Category: mortgage information

News and commentary on mortgages and real estate related matters.

Housing starts down in August – CMHC

Housing starts dropped from July to August, according to CMHC. From CTV News: he annual pace of housing starts in Canada slowed in August to 192,368 units, down from 199,813 in July, according to the Canada Mortgage and Housing Corp. The pace fell short of the 195,000 units forecast by analysts. “The Bank of Canada… Read more »

Mortgage broker practices score well – MBRCC

The Mortgage Broker Regulators Council of Canada (MBRCC) which is an association made up of mortgage broker regulators across Canada, released a press release on their findings that mortgage brokers are doing a mostly good job in determining the right mortgage products to get for clients. From the release: The report indicates that most mortgage… Read more »

Jeff Evans joins the Mortgage Architects Broker Network

Vancouver, British Columbia Mortgage Architects is pleased to announce the recent addition of Jeff Evans and his Canada Innovative Financial Inc. team as Mortgage Architects’ newest Western Canada franchise in Vancouver, British Columbia. Jeff cites “industry leadership,” “vision” and “solution-based support” as key reasons for joining Mortgage Architects.

Mortgage rates improve housing affordability

There is an interesting article in the CBC about affordability of homes improving despite values increasing across Canada. From the article: Housing across Canada became more affordable in the second quarter of this year because mortgage rates dropped, according to a report from RBC. Even with prices moving higher, homes became more affordable in nearly… Read more »