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Published on Thu, 10 Jan 2019 16:20:19 +0000

By: Robb Nelson Building you own home? Let us explain why private financing is used vs bank financing. There is something primally satisfying about building your own home as you get to take a blank slate of land and turn it into the home of your dreams where everything is laid out the way you want. You get to make all ... Read More

The post Banks Won’t Touch Your Construction Loans, And Here’s Why You Don’t Want Them To appeared first on Mortgage Talk Canada.

Published on Wed, 09 Jan 2019 15:34:59 +0000

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent in 2019 from 3.7 per cent in 2018. In particular, growth in ... Read More

The post Bank of Canada maintains overnight rate target at 1 ¾ per cent appeared first on Mortgage Talk Canada.

Published on Mon, 07 Jan 2019 14:16:05 +0000

Josh Sherman Jan 5, 2019 On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it. “The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at a higher interest rate than they are ... Read More

The post The problem with the Canadian government’s mortgage stress test appeared first on Mortgage Talk Canada.

Published on Thu, 13 Dec 2018 15:56:41 +0000

Sarah Niedoba The dream of owning a home in many of Canada’s largest cities has become increasingly out of reach for the average would-be buyer. And according to a new survey, the majority of Canadians think the government should be doing more to help. Up to 71 percent of Canadians believe that the federal government should be doing more to ... Read More

The post 71% of Canadians Think the Federal Government Needs to do More to Improve Housing Affordability appeared first on Mortgage Talk Canada.

Published on Thu, 13 Dec 2018 14:21:42 +0000

Linda Nguyen, The Canadian Press Home prices across the country are expected to rise in 2019, but only at a moderate pace compared with recent years, according to two of Canada’s largest residential real estate brokerages. Royal LePage is anticipating the national median home price will increase by 1.2 per cent in 2019, with prices in Toronto and the surrounding areas ... Read More

The post Modest home price growth expected for 2019: Re/Max, Royal LePage appeared first on Mortgage Talk Canada.

Published on Thu, 06 Dec 2018 16:20:47 +0000

Pete Evans – CBC The Bank of Canada has decided to keep its benchmark interest rate unchanged while it digests the impact of its previous policy decisions and effect of drastically lower oil prices on the economy. The central bank revealed Wednesday it will keep its benchmark interest rate — known as the target for the overnight rate — at 1.75 ... Read More

The post Bank of Canada holds key interest rate steady at 1.75% appeared first on Mortgage Talk Canada.

Published on Mon, 03 Dec 2018 15:33:15 +0000

Natalie Wong, Bloomberg News Canada’s home builders are urging the federal government to loosen mortgage-lending restrictions that have helped cool housing markets this year. Executives at Mattamy Homes Ltd., North America’s largest closely held home builder, said the rules have brought about the desired soft landing and aren’t needed as much now that interest rates are rising. The Canadian Home ... Read More

The post Time to relax mortgage regulations, Canada home builders urge appeared first on Mortgage Talk Canada.

Published on Mon, 26 Nov 2018 21:00:09 +0000

By – Robb Nelson Loans secured against your home have been the hot product for a while now at all major lenders. They are presented in the form of a HELOC, or Home Equity Line of Credit, and are frequently how lenders will suggest you finance any major loan whether it be to send your kids to school, renovate your ... Read More

The post Is a HELOC A Good Idea? Not Really. What You Need to Know appeared first on Mortgage Talk Canada.

Published on Mon, 12 Nov 2018 14:02:05 +0000

Tips on Buying a New Home Home buying is an important personal decision and a big financial investment. You want to find the home that’s right for you and the builder who provides the best overall value and service. Home buyers and professional home builders agree there are a number of things you can do to make the buying process ... Read More

The post Building Your New Home appeared first on Mortgage Talk Canada.

Published on Wed, 07 Nov 2018 15:22:21 +0000

By Kate Ayers Staff Writer Farms.com Current market conditions are not a sign of trouble, the Canadian central bank says. Long-term bond yields are rising, and equity markets are returning to a normal level of volatility. The booming American economy is strengthening the U.S. dollar, Stephen Poloz, Bank of Canada’s governor, said in a Reuters article yesterday. “These characteristics do not point to a ... Read More

The post Interest hikes needed, Bank of Canada says appeared first on Mortgage Talk Canada.