Here is a good article on the CBC website that talks about breaking your mortgage to refinance with a better interest rate. I would generally agree with the points made in the article, except that the last point regarding splitting up the mortgage into multiple components I would not necessarily agree with. One reason for… Read more »
Category: mortgage information
News and commentary on mortgages and real estate related matters.
There is a new article in the Globe and Mail regarding the newest mortgage regulation changes being implemented by OSFI. From the article: One of the most notable changes is that the regulator is now spelling out criteria banks must meet to verify the income of borrowers, especially those who are self-employed. OSFI has waded… Read more »
I find the title slightly misleading, but the article on CTV News talks about a steady new housing market in 2015 and a slightly decreased one in 2016. Some of those expected causes include: a slowdown in the pace of construction, the shrinking poll of young, first-time buyers due to slower population growth, rising housing… Read more »
There is a recent article in the Globe and Mail that discusses the ability of the Australian government to track their housing market statistics better than Canada’s government. From the article:
I came across an article on the Mortgage Broker News website today briefly covering the US housing market conditions. “Sales of new single-family homes in the US surged by 18.0 per cent to 504,000 annualized units in August 2014 to mark the highest level since May 2008,” a report from RBC Economics, published Wednesday, states…. Read more »