Blog by DOINA BIOLAN B.Comm

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MORTGAGE PENALTIES AT THE BIG BANKS

December 7th, 2013
The hidden trap of mortgage penalties at the big banks Thinking of buying a house? You may want to ditch your bank for an alternative lender. Rob Carrick explains – http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/the-hidden-trap-of-mortgage-penalties/article15774375/ It’s easy to get caught in the posted mortgage rate trap at the big banks. No, you won’t ...
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MORTGAGE RATES UPDATE

December 4th, 2013
  Rising prices, mortgage rates hits home affordability in Canada: RBC by The Canadian Press - Story: 103535 Nov 26, 2013 / 9:08 pm   OTTAWA - Higher prices and an increase in mortgage rates have made home affordability more of a problem for the average Canadian family, says a new report from the Royal Bank of Canada (TSX:RY). RBC's latest research on the portion of average hous ...
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FALLING RATES

October 25th, 2013
Falling rates, BoC’s stand puts housing spotlight on Flaherty TARA PERKINS - REAL ESTATE REPORTER The Globe and Mail Published Thursday, Oct. 24 2013, 7:40 PM EDT Last updated Friday, Oct. 25 2013, 9:20 AM EDT Jim Flaherty’s balancing act is getting harder. For the past few years, the Finance Minister has been trying to prevent Canadian house prices and consumer debts from ri ...
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MORTGAGE DEBT IN CANADA

October 15th, 2013
Stephen Harper told mounting mortgage debt is putting ‘our national economy at risk’ Gordon Isfeld | 07/10/13 | Last Updated: 08/10/13 10:46 AM ET     OTTAWA — We have been warned before, and often. The federal government and the Bank of Canada, in particular, have lectured us about the evils of sky-high consumer debt and still-creeping house prices — and the mounting threat to the e ...
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MORTGAGE RULES TIGHTENING

September 10th, 2013
Regulator eyes tighter mortgage rules TARA PERKINS - REAL ESTATE REPORTER The Globe and Mail Published Tuesday, Sep. 03 2013, 12:01 AM EDT Last updated Tuesday, Sep. 03 2013, 7:27 AM EDT Canada’s banking regulator has been gathering detailed mortgage information from financial institutions, in what could be a precursor to changes in the rules for home loans. Th ...
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Why are mortgage rates rising?

August 29th, 2013
Why are Canadian mortgages rising? And how far could they go?   One after the other, Canada’s big banks have all hiked-up mortgage rates this week. Why? In large part, it has to do with the U.S. recovery.   There are two major channels in which a healthier and faster-growing economy down south is driving up the cost of borrowing for Canadian homeowners. The first one: Foreign capita ...
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Debt ratio standards

July 6th, 2013
  Stricter Debt Ratio Standards on the Way http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2013/07/debt-ratio-calculations-to-get-stricter-on-insured-mortgages.html If you’re a typical borrower, your debt ratios will largely determine if you’re approved for a mortgage. For applicants who push the limits of qualification, those approvals have been tougher to come b ...
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RISING INTEREST RATES DILEMMA

July 5th, 2013
Rising rates creating increasing dilemma for homeowners Garry Marr | 13/07/02 | Last Updated: 13/07/02 5:34 PM ET http://business.financialpost.com/2013/07/02/rising-rates-creating-increasing-dilemma-for-homeowners/?__lsa=2e04-4f9e The interest rate dilemma has arrived again for homeowners. What once was a no-brainer decision, locking in your mortgage rate for five years or even ...
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RISING INTEREST RATES

June 26th, 2013
Rising interest rates: Consumers, investors face sudden shift TARA PERKINS AND TIM KILADZE The Globe and Mail  Canadians accustomed to cheap money are quickly realizing that the era of rock-bottom rates could soon be coming to a close. Since the worst of the financial crisis, government interest rates in Canada and the United States have remained exceptionally low, and for th ...
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CHANGES IN CANADIAN MORTGAGE MARKET

May 24th, 2013
Change in the Canadian Mortgage Market  May 2013  Significant Statistics    •           Overall housing starts are projected to decline from 205,000 in 2011 to 150,000 by 2014. In total, the housing starts downturn will reduce related employment by 80,000 jobs.    •           For mortgages repaid during the past two decades, actual repayment has been two-thirds of the contracted ...
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Posted in Mortgages

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