Blog

Published on Mon, 16 Sep 2019 14:01:55 +0000

by Ephraim Vecina Canadians continue to be anxious about inflation and rising costs of living, despite household debt easing slightly by the second quarter of the year. According to fresh data from the Credit Counselling Society, the Canadian household debt ratio shrunk to 177.1% of disposable income during Q2 2019, slightly lower than the previous quarter’s reading of 177.6%. The CCS ... Read More

The post Canadians’ worries about household debt continue to persist appeared first on Mortgage Talk Canada.

Published on Mon, 09 Sep 2019 15:50:46 +0000

by Ephraim Vecina After three straight months of stagnant levels, the Canadian workforce saw the addition of 81,000 new jobs last month. The increase far surpassed earlier predictions of roughly 20,000 new workers, and contributed to the massive 471,300 new jobs in the economy during the past year alone. This was the largest 12-month gain since 2003, keeping the unemployment rate ... Read More

The post Better employment to fuel even greater housing sales activity appeared first on Mortgage Talk Canada.

Published on Tue, 03 Sep 2019 14:01:09 +0000

By: Peter Evans If a recession is headed our way, the canaries in the economic coal mine that are most likely to sing its arrival will be Canada’s big banks. That’s because Canada’s five biggest lenders — Royal Bank, TD, Bank of Montreal, Scotiabank and CIBC — have a hand in nearly every aspect of Canada’s economy, from loaning businesses money for ... Read More

The post What profits at Canada’s big banks are saying about the odds of a recession appeared first on Mortgage Talk Canada.

Published on Mon, 26 Aug 2019 14:11:39 +0000

By: Peter Miller The Mortgage Reports Contributor You might be delaying your plans to apply for a refinance. And that could be a mistake. The time it takes to refinance is about to shoot up. Way up. Homeowners are refinancing in droves, which is taking lenders by surprise. In December 2012 it took 57 days to close a refinance, according to mortgage ... Read More

The post Refinance now or wait in a very, very long line appeared first on Mortgage Talk Canada.

Published on Mon, 19 Aug 2019 13:38:35 +0000

by Neil Sharma Toronto is experiencing one of the world’ s largest building booms, but it’s the city’s mixed-use developments that have become the world’s envy. One such development is Union Park, a sprawling 4.3 million square foot, $3.5 billion office, residential and retail complex in the city’s core. Not only will it be one of the largest developments in Toronto’s ... Read More

The post Toronto mixed-use developments the world’s envy appeared first on Mortgage Talk Canada.

Published on Tue, 13 Aug 2019 17:16:57 +0000

by Isabelle Khoo It doesn’t look like the housing bubble will pop anytime soon. Despite high prices, housing demand in Canada continues to climb and sales continue to soar. According to Toronto and Vancouver real estate board data, home sales rose by 24 per cent year over year in July in both cities. The increase was fuelled by low interest rates and high demand. The Bank of ... Read More

The post High House Prices Aren’t Stopping Canadians From Buying. Here’s Why. appeared first on Mortgage Talk Canada.

Published on Tue, 06 Aug 2019 14:21:07 +0000

By: Pete Evans  The government on Monday released details of a program announced during the last federal budget, an initiative that could see Canada’s housing agency contribute up to 10 per cent of the price of a buyer’s first home if certain conditions are met. Under the fine print for the First Time Home Buyer Incentive program, which was announced in March and will officially ... Read More

The post Government lays out fine print of new CMHC program that could contribute 10% to price of first home appeared first on Mortgage Talk Canada.

Published on Mon, 29 Jul 2019 14:05:43 +0000

by Ephraim Vecina For a growing number of Canadians, shared financial or property goals are now more important than looks when it comes to evaluating potential romantic partners. The HSBC-sponsored Beyond the Bricks annual survey, which polled 1,077 Canadians regarding their attitudes toward home ownership, found that fully 61% of Canadian millennials hold serious anxieties regarding housing. A significant proportion of ... Read More

The post Among dating Canadians, dreams of stability and home purchases matter appeared first on Mortgage Talk Canada.

Published on Mon, 22 Jul 2019 13:15:39 +0000

by Duffie Osental With the federal election looming large, the Ontario Real Estate Association is lobbying all four major parties to make homeownership cornerstones of their respective campaigns. The real estate association has been particularly vocal about the plight of first-time homebuyers, many, if not most, of whom are shuttered out of the housing market for reasons ranging from general affordability ... Read More

The post Affordable housing should be key election issue: OREA appeared first on Mortgage Talk Canada.

Published on Mon, 15 Jul 2019 14:08:04 +0000

While it didn’t happen this week, the likelihood that the Bank of Canada slashes interest rates is growing, according to observers. “If we were only looking at domestic factors, we might think that the Bank would soon start to consider further rate hikes,” said Stephen Brown, an economist with Capital Economics. “Economic growth is on track to outperform the Bank’s ... Read More

The post BoC interest rate cut likely on its way appeared first on Mortgage Talk Canada.