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View this RSS Feed2021-07-05 | 18:49:31
High prices trump stress test
Market watchers are keeping a close eye on the challenges facing first-time buyers like Millennials and Gen-Xers, but Boomers are still a significant influence.Much of the concern about first-time buyers centres on the tougher mortgage stress test...
2021-03-14 | 10:21:47
Canadian Households Add $110 Billion To Mortgage Debt In 2020
The pandemic didn’t slow Canadians from borrowing more to buy real estate. In fact, mortgage data may be showing the exact opposite. Statistics Canada (StatCan) data shows residential mortgage credit hit a record in 2020. Typically during a...
2020-12-21 | 09:23:04
Canadians continue to prioritize mortgage payments despite crisis
This year was one of change for the labour market, as COVID-19 caused a dramatic rise in global unemployment, with 2.7 billion workers affected by lockdowns world-wide. With millions of Canadians out of work, many economists were worried that...
2020-11-12 | 08:20:54
More consumers checking credit report amid pandemic, survey finds
According to a new report out by Equifax Canada, it found COVID-19 has resulted in people taking a closer look at their financial situation, resulting in an increased understanding about their relationship with credit. In fact, in the last 12 months,...
2020-08-02 | 17:39:22
What to Know BEFORE You Start House-Hunting
As exciting as it is to start your journey towards home ownership (or even up- and down-sizing), there are a few things you should consider first.Most importantly, you need to determine your purchase range. Having the proper budget for your future...
2020-07-01 | 17:28:38
What the Changes to CMHC’s Mortgage Requirements Mean for our Homebuyers – Effective July 1st, 2020
The Canadian Mortgage Housing Corporation (CMHC), announced that it would be making changes to its lending conditions for uninsured residential mortgages in the coming weeks.Effective July 1, 2020, the following changes will apply to new applications...
