Lower Mainland weakness impacts BC home sales /bc-home-sales-drop Introduction to BC Housing Market Shifts The latest news from the Canadian Mortgage News Source indicates a 6.7% decline in BC home sales for July, with provincial sales remaining nearly 19% below the 10-year average. As a mortgage broker in Ontario, it’s essential to analyze the implications […]
Desjardins mortgage portfolio grows 8% as quarterly earnings rise desjardins-mortgage-growth Introduction to Desjardins Mortgage Portfolio Growth Desjardins, a major Canadian financial institution, has reported an 8% growth in its mortgage portfolio, reaching $206.8 billion in residential mortgage balances. This significant increase is attributed to improved margins and lower credit-loss provisions, resulting in a lift in
Mortgage options for homeowners, Ontario mortgage broker advice not-ready-to-downsize Introduction As a seasoned Ontario mortgage broker, I’ve seen many homeowners in Toronto, Richmond Hill, and other parts of the province struggle with the decision to downsize. With the current Canada housing market trends, it’s no wonder why many are hesitant to make a move. However,
Former CMHC chief leads Build Canada Homes /kia-mortgage/news/mortgage-market-shift Introduction to Canada’s New Housing Policy The Canadian mortgage market is abuzz with the news of Evan Siddall, former CMHC chief, being named chair of Build Canada Homes. As a seasoned mortgage broker in Ontario, I’ll delve into the implications of this development on the Canadian housing
Mortgage payments earn Aeroplan points, but at a cost. mortgage-rewards-program Introduction to Mortgage Rewards Programs The Canadian mortgage market has seen a new development with the introduction of a mortgage rewards program that offers Aeroplan points for mortgage payments. This program, launched by Chexy, provides one Aeroplan point per dollar paid, which may seem like
National rent falls 4% in July, what’s next for Ontario homebuyers? https://kia.mortgage/blog/ontario-mortgage-market-update Introduction to the Ontario Mortgage Market The latest report from the Canadian Mortgage News Source reveals a significant drop in average national asking rent, falling 4% in July compared to the previous year, now standing at $2,037. As a mortgage broker in Ontario,
Canadian rents decline as market stabilizes https://kia.mortgage/blog/average-rents-fall Introduction The Canadian rental market has witnessed a notable shift, with average asking rents falling by 4% in July compared to the previous year. This decline brings the national average rent to $2,037, according to a recent report. As a seasoned mortgage broker in Ontario, I will delve
Montreal-area home sales fell 10% in July, citing market adjustment montreal-home-sales-drop Introduction to Montreal’s Housing Market Shift The recent news of Montreal-area home sales dropping by 10% in July has sparked interest in the Canadian mortgage market. As a mortgage broker in Ontario, I’ll analyze the implications of this trend on homebuyers, refinancers, and investors.
Discover how federal programs and mortgage rules impact your eligibility. https://kia.mortgage/blog/can-you-become-a-first-time-homebuyer-again Introduction to First-Time Homebuyer Eligibility As a seasoned mortgage broker in Ontario, I’ve encountered numerous individuals who’ve previously owned a home but are now wondering if they can qualify as first-time homebuyers again. The answer lies in understanding the various definitions used by federal
DLC acquires Filogix, Ontario mortgage market implications dlc-filogix-deal-ontario-mortgage-market Introduction to the DLC-Filogix Deal The Canadian mortgage landscape has witnessed a significant shift with the recent acquisition of Filogix by DLC Group, a major mortgage brokerage, for $58.5 million. This deal brings two prominent mortgage submission platforms under common ownership, raising questions about competition and the