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Published on Fri, 08 Jun 2018 18:18:20 +0000

For now, Seattle-based real estate mega site Zillow is targeting only American eyeballs for Canadian properties through a new deal that gives it a direct feed to Century 21 Canada listings. The company announced Wednesday that it expects to feature Canadian real estate, including the Century 21 listings, later this year. The Zillow Group’s sites and apps, including Zillow.com and Trulia.com, ... Read More

The post Zillow to feature Canadian Century 21 listings this year appeared first on Mortgage Talk Canada.

Published on Fri, 08 Jun 2018 18:17:08 +0000

Canada’s recreational housing market is expected to boom over the summer season despite a softening in urban markets, according to a new report from Royal LePage. The Royal LePage Recreational Properties Survey, published Wedneday, forecast the average price for a second home in Canada will increase 5.8 per cent year-over-year to $467,764 in 2018, fueled mostly by Generation X (between 36 to ... Read More

The post Recreational housing market to heat up this summer: Royal LePage appeared first on Mortgage Talk Canada.

Published on Wed, 30 May 2018 17:53:40 +0000

Today, the Bank of Canada announced that it is maintaining the overnight rate target at 1.25%. The Bank notes that it will continue to assess the economy’s sensitivity to interest rate movements and the evolution of economic capacity and take a gradual approach to policy adjustments, guided by data. We will continue to keep you informed on any further developments.

The post Bank of Canada Announcement appeared first on Mortgage Talk Canada.

Published on Mon, 28 May 2018 13:32:31 +0000

Debt seems inescapable, and if you are trying to make your financial future healthy it is one of the biggest obstacles towards securing a major loan, whether it be for a car or a mortgage. Frankly, banks will not feel as comfortable giving you a loan if you have a significant amount of debt. If you look, there is TONS ... Read More

The post Debt Snowball Vs. Debt Avalanche: 2 insanely easy ways to pay down your debt appeared first on Mortgage Talk Canada.

Published on Fri, 25 May 2018 13:32:19 +0000

Let’s be honest, budgeting is the most boring adult thing you can do. You get your first job and you want to finally be able to have fun with your own money. But wait, you want a car, right? You want a house eventually, don’t you? Even if these goals are further down the road, starting to save now is ... Read More

The post Yes, Budgeting isn’t easy. But bite the bullet and do it anyway. appeared first on Mortgage Talk Canada.

Published on Fri, 25 May 2018 13:09:24 +0000

Breaking into the housing market is a daunting prospect. You have to do things like paying off student loans, afford rent, and still have some sort of a social life, all the while trying to put away thousands of dollars to purchase a place you can finally call your own. Here are six tips to maximize those savings efforts. Move ... Read More

The post Six Tips to Saving For A Precious Down Payment appeared first on Mortgage Talk Canada.

Published on Fri, 25 May 2018 12:49:34 +0000

Listen, there are a bunch of basic techniques that you’ve heard your entire life about saving and investing. There are the things that your parents have told you since you received that first paycheck: “I wish I would have done x at your age, I would have been so far ahead”. Whether this advice was “Pay yourself first” or “Make ... Read More

The post 4 Things Millennials Really Need to Understand About Money appeared first on Mortgage Talk Canada.

Published on Tue, 08 May 2018 16:23:20 +0000

Canadians have amassed a $2-trillion mountain of household debt that’s casting a big shadow over the timing of the Bank of Canada’s next interest rate hike, governor Stephen Poloz said in a speech Tuesday in Yellowknife. To Poloz, the “sheer size” of debt burden also means its associated risks to endure for a while, although he’s optimistic the economy can ... Read More

The post Bank of Canada reveals country’s staggering debt figure (Canadian Press) appeared first on Mortgage Talk Canada.

Published on Tue, 08 May 2018 15:22:11 +0000

Toronto home sales are off to the worst start in nine years, as tougher rules for mortgage qualifications and rising interest rates continue to push buyers out of the market. Sales fell for four straight months on a seasonally adjusted basis, with the fewest transactions to start a year since the 2009 recession, according to data Thursday from the Toronto ... Read More

The post Home sales lowest since recession (Bloomberg News) appeared first on Mortgage Talk Canada.

Published on Tue, 08 May 2018 13:18:22 +0000

The Ministry of Finance has remedied a significant regulatory oversight that precluded low-risk borrowers from insurable mortgage rates simply because they refinanced after a certain date. “A communication was sent to all the lenders from CMHC and Genworth that, effective Monday [April 30, 2018], any refinance after November 2016 can be switched or transferred to a new lender and qualify for insurable ... Read More

The post Government remedies oversight appeared first on Mortgage Talk Canada.