial mortgage fund built on yield

In the years after the ABCP fiasco, the managers of the ACM Commercial Mortgage Fund were able to make some “incredible deals” while their competition was forced to sit on the sidelines.

By Kate McCaffery |September 12, 2011

6 min read

Decorative pattern

Market Insights

Canadians split on mortgage choices

It is now widely assumed that the Bank of Canada will put off raising interest rates until September, following this week's decision to stay the course. Yet a survey conducted by CIBC/Harris Decima suggests Canadians are split on what this might mean for their mortgages.

By Staff |June 2, 2011

2 min read

Decorative pattern

Market Insights

Mortgage amortization worries homeowners

More than half of Canadians would consider a shorter mortgage amortization, according to a survey from BMO Bank of Montreal.

By Staff |May 11, 2011

2 min read

Decorative pattern

Litigating a faulty RRSP mortgage

While not common today, it has long been possible to hold your own mortgage within an RRSP. Particularly in a high-interest-rate environment, there is certainly an appeal to feeding high monthly mortgage payments into your own RRSP — rather than to your favourite lending institution.

April 1, 2011

3 min read

Decorative pattern

Economic Indicators

Household debt high, but not dangerous

Reader Alert: This editorial is in response to Stephanie Holmes-Winton’s March16th column ‘What debt issue?’. Household debt in Canada is at record levels, but the situation is not as dire as some reports have suggested. While average household debt is $112,000, assets are also at record levels and net worth will increase as the economy […]

By Helmut Pastrick |March 18, 2011

3 min read

Decorative pattern

Economic Indicators

Are Canadians heeding debt warning?

It may be too early to tell, but Canadians may be taking the Bank of Canada’s warnings on household debt to heart, according to a report from CIBC World Markets. In November – the latest month for which data is available – household credit expanded at its slowest rate since 2001, growing by just 0.27% […]

By Steven Lamb |January 26, 2011

2 min read

Decorative pattern

Economic Indicators

Flaherty tightens mortgage rules

Finance Minister Jim Flaherty has announced new rules for mortgage lending and home equity credit lines designed to rein in growing debt among Canadians. The first of three new measures reduces the maximum amortization period from 35 to 30 years for new government-backed insured mortgages with loan-to-value ratios higher than 80%. “This will significantly reduce […]

By Dean DiSpalatro |January 17, 2011

3 min read

Decorative pattern

Economic Indicators

Mortgage debt soars 7.6%

Canadians owe a record $1.01 trillion through their mortgages, an increase of 7.6% over last year. But most appear comfortable with their debt load, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP). The organization’s sixth Annual State of the Residential Mortgage Market report found that 84% believed they could handle an increase of […]

By Steven Lamb |November 8, 2010

1 min read

Decorative pattern

Debt-free sounds good, but few making headway

Wishing on a star might fill your clients with hope, but when it comes to debt reduction, its probably not going to do the trick. More than two-thirds of Canadians (69%) rank “debt-freedom” as one of their top financial goals, but nearly half feel they have lost ground in this regard, according to a national […]

By Steven Lamb |September 16, 2010

2 min read

Decorative pattern

Planning and Advice

How to really resonate with clients

Keep asking good questions that help your client move out of crystallized-thinking mode and into emotional contemplation. Position yourself as a right-brain advisor who uses left-brain tools to accomplish the client’s goals. For example, “I am a coach, an educator and a catalyst for my clients,” rather than “I am an investment advisor, an insurance […]

By Barry LaValley |August 5, 2009

5 min read

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