Outlook Shaky As Consumer Debt Expected to Rise

EditorAgricultural Mortgages, Commercial Mortgages, Credit Rating, General Interest, Household Budget, Housing Costs, Mortgage News

While the Canadian economy appears to be weathering the economic storm with surprising ease, Canadian consumers are beginning to show signs of distress. Just last week, Statistics Canada announced a net worth drop of $4,600 per household in the third quarter. Meanwhile, Canadians continue to borrow and buy on credit. Household debt per capita is up by $600 from the … Read More

CAAMP Report Finds Canadian Consumers Believe They Have Too Much Debt

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, First Time Home Owner, General Interest, Mortgage News, Mortgage Term, Mortgage Types, Refinancing my Property, Residential Mortgages

The seventh annual State of the Residential Mortgage Market┬áreport, conducted by CAAMP (the Canadian Association of Accredited Mortgage Professionals) has found that consumers are worried about debt. The report, which included survey data from 2,000 Canadians (half of which were homeowners), asked participants to what extent they agree with various statements based on a 10-point scale: a response of 10 … Read More

Re/Max Report Predicts Robust 2012 Canadian Housing Market

EditorAgricultural Mortgages, Commercial Mortgages, FamilyLending.ca, First Time Home Owner, General Interest, Housing Costs, Investment Property, Mortgage News, Real Estate Advice, Residential Mortgages

The Canadian housing market showed exceptional resilience in 2011, according to Re/Max’s annual housing marketing outlook. Published early last week, the report states that an estimated 460,000 homes are expected to be sold this year, a significant increase over last year’s 44,010 properties. Re/Max credits low interest rates for the housing market’s success, along with tight inventory levels and increased … Read More

No Rate Change from the Bank of Canada

familylendingAgricultural Mortgages, Commercial Mortgages, Financial Tips, General Interest, Housing Costs, Mortgage News, Real Estate Advice

The Bank of Canada has opted to freeze rates for the 11th consecutive time, maintaining the 1.0% interest rate this morning. The stay is consistent with Governor Mark Carney’s statements from October that forecasted no changes for the foreseeable future. The current Chairman of the Financial Stability Board insists that the Bank will remain flexible, in light of world and … Read More

Agricultural Mortgage Rates and Information

familylendingAgricultural Mortgages, FamilyLending.ca, Financial Tips

Although agricultural mortgage rates are similar to consumer’s home mortgages, they can be a lot more flexible when it comes to payment options, tenure period, and also the transferability of financial debt. If you happen to have acquired a farm, or maybe are currently contemplating getting yourself into the farm industry, now is a good time to make contact with … Read More