Canada Mortgage

Should You Buy A B.C. Condo Without A Depreciation Report?

Atrina Kouroshnia | Posted 07.25.2014 | Canada British Columbia
Atrina Kouroshnia

Last December a new B.C. government directive went into effect, requiring condo buildings to prepare a depreciation report that gives prospective buyers details about expected long-term expenses or problems. Despite the new rule, only about one quarter of the stratas across the province have commissioned depreciation reports so far.

Time To Quit The Cult Of Home Ownership?

CBC | Posted 04.04.2014 | Canada Business

If Canadians have a preoccupation these days, apart from the winter weather, it seems to be real estate. Specifically: the ever-rising prices in most ...

So Your Home Is in Foreclosure - What Now?

Joaquin Benitez | Posted 10.07.2013 | Canada Living
Joaquin Benitez

If you find yourself in a foreclosure situation, emotions will overtake you, so it's critical that you deal with them in order to keep a clear head and survive the trauma. You are well able to defend your home from foreclosure, but first you must take control of your emotions. And you will survive!

Give Me Liberty, or Give Me Debt

Douglas Hoyes | Posted 09.02.2013 | Canada
Douglas Hoyes

Conventional wisdom says that debt used to purchase something of lasting value, like an investment, or a house, or a car, is good debt, because you benefit from the purchase. An example of bad debt would be borrowing to go on vacation, because when the vacation is over you have nothing to show for it. In some cases both of these examples are true.

Absurd Vancouver Property: Vancouver vs. Quebec

Melissa Carr | Posted 07.07.2013 | Canada British Columbia
Melissa Carr

Farther and farther across the country we go...bonjour, Quebec! What a million dollars will buy you there, compared to Vancouver.

On the Mortgage Debate, Mulcair KO'd Flaherty

Michel Kelly-Gagnon | Posted 03.21.2013 | Canada Business
Michel Kelly-Gagnon

The federal minister of Finances, Mr. Jim Flaherty, made public comments and exerted pressures for Manulife Bank to withdraw its offer for a five-year-fixed mortgage rate of 2.89 per cent. NPD leader Thomas Mulcair accused Mr. Flaherty of using his position of power inappropriately. I couldn't have said it better myself.

Is the Financial Strain of Homeownership Worth it?

Yoni Goldstein | Posted 12.26.2012 | Canada Business
Yoni Goldstein

Buying a home marks the true end of youthhood. You're ready to put down roots now, to establish yourself, to mark your territory. But have you seen what a modest house in a barely decent neighbourhood anywhere even remotely near a metropolitan area costs these days? There is no way you have anywhere near that much money, which means you have to borrow a lot, from the bank. I'm not here to excuse homebuyers who have trouble paying their mortgages, but I think I can at least explain their thinking. The point is that while buying a house is quite clearly a momentous financial exercise, it is very much an emotional one, too.

Home Buyers Panic Ahead Of Mortgage Rules Change

CBC | Posted 09.06.2012 | Canada Business

The clock is ticking on Canada's mortgage rules. Come Monday, insured 30-year amortizations will be a thing of the past, and the shift mea...

Tighter Mortgage Rules Come To Canada

CP | Julian Beltrame, The Canadian Press | Posted 08.20.2012 | Canada Business

OTTAWA - Buying a first home or taking out a loan against an existing residence will be more difficult for Canadians under new rules announced Thursda...

Ask a Realtor: Should I Just Rent in This Market?

Susanne Hudson | Posted 08.07.2012 | Canada Business
Susanne Hudson

Renting is always an option but the allure of owning your own home is hard to beat! And over the long run owning a home that is appreciating in value is a good investment. Where else can you enjoy the comfort of an investment and pay no capital gains when you cash out?

'Alternative' Lenders Behind Canada's Growing Mortgage Mess

CBC | Posted 06.16.2012 | Canada Business

As the big banks get choosier about who they'll lend money to in this hot housing market, people with questionable credit are benefiting ...

Daniel Tencer

Are Canada’s Banks Losing Track Of Basic Lending Practices?

HuffingtonPost.com | Daniel Tencer | Posted 03.19.2012 | Canada Business

Check yourself before you wreck yourself. That’s the not-so-subtle subtext of a message from a federal financial regulator to Canada’s banks. T...

Flaherty: Subprime Lending 'A Matter Of Concern'

CBC | Posted 04.03.2012 | Canada Business

Finance Minister Jim Flaherty said he shares the concern of Canada's top banking regulator that lenders are loosening their mortgage stan...

Canada At Risk Of 'Subprime' Housing Crisis, Government Documents Warn

The Huffington Post Canada | Daniel Tencer | Posted 01.31.2012 | Canada Business

Canada’s financial regulator is growing worried that Canadian banks are following their American counterparts into the “subprime” mortgage marke...

10 Signs You're in for a Difficult Divorce

Georgialee Lang | Posted 11.13.2011 | Canada Living
Georgialee Lang

Amicable divorces remain that way until a husband begins a serious relationship with a new lady. One of the easiest ways to have your divorce come "off the rails" is to flaunt a new paramour before your wife is emotionally ready, which in some cases is never.