Home Ownership Becoming More Affordable, Reports Show

EditorFinancial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Mortgage News, Residential Mortgages

Housing affordability appears to be improving in Canada, according to RBC’s quarterly numbers released on Wednesday. RBC’s chief economist, Craig Wright, believes that continued low interest rates this year will help keep housing prices and costs reasonable in the near term. RBC’s report also showed that the financial burden of owning a home declined for the second straight quarter in … Read More

Harper Government Makes Moves to Protect Consumers

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Mortgage Down Payment, Mortgage News, Mortgage Term, Mortgage Types, Residential Mortgages

The Harper government announced Sunday that it would be moving forward with several measures to help Canadian consumers achieve greater control over their own finances. In a release posted to the Department of Finance Canada website, the Honourable Ted Menzies, Minster of State (Finances) and Shelly Glover,¬†Parliamentary¬†Secretary to the Minister of Finance, announced that measures would be taken to ban … Read More

How to Avoid Mortgage Fraud

EditorAgricultural Mortgages, Commercial Mortgages, FamilyLending.ca, General Interest, Mortgage News, Mortgage Term, Mortgage Types, Real Estate Advice, Residential Mortgages

Real estate fraud is happening at an alarming rate in Canada, according to a recent report published in the Vancouver Sun. The report from consumer credit company Equifax uncovered roughly $400 million worth of mortgage fraud in Canada last year. And many experts believe that’s just the tip of the iceberg. These figures represent only frauds that Equifax was able … Read More

Mortgage Changes Could Happen Before March

EditorAgricultural Mortgages, Commercial Mortgages, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Mortgage News, Residential Mortgages

Tougher mortgage requirements could be on the horizon for Canadian homeowners, according to analysts surveyed by a recent Reuters poll. This comes on the assumption that housing prices will cool off this year. Experts anticipate that housing prices will climb just 0.1% this year, a considerable decrease from the 0.9% year-to-year increase seen in 2011. Ten out of 14 economists … Read More