Borrowing is tougher for self-employed Homebuyers looking for a mortgage are finding conditions are getting tougher if they are self-employed, at a time when there is an increasing number of self-employed Canadians. Solid credit scores are multiple years in business are still not making it easy for business owners to buy their own home. Chad […]

Sorry Mr Oliver, we don’t believe you by Steve Randall | 23 Jul 2015   The majority of Canadians do not believe finance minister Joe Oliver’s assessment of the economy. Specifically they do not believe that the country has avoided recession. A new survey by Forum Research shows that 58 per cent of respondents say […]

Analysts predict lower rates for 2 years Reacting the Bank of Canada’s cut in interest rates many economists are predicting they will have to stay low for some time. While talk of cheaper mortgages may be in focus for homeowners and buyers the wider economic picture painted by the BoC is one of sluggish growth […]

Home sales set new record Home sales set a record for the month of June, standing 11 per cent above June 2014 and 14 per cent above the 10-year national average for the month, according to the latest figures from the Canadian Real Estate Association. But the trend is local, said the organization, pointing to […]

Canadians driven to huge mortgage rates   by Steve Randall | 10 Jul 2015 The Canadian dream of owning a home is driving some to agree to exorbitant mortgage rates from the world of shadow lending. A Reuters report says that while home prices have been increasing, mortgage lenders have become more conservative and regulators have […]

Greece Grabs Headlines But China Is Far More Important     While all the attention has been on Greece, the Chinese stock market has fallen nearly 30 percent in the past month as the economy slows and margin calls increase. Photo: AFP   China has more than 120 times the population of Greece and is […]

No need for policy on foreign investment says BCREA HomeMarket Update by CRE11 Jun 2015 Share on facebookShare on twitterShare on linkedinShare on google_plusone_share   The British Columbia Real Estate Association has published a report on the implications of foreign buyers on the housing market in the province. It has concluded that there is no […]

by Jamie Henry | 22 May 2015   David Wolf of Fidelity Investments says that the Bank of Canada may end up slashing interest rates to zero in the next 6 to 18 months. With oil prices showing more strength and the Canadian dollar increasing its value, Wolf says the non-energy exports that governor Stephen […]

Why Are Bond Yields Rising? Will Mortgage Rates Follow? Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped […]