Legion in Esquimalt packs up, returning after 12-storey seniors project is built

Doug Grant, manager of Esquimalt Dockyard branch of Royal Canadian Legion, … Royal Canadian Legion, Esquimalt Dockyard branch at 622 Admirals Rd. … It paid off the $1.5-million mortgage and provided about $100,000 to pay …

The post Legion in Esquimalt packs up, returning after 12-storey seniors project is built appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/legion-in-esquimalt-packs-up-returning-after-12-storey-seniors-project-is-built/

How long does it take to save a down payment in priciest cities?

However, strict mortgage qualification rules mean that a couple on this … Point2Homes listed 40 Canadian cities that are affordable for Millennials …

The post How long does it take to save a down payment in priciest cities? appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/how-long-does-it-take-to-save-a-down-payment-in-priciest-cities/

Low Numbers Have Canadian Blood Services Calling for Donors

Each year the Canadian Blood Services(CBS) struggles to keep their … are triple the average of Canadians who are behind on mortgage payments.

The post Low Numbers Have <b>Canadian</b> Blood Services Calling for Donors appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/low-numbers-have-canadian-blood-services-calling-for-donors/

Canadian economy expanding at 2.6% annual pace

Canada’s economy grew by half a per cent in May, almost twice what … five months this year, following new mortgage rules put in place in January.

The post <b>Canadian</b> economy expanding at 2.6% annual pace appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-economy-expanding-at-2-6-annual-pace/

Canada’s Best Places to Live 2018: Methodology

Source: Canada Mortgage and Housing Corporation, Environics Analytics. Rent price growth: 4 points. We calculated how quickly rents for …

The post <b>Canada’s</b> Best Places to Live 2018: Methodology appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadas-best-places-to-live-2018-methodology/

Monday, 30 July 2018

Depreciating Chinese currency could impact Canadian real estate

“The most popular Canadian destinations for Chinese buyers are Toronto, … “The foreign buyer tax and mortgage rules will have more impact on …

The post Depreciating Chinese currency could impact <b>Canadian</b> real estate appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/depreciating-chinese-currency-could-impact-canadian-real-estate/

CMHC pushing for stricter fraud detection mechanisms

In its bid to crack down on fraud, the Canada Mortgage and Housing Corporation has petitioned the Canada Revenue Agency to take a “more direct …

The post CMHC pushing for stricter fraud detection mechanisms appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/cmhc-pushing-for-stricter-fraud-detection-mechanisms/

The cost of missing your mortgage payments

Although the recorded percentage of mortgages in arrears by Canadian Bankers Association (CBA) at the end of February this year was only .24%, …

The post The cost of missing your <b>mortgage</b> payments appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/the-cost-of-missing-your-mortgage-payments/

Saskatchewanians Triple Percentage of Canadians in Arrears

0.79% of mortgage owners are currently in arrears in Saskatchewan, while the average number of Canadians in arrears in only 0.24%. That’s 1,033 of …

The post Saskatchewanians Triple Percentage of <b>Canadians</b> in Arrears appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/saskatchewanians-triple-percentage-of-canadians-in-arrears/

2 Housing Stocks to Watch in August

One was from the Canadian Real Estate Association (CREA) which showed … The good news is, mortgage originations grew 32.9% from Q4 2017.

The post 2 Housing Stocks to Watch in August appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/2-housing-stocks-to-watch-in-august/

Canadian Mortgage Growth Plummets To The Lowest Levels Since 2001

Slowing Canadian real estate sales are hitting mortgage credit growth. Bank of Canada (BoC) numbers show June’s mortgage credit numbers grew …

The post <b>Canadian Mortgage</b> Growth Plummets To The Lowest Levels Since 2001 appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-mortgage-growth-plummets-to-the-lowest-levels-since-2001/

Is your retirement plan risky?

Given today’s high house prices and the fact that a large part of Canadian’s monthly budgets are being eaten up by mortgage payments, it’s …

The post Is your retirement plan risky? appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/is-your-retirement-plan-risky/

Major markets are vulnerable: CMHC

A quarterly report from Canada Mortgage and Housing Corporation warns that Toronto and Vancouver are susceptible to corrections in the market.

The post Major markets are vulnerable: CMHC appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/major-markets-are-vulnerable-cmhc/

Saskatchewan mortgage arrears the highest nationwide

A new study by the Canadian Bankers Association has found that that three times more borrowers in Saskatchewan are behind on their mortgage …

The post Saskatchewan <b>mortgage</b> arrears the highest nationwide appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/saskatchewan-mortgage-arrears-the-highest-nationwide/

Canadian households’ hidden debt

Many Canadian households may be in more serious financial situations than they realise. That’s because many couples are not talking about their …

The post <b>Canadian</b> households’ hidden debt appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-households-hidden-debt/

Mortgage Compare

Mortgage Compare (Canadian). Determining which mortgage provides you with the best value involves more than simply comparing monthly …

The post <b>Mortgage</b> Compare appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/mortgage-compare/

Sunday, 29 July 2018

Canadian banks are about more than just the housing market

Canada’s housing market is something of a national obsession. … “We view slowing mortgage growth as a very manageable headwind,” Mr. Sedran …

The post <b>Canadian</b> banks are about more than just the housing market appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-banks-are-about-more-than-just-the-housing-market/

Saturday, 28 July 2018

Deidre Schmeltzer – Mortgage Broker – Blog

The Canadian economy is poised to grow again, but in a very different way according to the Bank of Canada’s (BoC) recently-released Monetary …

The post Deidre Schmeltzer – <b>Mortgage</b> Broker – Blog appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/deidre-schmeltzer-mortgage-broker-blog/

Affiliates Partners

Mortgage Delivery Guy & team offers customized mortgage solutions that adopts … First Mortgages · Canadian Mortgages · Banks Mortgage Business …

The post Affiliates Partners appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/affiliates-partners/

Government intervention hurts housing markets

The results of a new report from Mortgage Professionals Canada (MPC) will be no surprise to those working in the new home-building industry and in …

The post Government intervention hurts housing markets appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/government-intervention-hurts-housing-markets/

2 Strategic Stocks for Your Financials Portfolio

Its P/B of 0.9 times book is ever so slightly too high for the Canadian mortgage industry. However, the margin is so slim that we may as well call …

The post 2 Strategic Stocks for Your Financials Portfolio appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/2-strategic-stocks-for-your-financials-portfolio/

Friday, 27 July 2018

Streetwise newsletter: Best reads of the week

Early Wednesday Air Canada unveiled a hostile bid to acquire the rewards … Bank, Canadian Imperial Bank of Commerce and Visa Canada Corp. … Inc. misled syndicated mortgage lenders about the value of land earmarked for …

The post Streetwise newsletter: Best reads of the week appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/streetwise-newsletter-best-reads-of-the-week/

Mortgages in Surrey, , Canada

Search our database of Surrey, Canada Indo-Canadian Business … Surrey, Canada’s Top Rated Mortgages Indo-Canadian Business …

The post <b>Mortgages</b> in Surrey, , <b>Canada</b> appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/mortgages-in-surrey-canada/

Debt affecting relationships, mental health

Excluding the mortgage debt on their houses, the average debt held by all Canadians was $22,837 in the last quarter of 2017, according to the …

The post Debt affecting relationships, mental health appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/debt-affecting-relationships-mental-health/

2 Canadian Dividend Stocks to Help You Retire at the Cottage

2 Canadian Dividend Stocks to Help You Retire at the Cottage … With this thought in mind, let’s take a look at two Canadian dividend stocks that might … offset the slowdown in mortgage lending that could occur in the coming years.

The post 2 <b>Canadian</b> Dividend Stocks to Help You Retire at the Cottage appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/2-canadian-dividend-stocks-to-help-you-retire-at-the-cottage/

Sudden price decline comes with great danger – MPC

The latest edition of Mortgage Professionals Canada’s Housing and Mortgage Market in Canada report warned that a sudden home price correction is …

The post Sudden price decline comes with great danger – MPC appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/sudden-price-decline-comes-with-great-danger-mpc/

Renovations represent a significant chunk of construction spending – report

Read more: Condo buyers might pay the price in Canada-U.S. trade war … was done by Canadian homeowners for the purposes of renovations in 2017. … such as HELOCs or refinancing a mortgage to a larger amount – accounted …

The post Renovations represent a significant chunk of construction spending – report appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/renovations-represent-a-significant-chunk-of-construction-spending-report/

Thursday, 26 July 2018

Housing market sentiment has been dented by government policy

Consumers have a more negative outlook on the Canadian housing market and it’s the government’s fault. That’s a key finding of Mortgage …

The post Housing market sentiment has been dented by government policy appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/housing-market-sentiment-has-been-dented-by-government-policy/

Retirees are driving up prices of waterfront cottages in Canada

Canadian millennials have another reason to resent baby boomers. … an economic slowdown and the harsher impact of tighter mortgage-lending …

The post Retirees are driving up prices of waterfront cottages in <b>Canada</b> appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/retirees-are-driving-up-prices-of-waterfront-cottages-in-canada/

Canada’s overall housing market remains highly vulnerable

Canada’s overall housing market remains highly vulnerable …. SOURCE Canada Mortgage and Housing Corporation. For further information: …

The post <b>Canada’s</b> overall housing market remains highly vulnerable appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadas-overall-housing-market-remains-highly-vulnerable/

As Canada’s residential market recovers, recreational properties surge

“The economic slowdown in the Prairies, combined with stricter mortgage qualifications, has affected demand in its recreational market,” says Elton …

The post As <b>Canada’s</b> residential market recovers, recreational properties surge appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/as-canadas-residential-market-recovers-recreational-properties-surge/

In the news today, July 26

Canada Mortgage and Housing Corporation will release the Housing Market … The 109th Canadian Open tees off today at the Glen Abbey course in …

The post In the news today, July 26 appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/in-the-news-today-july-26/

Capitalism, where the taxpayers bail out the rich

There would be no capital in the Canadian VC [venture capital] ecosystem were … In the biggest move, the Crown Corporation Canada Mortgage and …

The post Capitalism, where the taxpayers bail out the rich appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/capitalism-where-the-taxpayers-bail-out-the-rich/

If you want pharmacare, pay more taxes

The words “pay as you go” have little meaning in Canada these days. … Canadian owes $8,500 in consumer debt alone, not counting a mortgage …

The post If you want pharmacare, pay more taxes appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/if-you-want-pharmacare-pay-more-taxes/

How portfolio structure can save tax for clients with private corps

… for clients who own Canadian-controlled private corporations (CCPCs). … and our Canadian commercial mortgage pool, NWM Balanced Mortgage:.

The post How portfolio structure can save tax for clients with private corps appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/how-portfolio-structure-can-save-tax-for-clients-with-private-corps/

Trailblazer keeps eye on prize

Kathy Gregory has had a decorated career. Winner of the Lifetime Achievement Award earlier this year at the Canadian Mortgage Awards, Gregory is …

The post Trailblazer keeps eye on prize appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/trailblazer-keeps-eye-on-prize/

HSBC Bank Canada to dig further into retail banking

HSBC Canada currently offers 5-year variable mortgages at a 2.39% rate. … “We have seen a growth in market share on the mortgage side, on the …

The post HSBC Bank <b>Canada</b> to dig further into retail banking appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/hsbc-bank-canada-to-dig-further-into-retail-banking/

Canada’s seniors prefer to stay put in their homes – poll

93% of Canadian home owners aged 65 and over expressed a belief that it is important for them to live in their current homes in their retirement years, …

The post <b>Canada’s</b> seniors prefer to stay put in their homes – poll appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadas-seniors-prefer-to-stay-put-in-their-homes-poll/

More Housing for Strathcona County Seniors on the Way

The governments of Canada and Alberta provided a combined investment of $32 million for … SOURCE Canada Mortgage and Housing Corporation.

The post More Housing for Strathcona County Seniors on the Way appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/more-housing-for-strathcona-county-seniors-on-the-way/

best mortgage rates Canada

best mortgage rates Canada. The Cost of Using One Financial Provider. categories: Deposits Personal Finance. Having the same bank has its …

The post best <b>mortgage</b> rates <b>Canada</b> appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/best-mortgage-rates-canada/

What do we mean when we say “Canada’s housing market?”

Recently, you may have read reports on Canada’s housing market that use phrases like “stabilizing,” “out of its slump,” and “no signs of cooling.

The post What do we mean when we say “<b>Canada’s</b> housing market?” appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/what-do-we-mean-when-we-say-canadas-housing-market/

Monday, 23 July 2018

More people behind on mortgages in Sask. than any other province

The report done by the Canadian Bankers Association shows that one in … The report comes at a time when mortgage brokers in Regina say the …

The post More people behind on <b>mortgages</b> in Sask. than any other province appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/more-people-behind-on-mortgages-in-sask-than-any-other-province/

Canada needs tax reform to boost competitiveness, OECD says

Canada needs tax reform to boost competitiveness, OECD says … Still, a series of changes to mortgage rules and other macro-prudential measures …

The post <b>Canada</b> needs tax reform to boost competitiveness, OECD says appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canada-needs-tax-reform-to-boost-competitiveness-oecd-says/

OECD urges Canada to improve corporate competitiveness

Still, a series of changes to mortgage rules and other macro-prudential measures have mitigated the risks around a long housing boom, the OECD …

The post OECD urges <b>Canada</b> to improve corporate competitiveness appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/oecd-urges-canada-to-improve-corporate-competitiveness/

Raising capital without using a bank

One of the biggest struggles facing Canadian manufacturers, particularly … This situation really isn’t drastically different than a standard mortgage in …

The post Raising capital without using a bank appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/raising-capital-without-using-a-bank/

Sunday, 22 July 2018

Canadian Imperial Bank of Commerce

Jul, 21 2018 – Mortgage Advisor, Ottawa – We’re on a mission to build the relationship-focused bank of the future and we’re looking for the passionate …

The post <b>Canadian</b> Imperial Bank of Commerce appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-imperial-bank-of-commerce/

Saturday, 21 July 2018

Did You Fib On Your Mortgage Application? There May Be Trouble Ahead

With house prices rising sharply in some Canadian cities, the pressure on homebuyers to get into the market has grown intense. We are a homeowner …

The post Did You Fib On Your <b>Mortgage</b> Application? There May Be Trouble Ahead appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/did-you-fib-on-your-mortgage-application-there-may-be-trouble-ahead/

Edmonton man charged in $5.5 million ponzi scheme

Edmonton police allege Timothy Carruthers facilitated 257 fraudulent bridge mortgage loans worth a total of $5.5 million between January 2009 and …

The post Edmonton man charged in $5.5 million ponzi scheme appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/edmonton-man-charged-in-5-5-million-ponzi-scheme/

Building for health can give a competitive advantage

A growing number of developers are showing an interest in building for health and obtaining wellness certification to gain a competitive advantage.

The post Building for health can give a competitive advantage appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/building-for-health-can-give-a-competitive-advantage/

CMHC announces new help for self-employed homebuyers

Canada Mortgage and Housing Corporation is to give lenders more guidance and flexibility to help self-employed homeowners. As part of the …

The post CMHC announces new help for self-employed homebuyers appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/cmhc-announces-new-help-for-self-employed-homebuyers/

Friday, 20 July 2018

Number of Sask. people behind on mortgages at 26-year high

The number of people in Saskatchewan behind on their mortgages is the highest it has been since 1992, according to a new report from the Canadian …

The post Number of Sask. people behind on <b>mortgages</b> at 26-year high appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/number-of-sask-people-behind-on-mortgages-at-26-year-high/

Annual inflation rate heats up to 2.5%

On Thursday, the Canadian government vowed to retaliate with auto tariffs of its … In Canada, the inflation figures Friday showed it’s already running hot. … figure were pricier airline tickets, restaurants and mortgage interest costs.

The post Annual inflation rate heats up to 2.5% appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/annual-inflation-rate-heats-up-to-2-5/

Canadians should learn to fall in love with smaller homes

Here’s what he said at the press conference where he announced the rate hike: “People who don’t qualify for a mortgage on the house they wish today …

The post <b>Canadians</b> should learn to fall in love with smaller homes appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadians-should-learn-to-fall-in-love-with-smaller-homes/

June inflation rate up to 2.5%, highest in six years

… figure were pricier airline tickets, restaurants and mortgage interest costs. … WATCH: Bank of Canada expects modest rise to inflation, will ‘ease’ in …

The post June inflation rate up to 2.5%, highest in six years appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/june-inflation-rate-up-to-2-5-highest-in-six-years/

What a (cooling) heat map tells us about Canada’s housing market

Things suddenly look less dire for Canada’s housing market. … adjusting to mortgage stress tests introduced by the federal bank regulator in January.

The post What a (cooling) heat map tells us about <b>Canada’s</b> housing market appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/what-a-cooling-heat-map-tells-us-about-canadas-housing-market/

Industrial sector reveals state of Toronto’s economy

“The rise of e-commerce has had serious impacts on the Canadian … delivery,” said Laura Martin, Matrix Mortgage Global chief operations officer.

The post Industrial sector reveals state of Toronto’s economy appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/industrial-sector-reveals-state-of-torontos-economy/

Thursday, 19 July 2018

How to boost your chances of getting a mortgage in Canada

The recent changes to mortgage financing rules set by the federal and provincial governments may make it more difficult for a prospective borrower to …

The post How to boost your chances of getting a <b>mortgage</b> in <b>Canada</b> appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/how-to-boost-your-chances-of-getting-a-mortgage-in-canada/

Why you should consider opting out of your employer’s health benefits

More than one-third of Canadian companies split the cost of extended … Together, that’s enough for a mortgage payment in some Canadian cities, …

The post Why you should consider opting out of your employer’s health benefits appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/why-you-should-consider-opting-out-of-your-employers-health-benefits/

Thriving sector creates new opportunities for brokers

Mortgage brokers are probably benefiting from increased business and the sales … “You’re seeing a lot of foreign investors look at the Canadian market from … “So you’d think there would be a sustainable opportunity for mortgage …

The post Thriving sector creates new opportunities for brokers appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/thriving-sector-creates-new-opportunities-for-brokers/

More than a quarter of Canadians experience financial hardship: study

Angus Reid says it means over one-quarter of the Canadian population … to use a food bank, or not being able to pay your rent or mortgage on time. “.

The post More than a quarter of <b>Canadians</b> experience financial hardship: study appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/more-than-a-quarter-of-canadians-experience-financial-hardship-study/

Wednesday, 18 July 2018

A Toronto Condo Now Costs What A Single-Family Home Cost 6 Years Ago

By HuffPost’s calculations, a household earning Canada’s median income— pegged at $70,336 in the latest census— can afford a mortgage for a …

The post A Toronto Condo Now Costs What A Single-Family Home Cost 6 Years Ago appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/a-toronto-condo-now-costs-what-a-single-family-home-cost-6-years-ago/

Significant investments in low-rental housing in Côte-Nord

This work was funded in equal part by Canada Mortgage and Housing Corporation (CMHC) and the Société d’habitation du Québec (SHQ), which …

The post Significant investments in low-rental housing in Côte-Nord appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/significant-investments-in-low-rental-housing-in-cte-nord/

Habitation des ÃŽles officially opens in Sept-ÃŽles

Through Canada Mortgage and Housing Corporation (CMHC) and the SHQ, the governments of Canada and Quebec provided more than $4.8 million …

The post Habitation des ÃŽles officially opens in Sept-ÃŽles appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/habitation-des-les-officially-opens-in-sept-les/

3 Top Real Estate Stocks I’d Buy With an Extra $5000

In Canada, rising interest rates, tightening mortgage rules, and a decade-long boom have made investing in this asset class extremely difficult for retail …

The post 3 Top Real Estate Stocks I’d Buy With an Extra $5000 appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/3-top-real-estate-stocks-id-buy-with-an-extra-5000/

Moody’s Investor Service Raises Its Credit Rating Outlook On Canada’s Big Banks

Moody’s Investors Service has raised its credit rating outlook on Canada’s major … and Canadian banks vulnerable to downside risks facing the Canadian … federal government has instituted new rules to tighten mortgage lending.

The post Moody’s Investor Service Raises Its Credit Rating Outlook On <b>Canada’s</b> Big Banks appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/moodys-investor-service-raises-its-credit-rating-outlook-on-canadas-big-banks/

Legal news Roundup – July 18, 2018

Canada’s housing watchdog pushes for better income checks to catch mortgage fraud, Financial Post Abdoul Abdi relieved federal government won’t …

The post Legal news Roundup – July 18, 2018 appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/legal-news-roundup-july-18-2018/

Housing agency seeks stronger measure to catch fraudsters

That may change, as Canada’s overheated housing market draws … shows the agency is concerned about systemic risk posed by mortgage fraud.

The post Housing agency seeks stronger measure to catch fraudsters appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/housing-agency-seeks-stronger-measure-to-catch-fraudsters/

Toronto sales remain robust in June, July

… propelled sales in the national market to their fastest monthly pace this year (4.1%), per the latest figures from the Canadian Real Estate Association.

The post Toronto sales remain robust in June, July appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/toronto-sales-remain-robust-in-june-july/

Tuesday, 17 July 2018

Strong outlook for Durham housing market

Dana Senagama, principal market analyst (GTA) for the Canadian Mortgage and Housing Corporation, says Durham “tends to buck the trend.”.

The post Strong outlook for Durham housing market appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/strong-outlook-for-durham-housing-market/

Rebound imminent, claims report

The Altus Group Housing Report furthermore elucidates how instrumental first-time homebuyers are to the health of the Canadian real estate market.

The post Rebound imminent, claims report appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/rebound-imminent-claims-report/

Reverse mortgage: Is this the solution if you retire cash-poor?

Reverse mortgages have never been this popular in Canada. Inquiries about them have doubled between 2016 and 2017, according to HomeEquity …

The post Reverse <b>mortgage</b>: Is this the solution if you retire cash-poor? appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/reverse-mortgage-is-this-the-solution-if-you-retire-cash-poor/

Moody’s upgrades credit rating outlook for Canada’s major banks

Moody’s upgrades credit rating outlook for Canada’s major banks … Moody’s Investors Service raised its credit rating outlook on Canada’s major banks on … government has instituted new rules meant to tighten mortgage lending.

The post Moody’s upgrades credit rating outlook for <b>Canada’s</b> major banks appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/moodys-upgrades-credit-rating-outlook-for-canadas-major-banks/

Almost a third of Canadians ‘very stressed about money,’ report finds

Nearly one third of Canadians feel “very stressed about money” on a … of Canadians have done this in their lives); Being late paying rent or mortgage …

The post Almost a third of <b>Canadians</b> ‘very stressed about money,’ report finds appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/almost-a-third-of-canadians-very-stressed-about-money-report-finds/

Trend of progressively higher interest rates not over – analyst

“For anyone with a memory of mortgage rates that stretches back a decade or more, last week’s rise in the Bank of Canada key lending rate to 1.5% …

The post Trend of progressively higher interest rates not over – analyst appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/trend-of-progressively-higher-interest-rates-not-over-analyst/

Indigenous housing groups flag funding change

The Canada Mortgage and Housing Corp. reported late last month that some 1.6 million homes, or 13.6 per cent of all urban households, were in core …

The post Indigenous housing groups flag funding change appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/indigenous-housing-groups-flag-funding-change/

Canadian home sales dip to 5-year low for June

“This year’s new stress-test on mortgage applicants has been weighing on homes sales activity; however, the increase in June suggests its impact …

The post <b>Canadian</b> home sales dip to 5-year low for June appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-home-sales-dip-to-5-year-low-for-june/

Monday, 16 July 2018

CREA: The Canadian Real Estate Market Picked Up Again In June

Statistics released today by the Canadian Real Estate Association (CREA) … in the Canadian market can largely be attributed to tightened mortgage …

The post CREA: The <b>Canadian</b> Real Estate Market Picked Up Again In June appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/crea-the-canadian-real-estate-market-picked-up-again-in-june/

Toronto leads Canada’s biggest gain in home sales this year

Home sales had dropped through most of 2018 after the government tightened mortgage rules for new borrowers, and the Bank of Canada’s raised …

The post Toronto leads <b>Canada’s</b> biggest gain in home sales this year appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/toronto-leads-canadas-biggest-gain-in-home-sales-this-year/

Home sales go up in June but remain well below last year’s levels

Home sales across Canada rose by 4.1 per cent in June compared to May, … years, according to the latest report by the Canadian Real Estate Association … “This year’s new stress-test on mortgage applicants has been weighing on …

The post Home sales go up in June but remain well below last year’s levels appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/home-sales-go-up-in-june-but-remain-well-below-last-years-levels/

Toronto Leads Canada’s Greatest Gain In Home Sales This Year

After the government had tightened mortgage rules for new borrowers and the Bank of Canada raised borrowing costs, home sales had dropped …

The post Toronto Leads <b>Canada’s</b> Greatest Gain In Home Sales This Year appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/toronto-leads-canadas-greatest-gain-in-home-sales-this-year/

Canadian home re-sales recover in June but remain below average: CREA

Canada’s housing market, which had cooled in the last year in response to rising interest rates and tighter mortgage rules – dubbed a stress-test – is …

The post <b>Canadian</b> home re-sales recover in June but remain below average: CREA appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-home-re-sales-recover-in-june-but-remain-below-average-crea/

Canadian home sales activity improves in June

“This year’s new stress-test on mortgage applicants has been weighing on homes sales activity; however, the increase in June suggests its impact …

The post <b>Canadian</b> home sales activity improves in June appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/canadian-home-sales-activity-improves-in-june/

How-to buy Canadian

Yogurt: Most yogurt is made with Canadian milk and the country only …. Higher mortgage rates and stricter lending rules have been blamed for the …

The post How-to buy <b>Canadian</b> appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/how-to-buy-canadian/

Older Canadian homeowners want eager homebuyers to back off

HomeEquity Bank wants older Canadians to know that a reverse mortgage is not a loan of last resort; it’s an empowering tool they can leverage to help …

The post Older <b>Canadian</b> homeowners want eager homebuyers to back off appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/older-canadian-homeowners-want-eager-homebuyers-to-back-off/

COMMENTARY: Are indebted Canadians foolhardy or prey?

Canadians carry almost $600 billion in non-mortgage debt and that money ain’t free. The lending business relies on interest and, well, they’ve done …

The post COMMENTARY: Are indebted <b>Canadians</b> foolhardy or prey? appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/commentary-are-indebted-canadians-foolhardy-or-prey/

Sunday, 15 July 2018

Buying A Cottage

After buying a home, cottage ownership is often high on the wish lists of Canadian families. In fact, many of us dream of a weekend retreat to escape …

The post Buying A Cottage appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/buying-a-cottage/

10 Things Canadians Pay Less For

Real estate in Canadian cities is generally more expensive than in cities in the United States. However, the yearly mortgage interest rate at a fixed rate …

The post 10 Things <b>Canadians</b> Pay Less For appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/10-things-canadians-pay-less-for/

Signs of stabilization in Canadian housing markets: study

The decrease is due in large part to tighter mortgage rules and higher interest rates Canada-wide. Vancouver realtor Gary Serra went so far as to call …

The post Signs of stabilization in <b>Canadian</b> housing markets: study appeared first on Consumer-Mortgage.



source http://consumer-mortgage.com/signs-of-stabilization-in-canadian-housing-markets-study/