Super Brokers News
Who says Canadians can’t save?
Among all the ups and downs in Canada's housing market over the last few months, one thing has remained certain: Mortgage rates are low. This has spurred homebuyers and homeowners alike to obtain new mortgages or refinance their current ones, offsetting the cooldown in sales due to Finance Minister Jim Flaherty's restrictions on government-backed mortgages. …
Home sales may be slowing down, but a report from the Bank of Montreal shows that plenty of Canadians are looking to enter the condominium market.
It’s time yet again for the Canadian Association of Accredited Mortgage Professionals’ semi-annual mortgage market survey, a tradition dating back to fall 2005.
While many industry observers feel that the mortgage restrictions put in place by Finance Minister Jim Flaherty could lead to a crash in the Canadian real estate market, Flaherty feels that current figures are a positive sign, according to Financial Post. "I'm comfortable about where we are," he told Julian Beltrame of the Canadian Press. "I'm …
Historically low mortgage rates are continuing to make homeownership affordable for Canadians, according to the Royal Bank of Canada. Data from the RBC's Housing Trends and Affordability report shows that low mortgage rates are keeping Canadian homeowners from entering dangerously unaffordable territory. Additionally, the report stated that rate increases are likely not on the horizon. …
Mortgage restrictions are turning first-time homebuyers into renters, and the increase in rental demand is resulting in higher costs, according to an article from Canadian Mortgage Trends.
According to Fitch Ratings’ Canadian Residential Mortgage Loan Loss Model, there are six primary factors that influence mortgage defaults.
It seems that not every member of the Conservative cabinet is a huge fan of Finance Minister Jim Flaherty’s penchant for getting involved in the mortgage market.