Coronavirus outbreak to exert downward pressure on Alberta housing
The coronavirus has been impacting the Alberta housing market, which was already struggling, and it’s likely to keep pushing the housing market down for a
May 19, 2020
TIPS AND GUIDES
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Recession’s on its way. How bad will it be?
A new market intelligence report compares the current downturn to that of previous large Canadian recessions to see how bad this recession will turn out
May 15, 2020
Canadian HELOC Growth Was Drying Up Before The Pandemic
Fewer Canadians are using HELOCs to afford their homes, which is a concerning sign. The rates are dropping due to the coronavirus pandemic right now,
May 13, 2020
Vancouver is seeing fewer home buyers from China
It has been noted that a lot of the Chinese home buyers has decreased quite a bit in Vancouver in recent months, mostly because of
May 11, 2020
Mortgage Penalties Suck
Mortgage penalties are so wildly different for the exact same rate, same term, and same mortgage balance…..why? The primary reason is – Because mortgage penalties
May 11, 2020
Immigration is slowing, but don’t count it out yet – RBC’s Hogue
Immigration has completely slowed down now that the borders are tightly closed. There are no rich foreigners coming in to purchase homes at this time,
May 9, 2020
Demand for reverse mortgages increasing under COVID-19
As the aging demographic in Canada increases, it has become much more apparent that the fruits of their labor are what is carrying the economy.
May 7, 2020
COVID-19 Fallout Spreads to Mortgage Refinances in Canada
Now that the fallout of the covid 19 virus is upon us, many mortgage companies are changing the way that they do business. There are
May 5, 2020
Employment In Canada’s Largest Cities Is Worse Than It Looks
The participation rate and the unemployment rate are related but are two different things. You can have a lot unemployment rate and it still be
May 3, 2020
One in 20 Homeowners Have Missed a Mortgage Payment Due to COVID-19
New data is suggesting that as many as 5% of homeowners are having to defer their mortgage payments because of the coronavirus pandemic. Of those,
May 1, 2020