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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.

Published on Thu, 01 Nov 2018 13:29:47 +0000

Bloomberg News October 31, 2018 Twenty per cent of refinancing for mortgage deals in the second quarter were funded by private lenders, a 67 per cent jump from the first quarter of 2016, according to a report Tuesday by Toronto brokerage Realosophy and property data provider Teranet. Purchasing homes and paying off mortgages are getting harder in Canada’s biggest city ... Read More

The post Higher interest rates, tougher mortgage rules drive surge in Toronto private lending appeared first on Mortgage Talk Canada.

Published on Wed, 31 Oct 2018 18:16:35 +0000

Sarah Niedoba livabl.com As fall draws to a close and the new year approaches, plenty of industry experts are making predictions about what 2019 will have in store for the Canadian housing market. This year saw housing activity take a major plunge, following the introduction of stricter mortgage qualification rules in January. While sales and prices have warmed up since ... Read More

The post 3 predictions on what 2019 could have in store for the Canadian housing market appeared first on Mortgage Talk Canada.

Published on Wed, 24 Oct 2018 14:53:59 +0000

The Canadian Press The Bank Canada raises its key interest rate target by a quarter of a percentage point. The central bank’s target for the overnight rate is now set at 1.75 per cent. The Bank of Canada is hiking its trend-setting interest rate as the resilient economy hums along and a big source of trade uncertainty is finally out ... Read More

The post Bank of Canada reveals latest interest rate decision appeared first on Mortgage Talk Canada.

Published on Tue, 23 Oct 2018 13:11:40 +0000

To many people your credit score is this shadow that follows you around your entire financial life that you don’t understand. You know its there, you know it affects you, but you don’t want to look at it too hard until you must. This is understandable, no one makes you look at it and until you need it it’s very ... Read More

The post What Is a Credit Score and What Can You Do About It? appeared first on Mortgage Talk Canada.

Published on Tue, 16 Oct 2018 14:03:43 +0000

There are very few issues that get as heated when discussed as property taxes. Everywhere from Facebook groups to coffee shops sees people getting up in arms about the amount of taxes that are paid on homes and businesses. Everyone has an opinion, but how exactly do our property taxes work? How are they calculated? Why do they go up? ... Read More

The post A Look at Property Taxes In CK appeared first on Mortgage Talk Canada.

Published on Wed, 19 Sep 2018 16:11:11 +0000

by Michael Heath Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity. “In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate debt,” Adam Slater, lead ... Read More

The post Canada among world’s four riskiest housing markets appeared first on Mortgage Talk Canada.

Published on Wed, 19 Sep 2018 16:10:18 +0000

Good news for Toronto mortgage brokers—the market appears to have rebounded. Numbers released by the Toronto Real Estate Board for the month of August reveal an 8.5% boost in sales over the same month last year, signifying an adjustment to market realities spurred by B-20 and the Fair Housing Plan. In total, 6,839 homes were sold throughout the Greater Toronto ... Read More

The post Toronto has rebounded appeared first on Mortgage Talk Canada.

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.