Last week’s fixed-rate interest hikes at major banks—as well as the likely Bank of Canada prime increase on Wednesday—could spell bad news for Vancouver house hunters
Credit unions are slowly earning their chunk of the mortgage market, but brokers warn of the potential pitfalls of not knowing the limitations and carefully reading the fine print.
While the industry continues to chime in about the interest rate cut and its impact on all sorts of homebuyers, investor clients are finding themselves left out in the cold by the banks.
“Are you sure he’s a mortgage broker?” I said to my husband as I clicked through links on the computer screen in front of me. “All I see on his Facebook page are pictures of him camping and hunting. He likes beer too.”
A report by the Conference Board of Canada says that the housing markets in Calgary and Edmonton were “hammered” in January and are buyer’s markets.
Talk of a further cut in interest rates has been fading in recent weeks and yesterday’s inflation figures from Statistics Canada may just kill them off.
Rental apartments are the next boom in Toronto’s housing market according to developers and investment funds.
The conviction of two major real estate developers – who have already once been accused of committing mortgage fraud -- in one of Canada’s busiest cities highlights the need for brokers to properly vet condo developers before recommending new-construction projects to their investor clients.
When it comes to porting a mortgage one type of lender reigns supreme, according to a recent poll.
The slight lull in one of Canada’s largest condo markets may soon come to an end, with the big banks refocusing on lending in that very segment.
After fifteen years of investing in rental properties – many of those years we purchased as many as ten houses – I’ve always wondered why more mortgage brokers weren’t focused on helping real estate investors.