Loophole May Make Credit Unions the Better Mortgage Option

EditorAbout Mortgage Brokers, Commercial Mortgages, Financial Tips, General Interest, Mortgage News, Mortgage Term

New mortgage guidelines aimed at Canada’s sizzling real estate market might not be as ironclad as Finance Minister Mark Carney may have hoped. That’s because credit unions, which are provincially regulated, are not under the jurisdiction of the Office of the Superintendent of Financial Institutions (OSFI). This loophole may provide community credit unions with an important competitive advantage and borrowers … Read More

Why You Should Buy Commercial Real Estate Now

EditorAbout Mortgage Brokers, Commercial Mortgages, Financial Tips, General Interest, Investment Property, Mortgage Types

Tired of paying high leasing rates at your current commercial location? Well, what if you knew you could save more in the long term if you opted to buy a building for your business today? Low interest rates, low vacancy rates and a tight supply are creating the perfect purchasing situation for entrepreneurs across the country. According to Steve Murphy, … Read More

Housing Prices Now and Then – Are Things Really That Bad?

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, FamilyLending.ca, Financial Tips, General Interest, Housing Costs, Mortgage Down Payment, Mortgage Insurance, Mortgage News, Mortgage Term

If you believe the headlines, housing prices are on the rise across Canada even as consumer debt continues to pile up. The allure of low mortgage rates has thousands of home hunters bidding on what appear to be overpriced properties. But is that really the case? When it comes to understanding the true price of a home, there’s one main … Read More

Planning to Retire With a Mortgage? You’re Not Alone

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, Credit Rating, FamilyLending.ca, Financial Tips, General Interest, Household Budget, Mortgage News, Mortgage Term, MortgageCanadaCalculator, Real Estate Advice

Canadian’s won’t be retiring their mortgage debt anytime soon, according to a recent survey by the Bank of Montreal. Data shows that more than half (51%) of Canadian homeowners plan to carry their mortgage into their retirement. But there’s more to this figure than meets the eye, says Phil Soper, chief executive of Royal LePage Real Estate Services. Soper argues that … Read More