Banks

Banks

Canadian Mortgage Rules

Changing regulations in Canada’s mortgage market Since 2008, the federal government has made several changes to the rules for mortgages insured through the Canada Mortgage and Housing Corporation (CMHC) and other private sector mortgage insurance providers. These rules affect home buyers with less than a 20 per cent down payment and these changes will impact [...]

By |2017-01-04T01:02:19+00:00October 31st, 2013|Mortgage Tips|0 Comments

Overbuild Condo Market

An overbuilt and overpriced condominium market is posing a risk to Canadian households, banks and the economy in general, the Bank of Canada warned Thursday in its latest review of the health of the country’s financial system. The central bank particularly singles out the Toronto condo market, which it notes continues to carry a high [...]

By |2017-01-04T01:02:26+00:00June 13th, 2013|Economy, Uncategorized|0 Comments

What’s the difference between a mortgage broker and a bank

Bank vs. Mortgage Broker In the past, prospective home buyers turned exclusively to their banks for their mortgage needs, but you now have more options at your disposal with the growing presence of mortgage brokers. Independent mortgage brokers are licensed mortgage specialists who have access to multiple lenders and mortgage rates. They essentially negotiate the [...]

By |2017-01-04T01:02:28+00:00May 23rd, 2012|Uncategorized|0 Comments