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

Robb NelsonMortgage 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

Robb NelsonMortgage 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

Robb NelsonMortgage 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

What Is a Credit Score and What Can You Do About It?

Robb NelsonMortgage Talk Canada

To many people your credit score is this shadow that follows you around your entire financial life that you don’t understand. You know its there, you know it affects you, but you don’t want to look at it too hard until you must. This is understandable, no one makes you look at it and until you need it it’s very … Read More

A Look at Property Taxes In CK

Robb NelsonMortgage Talk Canada

There are very few issues that get as heated when discussed as property taxes. Everywhere from Facebook groups to coffee shops sees people getting up in arms about the amount of taxes that are paid on homes and businesses. Everyone has an opinion, but how exactly do our property taxes work? How are they calculated? Why do they go up? … Read More