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Author Archives: Zenar
Demographics make big city condos hot
On average, a home in Canada costs 84% more than in the United States right now. The national averages are $372,762 at home versus $203,100 south of the 49th parallel. One might argue that something has got to give. By … Continue reading
Posted in Mortgage News
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Too hot? Higher than expected home prices renew concerns of Canadian bubble
OTTAWA • As home prices continue their steady ascent, the volume of debate over the too-hot or just-about-right market is also getting turned up. Politicians and monetary policy-makers are warning consumers to tackle their debt loads now, while many analysts … Continue reading
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High consumer debt – What it means to you
There has been a lot of news from the daily newspapers and the Canadian government over the past year about excessive debt levels for consumers. For example take a look at these statements from Statistics Canada from mid September: Canadian … Continue reading
Royal Bank, CIBC raise mortgage rates after bond rates increase
Mortgage rates are on the rise in Canada after a strong U.S. jobs growth report bumped up the cost of borrowing in the bond market. Royal Bank says it is raising rates on some variable rates as well as … Continue reading
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Why your mortgage rate is low
The Bank of Canada usually has a 2% target for inflation and if prices start to rise above this target, it triggers interest rates to rise. Why have central bankers around the world not raised rates if inflation really is … Continue reading
Obtaining a Second Mortgage
All about a second mortgages in Ontario Continue reading