Building Your New Home

Fraser GengeMortgage Talk Canada

Tips on Buying a New Home Home buying is an important personal decision and a big financial investment. You want to find the home that’s right for you and the builder who provides the best overall value and service. Home buyers and professional home builders agree there are a number of things you can do to make the buying process … Read More

Interest hikes needed, Bank of Canada says

Fraser GengeMortgage Talk Canada

By Kate Ayers Staff Writer Farms.com Current market conditions are not a sign of trouble, the Canadian central bank says. Long-term bond yields are rising, and equity markets are returning to a normal level of volatility. The booming American economy is strengthening the U.S. dollar, Stephen Poloz, Bank of Canada’s governor, said in a Reuters article yesterday. “These characteristics do not point to a … Read More

Higher interest rates, tougher mortgage rules drive surge in Toronto private lending

Fraser GengeMortgage Talk Canada

Bloomberg News October 31, 2018 Twenty per cent of refinancing for mortgage deals in the second quarter were funded by private lenders, a 67 per cent jump from the first quarter of 2016, according to a report Tuesday by Toronto brokerage Realosophy and property data provider Teranet. Purchasing homes and paying off mortgages are getting harder in Canada’s biggest city … Read More

3 predictions on what 2019 could have in store for the Canadian housing market

Fraser GengeMortgage Talk Canada

Sarah Niedoba livabl.com As fall draws to a close and the new year approaches, plenty of industry experts are making predictions about what 2019 will have in store for the Canadian housing market. This year saw housing activity take a major plunge, following the introduction of stricter mortgage qualification rules in January. While sales and prices have warmed up since … Read More

Bank of Canada reveals latest interest rate decision

Fraser GengeMortgage Talk Canada

The Canadian Press The Bank Canada raises its key interest rate target by a quarter of a percentage point. The central bank’s target for the overnight rate is now set at 1.75 per cent. The Bank of Canada is hiking its trend-setting interest rate as the resilient economy hums along and a big source of trade uncertainty is finally out … Read More