While many women may be putting off marriage, they’re certainly not waiting around for Mr Right before taking the plunge into homeownership. It’s becoming increasingly apparent that a greater number of women are now taking the reigns when it comes to home purchases. There’s a growing trend among single women – and, more precisely, professional […]

Source:  Kamloops Daily News   November 5, 2012 While home sales are flat so far in 2012 and expected to stay that way for the remainder of the year, CMHC forecasts MLS sales will see double-digit increases next year. Canada Mortgage and Housing Corp. released its fourth-quarter housing outlook report Monday. About 1,360 homes sold […]

  Mortgage holders won’t find much to fret about in today’s statement from the Bank of Canada. The Bank left its policy rate unchanged, which means that prime rate should exit 2012 at the same level it’s been for 25 months, 3.00%. Carney & co. said that, “Over time, some modest withdrawal of monetary policy […]

DECODING THE MORTGAGE MARKET Don’t fear the small mortgage lender ROBERT MCLISTER Special to The Globe and Mail Published Friday, Aug. 03 2012, 7:00 PM EDT Last updated Tuesday, Aug. 07 2012, 6:43 AM EDT  Mortgage lenders come in all sizes, ranging from RBC – the biggest in the country – to tiny wholesale lenders and credit […]

Bank of Canada likely to hold interest rates until July 2013: BMO The Canadian Press  Jul 3, 2012 – 3:29 PM ET | Last Updated: Jul 3, 2012 3:44 PM ET TORONTO — The Bank of Montreal predicted Tuesday that the Bank of Canada will keep interests rates lower for longer than it expected. Economists at […]

BILL CURRY, GRANT ROBERTSON and TARA PERKINS OTTAWA AND TORONTO — The Globe and Mail The federal government is moving again to tighten the rules on mortgage lending in Canada amid growing concerns that the housing market is overheated and household debt levels are climbing to perilous levels. The country’s biggest banks were caught off guard on […]

The Bank of Canada sounded the alarm on growing household debt on Wednesday, taking aim in particular at the growing tendency of Canadians to take out lines of credit using home equity. While the Bank has repeatedly warned on household debt levels in the past, on Wednesday it provided more detail about the type of […]

A new report from Equifax is pointing a finger in the same direction as brokers, arguing non-mortgage debt as the real threat to consumer solvency. “It is not surprising to see consumer credit continue to increase given the significantly improved levels of consumer delinquencies and bankruptcies witnessed in the last year, coupled with record-low consumer […]

Mortgage rates have nowhere to go but up Garry Marr Mar 27, 2012 – 7:22 PM ET | Last Updated: Mar 27, 2012 7:33 PM ET The logic is pretty simple. You hit rock bottom and there is no where else to go but up. Mortgage rates on terms of five years and 10 years […]

  1. If I have mortgage default insurance do I also need mortgage life insurance? Yes. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or dependents to pay off the mortgage on the home should something tragic happen to you. Mortgage default insurance is something lenders require […]