2013 Mortgages: A Canadian Market Overview [Infographic]

I came across this fantastic infographic and thought I would share it with you (with permission, of course). It looks specifically at the 2013 Canadian housing/mortgage market. Anything of those facts surprise you? Do you know where you fall in some of those stats? TimTim is a mortgage agent in Barrie who specializes in helping… Continue reading 2013 Mortgages: A Canadian Market Overview [Infographic]

Housing Market Calming & Condo Buying Report

Article courtesy of MCAP.   Market Calming, Not Crashing: BMO Bank of Montreal economics published a Special Report last week on the Canadian housing market which seems to provide ample evidence that markets really are in the process of achieving the much sought after “soft landing” after federal policy makers took steps to cool the market… Continue reading Housing Market Calming & Condo Buying Report

May 2013 Changes in the Canadian Mortgage Market

Last week, CAAMP released its spring consumer report, Change in the Canadian Mortgage Market. A copy of the full report is available to download here, but for those that don’t feel like reading that whole report, here are some of the significant stats from the report: Overall housing starts are projected to decline from 205,000 in 2011… Continue reading May 2013 Changes in the Canadian Mortgage Market

More Mortgage Changes Coming?

The OFSI (Office of the Superintendent of Financial Institutions – crazy-long name, eh?) is thinking about continuing to tighten the mortgage rules in this country. Last year the reduced the maximum amortization of insured mortgages from 30 to 25 years (which had previously been reduced from 40 to 35, then from 35 to 30). Now… Continue reading More Mortgage Changes Coming?

Mortgage Monday Rate Update – May 2013

For those that are shopping for a new house, or looking to do a refinance (or even just a simple mortgage renewal), rates and numbers are an important part of the mortgage equation. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here… Continue reading Mortgage Monday Rate Update – May 2013