Tag: mortgage

CMHC

Majority of First-Time Homebuyers Shop Online

By: The Super Broker

A CMHC study finds that First-time homebuyers conduct virtually all of their mortgage inquiries online.

Benchmark Rate

Higher Qualification Rates Posted by Banks

By: The Super Broker

On April 19th, all banks will be using what is referred to as a ‘benchmark rate’ to see who qualifies for a mortgage.

Flag

When to Lose the Bidding War

By: The Super Broker

There comes a point in time when a house price rises so high that a purchase may just not be a wise decision.

April 19 Deadline

Pre-Approved Rates Null After April 19

By: The Super Broker

As of April 19, all unsigned pre-approved mortgages will be made null and void due to the new qualifying rate rules.

Score Maker

New Tool to Improve Credit Score

By: The Super Broker

ScoreMaker gives advice to potential homebuyers on how to boost their credit score.

Debt

Canadian’s Debt Loads Reach All-Time High

By: The Super Broker

Historically the cost of a home has equated three times the average Canadian worker’s income after tax.

Canadian Bankers Association

Mortgage Arrears Tied to Job Market

By: The Super Broker

Research illustrates that as employment possibilities decline, mortgage arrears rise.

CAAMP

Canadians Cognizant of Rising Debt Ratios

By: The Super Broker

Contentions that Canadians risk their financial security and seek financing beyond their means are not true.

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