Tag: Borrowing

Canada still needs low borrowing costs – BoC’s Poloz

04/09/2019

Global economic uncertainty means that the Canadian economy will still benefit from the boost that low borrowing costs can provide, according to the Bank of Canada’s Governor.

Fresh data could signal the end of Canada’s mortgage borrowing spree

02/27/2019

Higher interest rates and new lending rules have curbed Canadians’ appetite for taking on mortgage debt, a new report suggests.

59% of Canadian first-time buyers want to purchase a home in the next 2 years

12/07/2018

There have been plenty of deterrents for Canadian first-time home buyers this year, from stricter mortgage qualification rules rolled out in January to three interest rates hikes throughout the year. But according to a new survey, the majority haven’t given up on the dream of homeownership.

Tips to repairing bruised credit

11/26/2018

The importance of a high credit score is, unfortunately, lost on many borrowers, but with a little discipline and dedication, they can get back on track.

Watch out: the Canadian housing market could become a drag on the economy in 2019

11/16/2018

The Canadian housing market hasn’t provided much of a boost to the country’s economy in 2018 and, according to one bank, it’s a trend that will likely continue in the new year.

Housing starts have been slowing in recent months, which CIBC economist Royce Mendes believes is a sign that the market will exert a drag on the Canadian economy in 2019.

New high-end home mortgage advisor course opens

11/15/2018

Working with luxury homeowners and high-net-worth individuals and families can be intimidating. Fortunately, a new certification course is available to help mortgage professionals who want to specialize in serving this unique market.