Advice for credit challenged clients
In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional…
Flaherty charges CMHC new risk fee on mortgages
Finance Minister Jim Flaherty is taking another step to curb taxpayers’ exposure to the housing market, by charging Canada Mortgage and Housing Corp. a new risk fee. As of Jan.…
Thirty-year Mortgages
Canada’s banking regulator is still monitoring 30-year mortgages, the head of Canada’s financial regulator told a conference of mortgage brokers in Toronto on Monday. In recent years there has been…
CMHC Mortgage default Insurance
No one wants to inflate a housing bubble by encouraging folks who can’t afford the debt to buy. But many creditworthy first-time homebuyers are paying much more than they should…
Home sales dip in October as market cools
OTTAWA - Canadian home resales dipped last month for the first time since February in what many see as a signal that a so-called correction in the housing market remains…
Home Purchase with Renovation
Many lenders receive calls and emails from Mortgage Brokers about the purchase plus improvements program this year as Alberta is leading the country on a national basis for the amount of money…