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Category Archives: In the News
Slow and Sluggish
HIGHLIGHTS OF THE WEEK United States • The good news for U.S. equity markets continued for most of this week, but then saw a minor pullback on Friday. Despite positive industrial production figures and a neutral inflation report, stocks retreated … Continue reading
Finances: Getting It Right!
I love Suze Orman! Besides being a great speaker, I love that she shifted gears when it needed to get done. After the USA crisis, she changed her presentations and told Americans that they needed to get back to basics. … Continue reading
TD: Economic Perspective
Here is the latest TD Economic Perspective written by Craig Alexander. Craig Alexander is the Senior Vice President and Chief Economist in the TD Bank Group. This 2 page report outlines the potential risks we face this fall. If you have … Continue reading
New Rules and How they will Affect You!
On the surface the new rules don’t seem to be such a deal to some people, who are wondering what all the fuss is about. They still remember the days of the 25 year amortization and just feel we have … Continue reading
Posted in Bank of Canada, In the News, Mortgage Commentary
Tagged economy, home equity line, how changes affect you, mortgage qualifications, new mortgage rules, qualify for less, real-estate, refinance, struggling with down payment, vancouver lower mainland, variable rate mortgage, VRM HELOC
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Flaherty Announces Mortgage Rule Changes!
Flaherty announces changes for the mortgage borrowers with less than 20% down Recently, Finance Minister Jim Flaherty announced changes to mortgage lending criteria that will have a direct impact on those with less than 20% down. The government says they … Continue reading
Breaking News: Government Tightens Mortgage Rules!
Department of Finance to announce tightening on mortgage rules: 1. Reducing max. amortizations to 25 yrs on high-ratios insured mortgages 2. Eliminating lending on high-ratio mortgages over $1 million 3. Reducing LTV to 80 % from 85 % on refinances … Continue reading
Market Commentary – Big news regarding HELOCS!
The latest interest rate announcement and policy statement from the Bank of Canada make it pretty clear there’s unlikely to be any increase this year. While the economy appeared to be making all the right moves early in the first … Continue reading
Posted in Bank of Canada, In the News, Interest Rates, Mortgage Commentary
Tagged Bank of Canada, business, economy, equity line of Credit, greek problem, HELOC, home equity lines, household debt, housing bubble, mortgage loan to value, office of the superintendent of financial institutions, real-estate, superintendent of financial institutions
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Bank of Canada: Reading Between The Lines
I came across this interesting video from the Globe and Mail that gives a short and concise perspective on the “tone” and interpretation of the latest Bank of Canada rate announcement. It’s worth a look, especially if you are a … Continue reading
Mortgages, Dollars & Sense 
Market Commentary – Residential Market Update
The first full month since Ottawa tightened mortgage rules is in the books. While it’s still early on, the move appears to be having an effect. But is it the desired effect? The August numbers show a 6% drop in … Continue reading →