Many of Those Turning To Private Lenders Are Notably Self Employed In Toronto, the amount of people turning towards private lenders is growing, fast. It’s important to note that among these people, many are self employed. This is often because those who are self employed struggle far more to prove their income. This is in...
Over the course of nearly a decade, the Canadian housing market rocketed upwards in terms of pricing. Although it may not have been intended, many claim the increase is due to the attempted rescuing of global capitalism as of 2008. Firefighting: The Financial Crisis and Its Lessons, a brand new book published by Ben Bernanke,...
Following a significant slowdown late February, the Canadian housing market’s annual has started up as of March. This information comes from a report released by the Canada Mortgage and Housing Corporation. According to CMHC, the Canadian housing market starts spiked upwards up to nearly 200,000 units, at 192,527. In February we saw 166,290. The increase...
According to the Toronto Real Estate Board, it takes 11 days longer to sell a home than what was previously thought and displayed. TREB’s 50,000 plus customers are to be provided with a complex, yet refined look at how the Toronto housing market is actually doing. This report was released by Jason Mercer, director of...
The Canadian economy is currently in a period of gloom, yet for most mortgage-holders, that gloom isn’t all that bad. As the debt yield on a five year bond drops, the cost of financing a loan drops as well. The yield has continuously dropped since 2018, and as of this Monday, it was holding at...
According to Craig Alexander, chief economist of Deloitte Canada, the Canadian economy isn’t receiving nearly as much support from the real estate market, as well as consumer spending as it once did. Craig Alexander’s new study attempts to warn readers that “a year of economic transition, both internationally and in Canada” is ever so present...
According to the Canadian Real Estate Association (CREA), the benchmark home price has declined significantly into February. It’s notable that the busy season for 2019 will have Canadian real estates markets shivering, as their price growth hits the negative region. A decline of this magnitude hasn’t been seen since 2009. Last month, the average home...
The Canadian government’s ‘shared equity mortgage’ plan is one that earmarks nearly $1.25 billion over a 3 year period. 2019’s federal budget is one that may be somewhat endearing for those looking to buy a house or their first home or any house at all for that matter. One specific pitch among the budget is...
In Ottawa, millennials are struggling to buy homes. Although the capital has decided on helping those in need, the Royal Bank of Canada (RBC), says there really isn’t any sort of “magic bullet”. The federal budget release is pending, leaving many on the edges of their seats, for the millennial housing crisis is in full...
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