It’s been a couple of COVID years, but the Bank of Canada has started to increase interest rates after nearly two years of historic lows. Many people are now encountering difficulties as a result of this decision, from regular Canadians to financial professionals who are finding the changes very much challenging.
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Bank Of Canada Interest Rate Increases: Top Five Things Every Borrower Should Know
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Seven Reasons To Use A Private Lender For Purchases And Refinances
With the changes in lending rules, the need for private lenders is increasing exponentially. With many of them now offering lower rates and unique financing programs, homeowners and investors are increasingly tapping into these solutions as part of causing and creating their future wealth. To get you a mortgage product that works for you and your unique requirements, Keith Uthe Demystifying Mortgages has written down seven reasons to use a private lender for purchases and refinances.
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The Smith Maneuver: The Loophole Canadian Real Estate Owners Use To Lower Taxes
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: Stephen Punwasi
Original Article Posted on: Dec 27, 2021
Link to Original Article: https://betterdwelling.com/the-smith-maneuver-the-loophole-canadian-real-estate-owners-use-to-lower-taxes
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Calgary real estate poised for more growth as economy recovers
Original Article Source Credits: Calgary Herald , https://calgaryherald.com/
Article Written By: Joel Schlesinger
Original Article Posted on: May 20, 2021
Link to Original Article: https://calgaryherald.com/life/homes/new-homes/calgary-real-estate-poised-for-more-growth-as-economy-recovers
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What to do if You Have a Zero Credit Score?
Original Article Source Credits: Loans Canada , https://loanscanada.ca/
Article Written By: MARK GREGORSKI
Original Article Posted on: NA
Link to Original Article: https://loanscanada.ca/credit/what-to-do-if-you-have-a-zero-credit-score/
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5 Canadian Housing Market Predictions for 2021
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: December 28, 2020
Link to Original Article: https://torontostoreys.com/housing-market-predictions-zoocasa-2021/
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How Canada’s Mortgage Lenders Adapted to the ‘New Normal’
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: December 11, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/12/how-canadas-mortgage-lenders-adapted-to-the-new-normal/
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5 Mortgage and Housing Market Predictions for 2021
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: December 15, 2020
Link to Original Article: https://torontostoreys.com/mortgage-housing-predictions-2021-ratehub/
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The only thing Canadians are optimistic about right now is the housing market
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Shelly Hagan
Original Article Posted on: Nov 02, 2020
Link to Original Article: https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market
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Real Estate Investors Skip Paying Loans While Raising Billions
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: John Gittelsohn
Original Article Posted on: August 24, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/real-estate-investors-skip-paying-110000020.html
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Bank of Canada Hints at No Interest Rate Hikes Until 2023
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : July 16, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/07/bank-of-canada-hints-at-no-interest-rate-hikes-until-2023/
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Bank of Canada Lowers Benchmark Qualifying Rate to 4.79%
For the second time since the beginning of the pandemic, the Bank of Canada has lowered the benchmark qualifying rate a further .15% to 4.79%. For a buyer with an annual income of $80,000 that is approximately $6,300 of additional mortgage space compared to the previous qualifying rate of 4.94% and approximately $11,000 more than the qualifying rate of 5.04% that was in place at the beginning of the pandemic.
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Overview of Q1 2020 National Mortgage and Credit Trends
Original Article Source Credits: Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/
Article Written By : NA
Original Article Posted on : July 15, 2020
Link to Original Article: https://www.cmhc-schl.gc.ca/en/housing-observer-online/2020-housing-observer/overview-q12020-national-mortgage-credit-trends
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How the Government Has Saved the Economy from COVID-19…So Far
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : July 23, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/07/how-the-government-has-saved-the-economy-from-covid-19-so-far/
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Design your Financial Life with a Certified Financial Life Professional
As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor.
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How to Prepare for a Mortgage in 7 Quick Steps
Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.
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Bank of Canada expected to hold overnight target rate
Original Article Source Credits: The chronicle herald , https://www.thechronicleherald.ca/
Article Written By : Myke Thomas
Original Article Posted on : Jun 19
Link to Original Article: https://www.thechronicleherald.ca/lifestyles/homes/bank-of-canada-expected-to-hold-overnight-target-rate-464282/
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Home Sales & Prices Wont Fully Recover Until 2022, Says CMHC
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : June 24, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/06/home-sales-prices-wont-fully-recover-2022-says-cmhc/
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Mortgage Rates Keep Setting New Record Lows
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : June 30, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/06/mortgage-rates-keep-setting-new-record-lows/
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How The New Mortgage Qualification Rules Could Soon Affect HomeBuyers
In response to the COVID-19 pandemic and in an attempt to protect the economic future of Canadians, the Canadian Mortgage and Housing Corporation (CMHC) announced in early June that it would be tightening its qualification rules for mortgage insurance from July 1, 2020. Fortunately, they are two other mortgage insurers: Genworth and Canada Guarantee and neither of them are changing their qualification rules.