We’ve been advising our clients to take a variable rate mortgage essentially since the 2007 downturn. Today our message is the same.
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We’ve been advising our clients to take a variable rate mortgage essentially since the 2007 downturn. Today our message is the same.
There are new mortgage rules that you probably have not heard about yet.
This week the Minister of Finance announced some changes explicitly designed to slow the Canadian housing market.
On Friday, October 20th, 2016 TD Economics issued a special report on the new mortgage rules and what they mean for our housing market.
On Friday, October 21st, 2016 The Globe and Mail posted an article on the Liberals’ new plan for a deductible for mortgage insurance premiums.
The keys to home ownership in Canada are now harder to reach than ever. Meanwhile, the keys to the Canadian Mortgage Market have just been handed to the Big 6 Canadian Banks. Continue reading →
A major trend in the world economy is for Central Banks to favour reducing interest rates to negative levels in an attempt to spurn financial growth. Currently, economies that account for about 25% of global economic output are governed by negative rates and this is trending higher. It’s OK to be excited about lower mortgage rates, but you should also be concerned about our increased dependency at the macro level to rely on such low rates.
Economists predict 50% chance Bank of Canada will Drop Rates in 2016.
If a Fixed Rate Mortgage is insurance against a growing economy, do you really need to buy it right now?
On Monday February 22, 2016 CBC News posted an article about the Liberal government forecasting greater than expected deficits for the next two years. Continue reading →
The market believes there is a 50% chance the Bank of Canada will decrease the overnight rate this week. This will send our weak Canadian Dollar even lower, and might not be in Canadians’ best interest.
