The Canadian housing market has begun to correct itself, or at least that’s what the numbers show. A combination of market fatigue, stricter mortgage rules and a decrease in property affordability are believed to be contributing to the long anticipated correction. Home sales fell 5.8 percent in August from July. Sales are down 8.9 percent year over year. With that … Read More
Questions to Help You Avoid Mortgage Penalties
Thinking about opting out of your fixed rate mortgage in order to take advantage of ultra low variable rates? Be careful! Interest rate differential (IRD) charges – commonly referred to as mortgage penalties – could leave a large dent in your wallet if you’re not careful. Unfortunately, banks have historically made it nearly impossible to figure out just how expensive … Read More
What To Do When Housing Prices Fall
It appears as though the seemingly infinite rise of Canadian housing prices has finally come to an end. After years of marvelling at record breaking list prices and historically low mortgage rates, the tides have finally shifted. Phrases like “cooling market” and “slow sales” are gracing national headlines, causing buyers and sellers alike to contemplate the repercussions. If we’re to … Read More
Mortgage Broker Job Opportunity with FamilyLending.ca
Mortgage Broker/Agent FamilyLending.ca Inc. is looking for experienced Mortgage Brokers / Agents to join this technical savvy company. Mortgage Leads will be available upon proven performance. Pay structure is based on earned commissions.
New Barriers for First-time Home Buyers
It’s no secret that the residential real estate market relies on a steady stream of first-time home buyers. A constant and consistent demand from young buyers is what keeps housing prices from declining. Unfortunately, new mortgage rules are making it harder for cash-strapped buyers to qualify for current real estate prices. In a logical economy, housing prices would have to … Read More