Blog

Published on Thu, 06 Sep 2018 19:35:30 +0000

We all have debt. It’s inevitable. No one comes into the world with enough money to immediately buy everything we could ever want or need. That’s okay. As long as you keep it under control, you can live a perfectly healthy financial life and, dare we hope, prosper at the same time. Now you probably think of debt and prosperity ... Read More

The post Is Your Focus on Your Debt Getting in The Way of True Prosperity? appeared first on Mortgage Talk Canada.

Published on Fri, 17 Aug 2018 14:29:18 +0000

Global index says MetroVancouver’s home prices are 65 per cent higher than they should be Canada has been ranked the world’s third most overvalued country in the world for real estate, at 56 per cent higher than it should be based on typical incomes, according to a global house price index by The Economist. Canada was beaten only by New Zealand and Australia in the rankings by the ... Read More

The post Canada is third most overvalued country for real estate: Economist appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 15:10:22 +0000

One key thing that all people who have financial freedom have in common is that they live below their means. For example, Warren Buffet is worth 10’s of BILLIONS of dollars and he still lives in the same house he bought in 1958 for $31,500! Getting in the habit of living below your means is important. Here’s some tips on ... Read More

The post How To Live Below Your Means appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 15:06:12 +0000

So, you’re thirty. You’re not a kid anymore, you know how to act responsibly and your life is getting a lot more complicated. Getting married, having kids, moving up in your career, buying a home, all these things are in transition and it can be overwhelming. Don’t let the chaos of your life turn into chaos for your bank account. ... Read More

The post 5 Financial Tips for Your 30’s appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 14:58:01 +0000

You always hear advice from people advocating living below your means. Why, though? Living within your means doesn’t sound like it’ll get you in trouble, you’re not overspending. So why should you pretend you have less money that you actually do? Here are a few reasons why living below your means can make your life much easier: Debt Elimination – ... Read More

The post Why Should You Live Below Your Means? Here’s Why. appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 14:29:06 +0000

If someone hasn’t been following Canada’s real estate market over the past year, the latest data from the Canadian Real Estate Association (CREA) may give the impression that not much has happened. After all, the average price of a home in Canada this July was $481,500, up just 1 per cent from 12 months ago, according to the monthly CREA ... Read More

The post What this summer’s Canadian home sales stats are masking appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 14:26:45 +0000

Vancouver’s industrial lease rates surged by 29.1 per cent over the last year. Beijing ranked second overall with a year-over-year increase of 19.8 per cent. The price to lease industrial and logistics space in Metro Vancouver increased more than in any other market in the world during the past year, a new report says. Vancouver’s industrial lease rates surged by ... Read More

The post Vancouver tops global increase in industrial lease rates appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 13:54:19 +0000

Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year. Transactions nationwide rose 1.9 per cent from June to 38,612, bringing them back toward the 10-year average, the Canadian Real Estate Association said Wednesday from Ottawa. Sales in Toronto ... Read More

The post Canadian home sales tick higher in July led by GTA market appeared first on Mortgage Talk Canada.

Published on Thu, 16 Aug 2018 13:25:58 +0000

Stress test rules implemented earlier this year have cooled the market, numbers suggest The average price of a Canadian home was $481,500 last month, a rise of one per cent in the past year. July marked the first time this year that average house prices eked out an annual increase, the Canadian Real Estate Association said Wednesday, as the impact ... Read More

The post Average Canadian house sold for $481,500 last month, up 1% in past year appeared first on Mortgage Talk Canada.

Published on Fri, 03 Aug 2018 12:37:16 +0000

If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your best option? The main difference is a bank mortgage officer represents only the products their institution offers, while a mortgage broker is an intermediary who works with multiple lenders and ... Read More

The post Mortgage brokers vs. banks: the pros and cons appeared first on Mortgage Talk Canada.