Most Canadian Homeowners Unprepared for Financial Shocks

Posted by on May 25, 2017 in Blog | 0 comments

By Canadian mortgage trends STEVE HUEBL MAY 25, 2017   TWEET SHARE5 LINKEDIN4 It’s common knowledge—or at least it should be by now—that Canadians are carrying worrying levels of debt. The latest reminder of how fragile the situation is comes from Manulife Bank’s Homeowner Debt Survey, which found that 72 per cent of mortgage holders wouldn’t be able to manage a 10% increase in their monthly payments. Given that the...

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8 in 10 Millennials Intend to Buy in 5 Years

Posted by on Mar 1, 2017 in Blog | 0 comments

February 28, 2017   Robert McLister   47  (Canadian mortgage trends) About a third (34%) of millennials (Canadians born in the 80s and 90s) are homeowners, finds a new HSBC survey. Of those who don’t own, 82% plan to buy in the next five years. But there’s a minor problem:  70% of them haven’t saved enough for a down payment. Enter the parental units. Dependent supporters are rushing to the rescue of a small chunk of...

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Bank of Canada announces rate

Posted by on Mar 1, 2017 in Blog | 0 comments

By Andy Blatchford by The Canadian Press OTTAWA – The Bank of Canada is holding its trend-setting interest rate at 0.5 per cent but it’s keeping a watchful eye on “significant uncertainties” that it warns could alter the economy’s improving trajectory. The central bank’s scheduled rate announcement Wednesday arrived as Canada tries to assess the direction of U.S. economic policy under President Donald Trump...

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Canadians Slow to Automate Financial Services

Posted by on Feb 7, 2017 in Blog | 0 comments

Written by Robert Mclister from Canadian Mortgage trends Canadians Slow to Automate Financial Services    January 31, 2017   Robert McLister   1k  People are increasingly open to purely automated banking and investment services. But Canadians also lag the world in robo-advice acceptance, finds a recent survey. Accenture Financial Service’s 2017 consumer study reveals that 6 in 10 Canadians (59%) would use entirely...

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The Importance Of A Financing Condition

Posted by on Nov 12, 2013 in Blog | 0 comments

I like to think I know what I’m doing when I get a potential client. After 10 years in the business and thousands of happy client relationships, I like to think I know how to size up a deal better than most, and provide options. However, when my deal falls into the hands of someone who is either not following the rules of home financing or who thinks that they can decide the fate of a deal based on their feelings of it, and not based on data,...

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What is the “Best Mortgage Rate” ?

Posted by on Nov 10, 2013 in Blog | 0 comments

It’s not synonymous with the “lowest mortgage rate.” The best mortgage rate corresponds to the mortgage and advice that saves (and in some cases makes) you the most amount of money long-term. Mortgage professionals routinely advise, “It’s not all about the rate.” To some, that sounds like evil sales-speak meant to boost commissions. The reality is that mortgage flexibility, contract restrictions and advice all have a definitive...

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