07. 03. 2017

Buy Now or Later : A Few Scenarios

In a sign of declining consumer confidence, today clients meeting with me asked for financial scenarios should they buy a property while we are at the top of the real estate cycle. The...

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31. 08. 2014

England: New Mortgage Rules Create Farcical Situations

Former Bank of Canada Governor Mark Carney started a similar position at the Bank of England in July 2013 with hopes he could bring the same kind of stability he provided to Canada, to...

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23. 03. 2014

U.S. Consumers Paying Down Mortgages Before Credit Card Debt

A survey of consumers in the United States has found that priorities in repaying their debt has switched from credit cards to their home mortgage. This unusual situation is actually the norm under periods...

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03. 01. 2014

U.S. Mortgage Lending Practices Formalized

Lenders in the United States have already begun using stricter guidelines to issue mortgages than they had been before the 2007 troubles of the housing industry became international news.  Now, the 2010 Dodd–Frank...

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19. 09. 2013

Bank of Canada Governor Stephen Poloz Cheers Canada Onward and Upward

The Bank of Canada Governor Stephen Poloz gave a speech Wednesday at Vancouver’s Board of Trade. He told the audience about the ways that the Canadian economy was primed ready to return to growth....

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09. 09. 2013

Rule Change Opens U.S. Housing Market to Previous Short-sale Losers

U.S. credit bureaus historically have identified a person who short-sold their home as the same type of transaction as if the home had been foreclosed upon. A short-sale is when a home has...

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06. 09. 2013

Where are Interest Rates Headed?

On Wednesday, the Bank of Canada released its target statement for the benchmark overnight interest rate. While it said they would continue to maintain it at 1%, the tone of the statement seemed to...

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07. 08. 2013

CMHC Caps Mortgage Guarantees

I will hand it to the government of Canada, they know how to time the release of bad news. Last year at this time while the real estate market was hot and prices...

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02. 05. 2013

Stephen Poloz Great Choice For Next Governor of the Bank of Canada

The Bank of Canada is the nation’s central bank that sets policy such as the key overnight interest rate to control Canada’s inflation, which in turn effects the mortgage rates of consumers and the...

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29. 03. 2013

Valuable Fraud Prevention Tips for Homebuyers and Homeowners: Part 2

March is Fraud Prevention Month. Canada Mortgage and Housing Corporation (CMHC) has consistently been a leader in the fight against mortgage fraud and offers the following tips to protect yourself against becoming a...

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