Tag

Mortgage

A good article on Home Capital in the Financial Post

SourceURL:http://www.financialpost.com/m/wp/fp-comment/blog.html?b=business.financialpost.com/fp-comment/dear-mr-morneau-its-time-to-step-in-and-save-home-capital Dear Mr. Morneau: It’s time to step in and save Home Capital Jordan Hymowitz and David Taylor, Special to Financial
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Mortgage insurance premiums on the rise for Canadians, some by more than 10%

Garry Marr | January 17, 2017 5:59 PM ET More from Garry Marr | @DustyWallet    
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Canada’s big banks rush to borrow ahead of rising rates

The Globe and Mail (Ottawa/Quebec Edition)12 Dec 2016Following the election in the U.S., there has been a rapid back-up in global yields. Stephen Poloz Governor, Bank of Canada ANDREW WILLIS awillis@globeandmail.com The Bank of Canada may be holding off on interest-rate hikes, but the
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Sweeping Changes To Housing Rules Will Affect Mortgage Qualifying

The federal government will be enacting sweeping changes to housing guidelines that will dramatically and immediately affect how and what consumers, especially first time buyers or those with insured mortgages, can qualify for. I’ve summarized the changes below and you can read
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No Ontario communities outside Toronto to have land transfer tax

TORONTO — The Canadian Press Published Tuesday, Dec. 01, 2015 11:58AM EST Last updated Tuesday, Dec. 01, 2015 12:01PM EST The 444 municipalities across Ontario will not be given the same power as the city of Toronto to impose a land transfer tax. Municipal Affairs Minister Ted McMeeki
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Impact of Limits to CMHC MBS

Most Canadian mortgage lenders fund some portion of their mortgage lending using CMHC’s National Housing Act Mortgage Backed Securities (NHA MBS). That is, cash flows from mortgages are aggregated into investment securities and then sold to investors through a process called securitiz
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The alarming decline of housing affordability Add to …

ROB CARRICK The Globe and Mail Published Monday, Jun. 17 2013, 7:30 PM EDT The question of whether Canada’s housing market is a bubble or not hinges on how affordable it is to buy a home. Gulp. Rising home prices and mortgage rates suggest trouble ahead, but that’s only half the probl
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Canada’s impending housing collapse not in sight

Gordon Isfeld | 13/06/17 | Last Updated: 13/06/17 4:51 PM ET OTTAWA — Not so fast. The purported collapse of Canada’s housing market does not appear to be in sight, and any correction down the road could likely be a mild one. ‘Sorry to inform you, but Canada’s Great Real E
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Overbuilt condo market puts Canadian economy at risk: BoC

Julian Beltrame, Canadian Press | 13/06/13 | Last Updated: 13/06/13 11:45 AM ET More from Canadian Press   OTTAWA — An overbuilt and overpriced condominium market is posing a risk to Canadian households, banks and the economy in general, the Bank of Canada warned Thursday in its
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Penalty Calculations—The Missing Pieces

When a Certified Financial Planner (CFP) can’t figure out how to calculate his mortgage penalty, it’s got to bereally tough for Joe Borrower. Globe & Mail columnist Ted Rechtshaffen, a CFP, recently wroteabout this very topic. He says: “My mortgage breakage cost truly is a mystery
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