Mortgages are definitely a very boring topic. They would make the front page of the papers, or a TV news flash only if something drastically happens. Over the last few months – nothing happened. This past week though, the first…
Tag Archive for mortgage rates
Mortgage rate wars: So what?
by Vasko DeLev • • 0 Comments
Mortgage rates are under 3% for the popular 5-year term. Bank of Montreal is the one, who likes to make a media splash any time when they lower rates. But other lenders have been offering such low rates for months…
Higher rates: Canada to be first
by Vasko DeLev • • 0 Comments
Nobody knows what kind of glasses economists use when they look into the future and try to predict stock market direction or interest rates. The truth is that whatever they say it is backed up by a mountain of data.…
Predictions for 2013
by Vasko DeLev • • 0 Comments
A good part of some predictions is the fact that they never materialize. Like the one calling for the end of the world on Dec 21, 2012. To celebrate the occasion our family watched the movie “2012” yesterday: the day…
The mortgage landscape in Canada
by Vasko DeLev • • 0 Comments
CAAMP (The Canadian Association of Accredited Mortgage Professionals) released their annual survey of the mortgage industry in Canada. Authored by Will Dunning, the CAAMP’s chief economist, the report paints a detailed picture of the our mortgage industry. Pouring through the…
Should I buy? Should I sell? Should I wait?
by Moe McIlwain • • 0 Comments
Buyer’s vs. Seller’s Market There is a lot of talk in the media: ‘Sky is falling in Canadian Real Estate’. The market is going to ‘crash’, etc, etc. The consensus is that the Canadian economy and bank system are more…
ING Direct leaving Canada
by Vasko DeLev • • 0 Comments
ING was and still is a bank with a character. It entered the Canadian market in 1997 and quickly become very popular. The young and internet savvy crowd quickly realized the benefits ING offered – no fee banking, high interest…
The dark side of low interest rates
by Vasko DeLev • • 0 Comments
Nobody talks about it, but for many Canadians the low interest rates are really bad. Folks over 60, people who do not own real estate and conservative investors are devastated. They are losing dollars day-in-day-out without doing anything wrong. They…
The push for higher rates
by Vasko DeLev • • 0 Comments
Is it going to affect you? It’s not only Canadian government officials, who call for higher interest rates. The Organization for Economic Co-operation and Development (OECD) has once again tried to offer Canadians business advice. In short they say: Your real…
Rules, not rates will kill the housing market
by Vasko DeLev • • 1 Comment
Who will suffer in the end? A cloud of uncertainty is hanging over the mortgage industry in Canada. High level tough talk from both the Minister of Finance Jim Flaherty and the top man at Bank of Canada, Mark Carney,…