CAAMP Report Finds Canadian Consumers Believe They Have Too Much Debt

EditorAbout Mortgage Brokers, Agricultural Mortgages, Commercial Mortgages, First Time Home Owner, General Interest, Mortgage News, Mortgage Term, Mortgage Types, Refinancing my Property, Residential Mortgages

The seventh annual State of the Residential Mortgage Market report, conducted by CAAMP (the Canadian Association of Accredited Mortgage Professionals) has found that consumers are worried about debt. The report, which included survey data from 2,000 Canadians (half of which were homeowners), asked participants to what extent they agree with various statements based on a 10-point scale: a response of 10 … Read More

Re/Max Report Predicts Robust 2012 Canadian Housing Market

EditorAgricultural Mortgages, Commercial Mortgages, FamilyLending.ca, First Time Home Owner, General Interest, Housing Costs, Investment Property, Mortgage News, Real Estate Advice, Residential Mortgages

The Canadian housing market showed exceptional resilience in 2011, according to Re/Max’s annual housing marketing outlook. Published early last week, the report states that an estimated 460,000 homes are expected to be sold this year, a significant increase over last year’s 44,010 properties. Re/Max credits low interest rates for the housing market’s success, along with tight inventory levels and increased … Read More

Do You Know What a Property Disclosure Statement Is?

familylendingFirst Time Home Owner, General Interest, Investment Property, Real Estate Advice

It’s standard practice for home sellers to freshen up their property prior to listing it on the market. A fresh coat of paint, new floors, or new light fixtures increase the value and marketability of a home. But sometimes these seemingly honest updates are done with the intentions of covering something up. That’s why it’s crucial for homebuyers to always … Read More

No Rate Change from the Bank of Canada

familylendingAgricultural Mortgages, Commercial Mortgages, Financial Tips, General Interest, Housing Costs, Mortgage News, Real Estate Advice

The Bank of Canada has opted to freeze rates for the 11th consecutive time, maintaining the 1.0% interest rate this morning. The stay is consistent with Governor Mark Carney’s statements from October that forecasted no changes for the foreseeable future. The current Chairman of the Financial Stability Board insists that the Bank will remain flexible, in light of world and … Read More

How to Make Wealth-Building Real Estate Decisions

familylendingAbout Mortgage Brokers, Credit Rating, Financial Tips, First Time Home Owner, General Interest, Housing Costs, Investment Property, Real Estate Advice

It’s a sad but stark reality: when buying real estate, far too many Canadians fail to take the basic precautions or perform standard due diligence prior to submitting an offer. Instead of running the numbers, comparing mortgage rates, and consulting with a professional mortgage broker, home hunters are simply throwing caution to the wind and diving into the housing market … Read More