Purchasing a new home is exciting and, of course, one of the biggest purchases you will ever make. And if you’re like most people who need to borrow money by taking out a mortgage, you will need to decide whether you should choose a fixed rate or a variable rate mortgage.
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The Truth About How Fixed Rates Are Determined
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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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Making A Difference In Your Future Wealth!
When it comes to making changes to the way people perceive mortgages and wealth, we work with many of them to avoid making mistakes that could cost and impact them for the rest of their lives. When it comes to getting a mortgage, you want to make sure the people you are working with understand who you are, what your wealth goals are, and what the most appropriate mortgage is for your situation. Many think using a mortgage broker costs them money when in fact, in most instances, it costs nothing with only some special situations, where paying a commission is required. When borrowers don’t work with a mortgage broker, what they end up discovering is that they have cost themselves more in the long run because they did not have someone who clearly understood their situation. That is someone with knowledge and information that could guide them to the best mortgage for their needs.
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Fixed Rate Versus Variable Rate - How to Decide?
Over the past twelve months, the COVID-19 pandemic has affected the Canadian economy significantly, which has had a knock-on effect on the mortgage industry.
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Canadian Real Estate Is Seeing Home Buyers Fall Faster Than Sellers
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Kaitlin Last
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-real-estate-is-seeing-home-buyers-fall-faster-than-sellers/
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Odds of a Bank of Canada Micro Rate Cut Diminish Following Rate Decision
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: January 21, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/01/odds-of-a-bank-of-canada-micro-rate-cut-diminish-following-rate-decision/
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Tight Market Conditions Keep Home Prices at Historic Highs
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on:
Link to Original Article: https://www.canadianmortgagetrends.com/2020/12/tight-market-conditions-keep-home-sales-and-prices-at-historical-highs/
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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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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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How Do Credit Score Ranges Work?
Original Article Source Credits: Credit Freedom , https://creditfreedom.ca
Article Written By: NA
Original Article Posted on: NA
Link to Original Article: https://creditfreedom.ca/blog/how-do-credit-score-ranges-work
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Canadian Mortgage Debt Passes 80% Of GDP For The First Time
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-mortgage-debt-passes-80-of-gdp-for-the-first-time/
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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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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/