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Facing Foreclosure ( part 2 )

Hypothéque Montreal | December 14th 2009 by Alex Vitti

Few of the low-income borrowers who were targeted by alternative lenders gave much thought to where their mortgage money was coming from. "The way we understood it, as long as our mortgage was paid, they would just renew it. The joke was on me," said read more

How Brokers Get Good Canada Mortgage Rates?

Home Tips Articles Blog | December 10th 2009 by kon5518

Low canada mortgage rates and get more articles on getting the best mortgages. “>Do you want to buy a house in Canada? Have you started shopping around for a mortgage? Have you checked the going rates? Dont know yet how to get the best rate? read more

Bank Of Canada Rate Decision

Montreal mortgage blog | December 7th 2009 by Alex Vitti

On Monday, Statistics Canada reports on building permits for October. A month-over-month increase of 1% is expected.On Tuesday, the Bank of Canada makes its interest rate announcement. Economists expect the target for the key overnight rate to remain read more

Have You Been Trying To Get A Canada Mortgage?

Business Builder Plan Blog | November 30th 2009 by kon5518

Are you shopping for Canada mortgage? Discover basic information you need to provide a lender. You will need proof of income. If you have a low credit score, you can improve it. Brokers will review your Total Debt Service Ratio. Learn more about a C read more

Have You Been Trying To Get A Canada Mortgage?

Economic World Today Blog | November 30th 2009 by kon5518

How To Invest in Revenue Properties Without a Penny of Your Own M…

Edmonton Real Estate Investor | October 25th 2009 by Danielle Millar

Unique opportunity exists to own and invest in cash-flow producing income properties without putting up any money for the down payment.Canadians with good credit and steady jobs are now in the driver's seat when it comes to investing in Edmonton, Alb read more

Seven Tips You Need to Know About Mortgage Default Insurance

BankNerd.ca | September 16th 2009 by Matt Goulart

Many of my first time home buyers and as well real estate agents that have recently started in the field, have asked this excellent question. What is a CMHC insurance premium, how does it benefit the consumers and how much does it cost?! 1. LetR read more

St. John’s Area August Housing Starts – Press Release from CM…

St. John's Real Estate Blog - Stephen Winters | September 10th 2009 by Stephen Winters

Urban housing starts decreased during the month of August, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). August’s housing starts totaled 151 throughout the St. John’s real estate area versus 249 s read more

Mortgage Rates Falling

Mortgage Montreal | September 9th 2009 by Alex Vitti

Canadian banks are chopping their mortgage rates across the board by up to a third of a percentage point as the cost of borrowing in the bond market falls.Royal Bank and BMO announced their cuts late Friday, while TD Canada Trust followed with its ow read more

Housing Activity

Hypothéque Montreal | September 7th 2009 by Alex Vitti

Canada's national housing agency predicts home construction to make a comeback in the second half of this year and into 2010, however economists say it could be a long time before we see the same building frenzy that has dominated this decade. Canada read more

Bank Of Canada Unlikely To Raise Rates

Hypothéque Montreal | August 25th 2009 by Alex Vitti

The Bank of Canada is unlikely to hike interest rates until 2011 because the lingering effects of the global economic meltdown will continue to mute both growth and inflation, according to a report issued Tuesday by CIBC World Markets."While the 2009 read more

Sandy Hutchens looks at the fall in housing starts

SandyHutchens.ca | August 13th 2009

Housing starts in British Columbia fell by 10 per cent in July from the previous month, Canada Mortgage and Housing Corporation said yesterday. But that trend is expected to reverse for the rest of the year, as demand picks up and some buyers rush to read more

Housing Market At July

Mortgage Montreal | August 11th 2009 by Alex Vitti

Canadian housing starts fell unexpectedly in July, dropping 4.1 percent from June and breaking a two-month run of gains, largely because of a drop in construction of multifamily dwellings.Canada Mortgage and Housing Corp said on Tuesday that starts f read more

Housing Starts Decrease in July

Canadian Funding Corp and Moishe Alexander Review CMHC Repor… | August 11th 2009 by Moishe Alexander

Posted by Moishe Alexander OTTAWA, August 11, 2009 — The seasonally adjusted annual rate of housing starts decreased to 132,100 units in July from 137,800 units in June, according to Canada Mortgage and Housing Corporation (CMHC). “The slight dec read more

Canada's Highest Net Worth City

Hypothéque Montreal | July 21st 2009 by Alex Vitti

Vancouver has stolen Calgary's crown as the city with the highest net worth.In a soon-to-be-published database that looks at how Canadians handled their wealth during the rapid change of fortunes that marred 2008, Analytics exposes profound changes i read more

New housing market to improve by 2010

Moishe Alexander and Canadian Funding Corporation Review CMH… | July 16th 2009 by Moishe Alexander

Penticton area housing starts for the first half of the year totalled 34, which is down from 104 for the same period one year ago, according to Canada Mortgage and Housing Corporation. Both the detached home and multi-family sectors recorded fewer ho read more

Housing starts show small gain

Montreal mortgage blog | July 14th 2009 by Alex Vitti

The pace of single-detached homes started in the Edmonton region picked up by 10 per cent in June over last year, said the Canada Mortgage and Housing Corp. Thursday.Foundations were poured for 268 single-detached starts, up from 244 started in the s read more

Mortgage penalties

Montreal mortgage blog | June 7th 2009 by Alex Vitti

Sarah Cervinka and her sister bought a condo in late 2007 and took out a five-year mortgage with President's Choice Financial.At the time, they were told they would pay three months' interest – about $5,000, in their case – as a penalty to get ou read more

Banks boost mortgage rates

Montreal mortgage blog | June 3rd 2009 by Alex Vitti

Canada's biggest banks are hiking key mortgage rates at a time when the bond market is worried about risk and the longer-term threat of inflation.Royal Bank of Canada, Bank of Montreal, Toronto-Dominion Bank, Bank of Nova Scotia and Canadian Imperial read more

Inflation falls to lowest rate in 14 years

Montreal mortgage blog | May 25th 2009 by Alex Vitti

Canada's annual rate of inflation fell more than expected to the lowest level in 14 years in April as the economic downturn continued to push consumer prices lower.Statistics Canada said Wednesday its consumer price index declined to 0.4% during the read more

2009 - Housing starts likely to fall

Montreal mortgage blog | May 19th 2009 by Alex Vitti

Canadian housing starts are expected to continue to decline in 2009 as a result of the economic recession before rebounding in 2010, Canada Mortgage and Housing Corp said in a forecast on Tuesday.The government agency sees housing starts declining th read more

ING Canada could be spun off or sold

Montreal mortgage blog | May 4th 2009 by Alex Vitti

ING Bank of Canada could be spun off or sold as its European parent seeks to raise cash after being bailed out by the Dutch government, according to people familiar with the matter.The strategic options are being explored as the parent group seeks to read more

Extending Mortgages

Montreal mortgage blog | March 19th 2009 by Alex Vitti

A Toronto-based company built on extending mortgages to people who don't qualify for a bank loan, but without the disastrous results experienced in the United States, is increasingly being viewed as a takeover target. Home Capital Group Inc., whose read more

Canada’s proactive approach to financial stability will limit r…

Montreal mortgage blog | March 13th 2009 by Alex Vitti

The International Monetary Fund says that strong regulation helped Canada’s financial system hold up well amid the global financial crisis, but it still wants to see securities regulation rationalized.In its latest report on Canada, the IMF says th read more

Home Construction Will Continue To Drop

Montreal mortgage blog | March 11th 2009 by Alex Vitti

Home foundations poured in Calgary slowed to a mere trickle last month, says data released yesterday by the Canada Mortgage and Housing Corporation. Housing starts in the Calgary census metropolitan area, including single- and multiple-family homes, read more

How did we miss the economy's warning signs

Montreal mortgage blog | February 24th 2009 by Alex Vitti

Early last year, the Bank of Canada forecast the country's economy would grow by 2.8 per cent in 2009; predictions that $200 (U.S.)-a-barrel oil was in view seemed plausible; and subprime mortgage losses in the U.S. were widely expected to cause litt read more

Housing starts fall 11% in January

Montreal mortgage blog | February 16th 2009 by Alex Vitti

Housing starts declined last month in Canada as falling sales for existing homes weakened demand for new construction, Canada Mortgage and Housing Corporation said Monday.Construction began on 153,500 units in January, on a seasonally adjusted annual read more