Daily Market Update: Ontario Market Overvalued – Thanks to Mom and Dad?
Are Mom & Dad responsible for the overvalued market in Ontario? It’s a positive outlook for Calgary … while affordable homes are celebrated homes in Moncton.
Expect soft landing and rate increase: CMHC
A decline in housing starts in 2014 is expected to cause a soft landing across Canada, according to the Canada Mortgage and Housing Corporation’s second quarter housing outlook, released Thursday.
Mortgage product gives buyers the chance to win
One leading network’s “Purchase Plus Improvement” mortgage product gives clients access to up to $40,000 for home renovations which is rolled into the payments. And as part of the product, one lucky couple took home $5,000 to help renovate their home.
House prices forecast to fall 20% over 5 years
Pacific Investment Management Co. forecasts Canadian home prices falling as much as 20 per cent in the next five years, removing the boost from household spending that contributed to faster than- expected growth last quarter, reports the Ottawa Citizen.
Daily Market Update: 'No bubble,' says Oliver | Slower market than expected | Amortization questions
No housing or mortgage crisis in Canada, according to the finance minister….. but academic calls the market “lacklustre” and says that’s significant…..and is shorter always better for mortgage amortizations?
Broker support from an unlikely place?
It's not the first place brokers would expect to hear support for their position, but the former Bank of Canada chief and current Bank of England governor is shrugging off concerns about the housing market.
Gen Y clients pose challenge for brokers
Millennials may actually have more financial advantages than their parents, despite constant reports to the contrary. Except when it comes to purchasing a home.
Daily Market Update:Foreign Investors spike home prices |Vancouver values soar | Alberta high speed
May begins at a frantic pace in Vancouver, but is this an overheating market or just part of the globalization of real estate?..... Property prices help keep consumer confidence high….. and is Edmonton ready for a high-speed link to Calgary?
Commercial mortgages reach $185 billion
Commercial mortgages are an increasingly lucrative business and these latest Canadian statistics may draw a few more players to the game.
Broker points out product's limitations
One broker has gone on the offensive to combat Investors Group’s 1.99 per cent three-year variable rate by outlining the product’s drawbacks.