Mortgage deferrals at Canada’s big banks pile up, association says
Banks have fielded half a million requests for mortgage deferrals The Canadian Bankers Association says the country’s six largest banks have allowed customers to defer…
First-time homebuyers hoping for financial help from family and friends: BMO
At least one in 10 is hoping for a gift of $100,000 or more First-time homebuyers across Canada are seeing home ownership as less elusive…
FSCO Warns About Unlicensed Mortgage Broker
The alert follows allegations of possible mortgage fraud Amid possible allegations of fraud, Ontario regulators are warning about an unlicensed mortgage brokerage. The Financial Services…
Canadians Keep Using Their Homes as ATMs Even As Market Swoons
Canadians are ramping up borrowing against their homes even as the real estate market slumps, exposing the country’s financial system to vulnerabilities, rating company DBRS…
The Canadian Real Estate Industry Is Pressuring Ottawa To Get You Further Into Debt
Canada’s real estate industry must be getting worried that the slowdown is going to hurt its bottom line. In the past few weeks, we have…
Put House Values Into Perspective
As real estate prices rise, clients should not be counting on these assets to fund their retirement THE CANADIAN HOUSING MARKET has been strong in recent…
A Rising Rate Guide to Mortgages, HELOCs, GICs, Savings & More
The era of fantastically low interest rates ended Wednesday. The Bank of Canada increased its influential overnight rate by just 0.25 per cent, but the…
No Fixed Address: New Tool to Help Make Toughest Financial Decision — Rent or Buy?
No Fixed Address: New Tool to Help Make Toughest Financial Decision — Rent or Buy? Rent versus Buy calculator will give users insight into what…