Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021.
Forecasting Canada’s Housing Market in 2021
Average Canadian house price rose 14% in year up to July, CREA says
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: Pete Evans
Original Article Posted on: Aug 17, 2020
Link to Original Article: https://www.cbc.ca/news/business/house-prices-numbers-july-1.5689129
Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: August 6, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/08/fixed-or-variable-floating-rate-mortgages-losing-their-lustre/
How to qualify for a mortgage in an uncertain market
With COVID-19 challenges that include layoffs and deferred mortgage payments, getting a mortgage may be a bit tougher for some, whether it’s for a first home, or refinancing to consolidate debt, or simply renewing your existing mortgage with a new lender to take advantage of a lower interest rate.
Top Five Things To Look For When Hiring A Mortgage Broker
While the home-buying journey is exciting, the intricacies of acquiring the right mortgage to fulfill your dream of homeownership can be much more cumbersome than expected. To alleviate some stress and ease the process of obtaining a mortgage, it’s best to enlist the services of an experienced mortgage broker who will review the different mortgage options available to help you select one that is ideal for your situation. To help you with the selection process, here’s a list of the top five things to look for when hiring a mortgage broker.
What Makes Deb Murdoch - TMG The Mortgage Group Stand Out
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Make sure you qualify for a mortgage
So, you can afford your desired mortgage payment, but do you qualify for it? There are a lot of factors that a lender considers when deciding to give you a mortgage. There's a difference between knowing you can afford a mortgage and actually qualifying for one. Recently, there was another round of changes to the rules that banks use to qualify you for a mortgage. But what does that mean? It doesn't mean you're shut out of the real estate market completely. If you have the income and a steady job, it just means you have to be a little more…