MoMo Mortgages

04/14/2022

This is a huge step to get the market under control and protect the consumers on both ends.

The pilot program will allow the public to see bids on properties found on Realtor.ca

01/12/2022

https://financialpost.com/real-estate/mortgages/cmhc-to-review-down-payments-on-investment-properties-as-part-of-federal-strategy-to-tackle-housing-risks

Speculative investing in residential real estate has become an important concern, prompting Canadians to overbid on properties

10/15/2021

https://www.facebook.com/1413631808884907/posts/3067426316838773/

It remains to be seen whether proposed tweaks can revive the much-maligned federal program

07/06/2021

https://www.theglobeandmail.com/business/article-federal-mortgage-insurer-reverses-pandemic-lending-changes-in-face-of/

Federal insurer lowering the required credit score and loosening other measurements that ensure homeowners can pay mortgages and other debts

05/20/2021

https://www.facebook.com/168282878593/posts/10160333110698594/

10/28/2020

Kevin Carmichael: Economy not expected to recover from the pandemic until 2022

08/17/2020

https://financialpost.com/real-estate/canada-home-sales-continue-surge-rising-26-to-record-in-july?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook =1597676978

Sales soared 26% from month before, prices up 2.3%

08/09/2020

A slight increase in the borrowing power which can drive the housing market even further. Good news! If you have any questions, feel free to call/text at 306 351 4340.

Effective this week it gets a little easier to buy a house or refinance. On Saturday, BMO and CIBC shaved 15 basis points off their posted 5-year fixed rates. That’s enough to drop the benchmark 5-year posted rate to 4.79%. Given regulators use this benchmark rate to calculate Canada’s minimum m...

06/05/2020

https://www.google.com/amp/s/beta.ctvnews.ca/national/business/2020/6/4/1_4969986.html

Canadians looking to borrow money for a home purchase a home are in for some extra challenges after the Canada Mortgage and Housing Corporation announced changes to its lending standards.

05/21/2020

https://www.google.com/url?sa=t&source=web&rct=j&url=https://thinkpol.ca/2020/05/19/canada-looking-to-increase-minimum-mortgage-payments-5-10-covid-19-sends-history-household-debt-levels-even-higher/&ved=2ahUKEwj67oqd3sXpAhWQVc0KHVrhAOoQFjAMegQIAhAB&usg=AOvVaw1b8Fp2sSGvlO5T9sBOuJ3H&cshid=1590091027254

Canada is looking to stop its historic household debt soaring even higher due to the novel coronavirus crisis by requiring higher mortgage down payments, the country’s national housing agency said. Evan Siddall, president and CEO of the Canada Mortgage and Housing Corporation (CMHC), warned the Ho...

03/04/2020

https://www.theglobeandmail.com/business/economy/article-bank-of-canada-cuts-rates-as-coronavirus-virus-delivers-negative/

The central bank said it will cut its key rate by half a percentage point to 1.25 per cent; move comes a day after a similar cut by the U.S. Federal Reserve

05/24/2019

Finally a quite long pause on the interest rates. On the other hand, usually lower rates mean higher demand for housing and higher demand turns into higher house prices. If you're looking for a prime time to own real estate, this looks like to be it. Lower rates, lower prices, and lots of options...And it is not -40 outside...

Nobody expects a rate move Wednesday