9/26/2024 | Posted in Home Owners by Marti Philp
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Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. ... More
9/22/2024 | Posted in Mortgages and Real Estate by Marti Philp
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As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost? ... More
9/5/2024 | Posted in Mortgage Interest Rates by Marti Philp
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Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before ... More
5/30/2024 | Posted in Home Owners by Marti Philp
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A recent study on Statistics Canada data shines light on trend ... More
11/9/2023 | Posted in Mortgages and Real Estate by Marti Philp
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More
11/1/2023 | Posted in Canadian Economy and Interest Rates by Marti Philp
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Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... More
10/31/2023 | Posted in Mortgages and Real Estate by Marti Philp
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Canadian homeowners are facing a significant payment shock on their mortgages unless interest rates decline in the coming years, according to a new Royal Bank of Canada (RBC) ... More
10/18/2023 | Posted in Home Owners by Marti Philp
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Police forces and legal experts in Ontario are pushing for the provincial government to make legislative changes that would reduce elaborate fraud scams targeting homeowners. ... More
10/2/2023 | Posted in Home Owners by Marti Philp
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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More
9/14/2023 | Posted in Mortgages and Real Estate by Marti Philp
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Canadian mortgage borrowers continued to see their interest costs climb in the second quarter, which have now soared over 80% since the Bank of Canada started raising interest ... More
3/27/2020 | Posted in Home Owners by Marti Philp
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It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More
6/5/2019 | Posted in Home Owners by Marti Philp
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Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More
4/30/2019 | Posted in Home Sellers by Marti Philp
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Homeowners wanting to maximize the appraisal value of their home should think about outside space. ... More
3/6/2019 | Posted in Canadian Housing Market by Marti Philp
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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ... More
3/3/2019 | Posted in Canadian Housing Market by Marti Philp
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The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More
11/6/2018 | Posted in Mortgages and Real Estate by Marti Philp
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More
7/27/2018 | Posted in Home Owners by Marti Philp
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Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure. ... More
7/18/2018 | Posted in Mortgages and Real Estate by Marti Philp
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A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More
6/1/2018 | Posted in Home Owners by Marti Philp
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Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear. ... More
5/9/2018 | Posted in Canadian Housing Market by Marti Philp
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Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More
1/19/2018 | Posted in Mortgages and Real Estate by Marti Philp
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The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More
12/21/2017 | Posted in Foreign Buyers by Marti Philp
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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More
12/8/2017 | Posted in Financial Health by Marti Philp
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Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More
11/24/2017 | Posted in Mortgages and Real Estate by Marti Philp
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More than half of Canadians say they have good knowledge of debt management, yet many Canadians who hold a mortgage don’t believe they’re in debt at all. ... More
9/27/2017 | Posted in Ontario News by Marti Philp
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A large share of homeowners in Ontario are counting on home values increasing to ensure they have sufficient retirement funds. ... More
8/25/2017 | Posted in Mortgages and Real Estate by Marti Philp
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“Hey Siri, what’s the best mortgage rate?” ... More
8/25/2017 | Posted in GTA Real Estate by Marti Philp
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The basic lesson: A property is worth what a buyer is willing to pay ... More
8/9/2017 | Posted in Mortgage News by Marti Philp
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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ... More
8/6/2017 | Posted in Home Owners by Marti Philp
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A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada. ... More
6/22/2017 | Posted in Mortgages and Real Estate by Marti Philp
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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in ... More
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