Expect rapid post-pandemic recovery – BoC’s Poloz

Robb NelsonMortgage Talk Canada

by Ephraim Vecina Despite multiple headwinds and the continuous ravages of COVID-19, Canadian market activity and purchasing power will be able to recover quickly after the outbreak eases, according to outgoing Bank of Canada Governor Stephen Poloz. “We have to be able to manage the risks around those things, so I’m not going to dismiss [the worst scenarios],” Poloz told BNN … Read More

COVID-19 may be the catalyst — not the cause — of a painful but useful economic transformation: Don Pittis

Robb NelsonMortgage Talk Canada

Retailers go broke, property and oil fall but maybe the economic pain will speed beneficial changes By: Don Pittis As people are thrown out of work, as businesses fail and as the oil and housing sectors weaken, there is a branch of economics that insists it all may have a silver lining. Just last week the retailer Pier 1, familiar to … Read More

COVID-19 may be the catalyst — not the cause — of a painful but useful economic transformation: Don Pittis

Robb NelsonMortgage Talk Canada

Retailers go broke, property and oil fall but maybe the economic pain will speed beneficial changes By: Don Pitts As people are thrown out of work, as businesses fail and as the oil and housing sectors weaken, there is a branch of economics that insists it all may have a silver lining. Just last week the retailer Pier 1, familiar to … Read More

Canadian home buyers still plan to purchase in 2020, despite COVID-19 crisis

Robb NelsonMortgage Talk Canada

By: Nicole Sullivan Despite sudden drops in housing market sales activity in the last two months, almost two-thirds (60 per cent) of buyers still consider 2020 a good year to purchase a home. A recent survey by Zolo shows that even with higher unemployment and uncertain business conditions, buyers still intend to buy a residential property either this year or over the … Read More

As it gets harder to secure a mortgage during the pandemic, a mortgage broker might be able to help you nail down a loan

Robb NelsonMortgage Talk Canada

By: Laura Grace Tarpley Everything you thought you knew about buying a home has probably flown out the window during the coronavirus pandemic. Yes, interest rates are at historic lows — but they’re also jumping up and down, making it hard to know whether you’re getting the best rate possible. Lenders are changing their criteria for borrowers to avoid lending to people … Read More