Is Now a Good Time to Buy?

If you’re getting tired of all the media headlines claiming impending housing market and economic doom and gloom, you’re not alone. It seems every time you browse the news another US economist is predicting terrible things for Canada. Articles like this one, claiming an ‘extreme bubble’ is just around the corner… note, not just a bubble… but an […]

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More Oversight for Mortgages in Canada?

Although no firm changes have been announced regarding regulations for mortgages in Canada, it looks like this might be the beginning of something. The following is correspondence shared by Mortgage Professionals Canada by email to the mortgage industry, it has been shared here for your benefit. The Office of the Superintendent of Financial Institutions (OSFI) issued […]

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Verico Q3 2016 Economic Update with Michael Campbell

VERICO’s Economic Consultant Michael Campbell has just released the Economic Update for Q3 2016, a VERICO Exclusive. “Brexit is important but it’s part of a much bigger story…The key to know is that the Brexit vote and the demise of the European union is driven by economic and financial events not politics.” Don’t miss out. […]

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  • July 19, 2016
  • Blog

Is There a “Housing Bubble” in Canada?

Since at least 2008, there have been repeated bursts of commentary that there is a housing bubble in Canada. Those comments have generally assumed that rapid growth in house prices (or a rising ratio of house prices versus incomes or of house prices versus rents) is sufficient evidence of a bubble. To the contrary, these […]

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  • June 28, 2016
  • Blog

CMHC Housing Starts Report | May 2016

It’s been said that talking about the Canadian Housing Market is like talking about the weather in Canada. “How’s the weather in Canada today”? seems like a rather odd question, it all depends where you are! Similarly, the Canadian Mortgage and Housing Corporation (CMHC) just released a report on the housing starts in Canada for […]

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Mortgage Costs About to Rise

Non-bank lenders rely heavily on securitization (selling mortgages to investors to raise money). They then lend that money out to new borrowers. This July, that’s about to get a whole lot more complicated…and costly with mortgage costs about to rise. Big changes are afoot in the mortgage business, and they’re coming to a lender near […]

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