Why 4 websites give you 4 different credit scores — and none is the number most lenders actually see

Robb NelsonMortgage Talk Canada

By: Jenny Cowley, Jeannie Stiglic, Asha Tomlinson · CBC News Whether through ads or our own experiences dealing with banks and other lenders, Canadians are frequently reminded of the power of a single number, a credit score, in determining their financial options. That slightly mysterious number can determine whether you’re able to secure a loan and how much extra it will cost to pay … Read More

Ask An Agent: What Will Real Estate Sales Look Like In 3-5 Years?

Robb NelsonMortgage Talk Canada

by Aaron Broverman Andre Kutyan always has an ear to the ground. The Harvey Kalles sales representative has been an agent for 15 years. In 2017, Kutyan was contacted by the The Globe and Mail and asked how he was able to get multiple offers on a home in mid-town Toronto. This was after the introduction of the Ontario Fair Housing Plan, when he … Read More

Cannabis industry contributed to spike in home prices, housing shortages: survey

Robb NelsonMortgage Talk Canada

By: Jeremiah Rodriguez, CTVNews.ca Writer Canada’s booming cannabis industry has led to a spike in housing prices and home shortages in some regions, according to a new report from RE/MAX. For example, Smiths Falls, Ont. — home to Canopy Growth, which Bloomberg dubbed the largest cannabis producer in the world — now employs 1,300 people. An unintended consequence of that employment growth is a shortage of … Read More

More Canadians are concerned about their debt obligations

Robb NelsonMortgage Talk Canada

by Duffie Osental More Canadians are starting to feel the pressure of debt obligations such as mortgage payments. The latest MNP Consumer Debt Index revealed that over half (54%) of Canadians said that they are more concerned about their ability to repay their debts than they used to be – which isn’t very surprising given that the average Canadian, after paying … Read More