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 »
Category: mortgage information
News and commentary on mortgages and real estate related matters.
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 »
I came across an article on the Financial Post today that addressed the costs of buying and selling real estate, and how it can minimize what looks like substantial profits on a real estate transaction. From the article: Add it up, using the 7% figure for the first three sales and 9% for the last… Read more »
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.
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 »