MoneyRus

07/14/2023

Interest rates are hard to predict but important to understand. Here's some advice if you're in the market: https://rem.ax/ratehikes

02/08/2019

This is how big Banks make billions of dollar profit

Why do we stay with them? Complacency is a big reason. A lack of knowledge is another.

12/14/2018

Another step in fraud prevention.

Automated income verification comes to LOS

12/05/2018

Unsecured loans from Mortgage Alliance partners.

11/13/2018

Stress testing to qualify for a mortgage is putting consumers at a greater risk by pushing them to private lending.

Recent data is providing insight into borrowing trends, consumers' financial health and the current state of the real estate market.

11/13/2018

Worth pondering.

Canadian mortgage credit growth is falling, but how bad is it in real terms? People are comparing today’s low growth numbers to the mid-1990s. While there are some parallels, it more accurately resembles the early 1980s. Mortgage credit growth, when adjusted for inflation, is heading towards negat...

10/02/2018

09/25/2018

MORTGAGES SET TO BECOME MORE EXPENSIVE

Both the Canadian and the US Bond Yields have been steadily going up for the past few months thus putting upward pressure on fixed rates. The prime rate is also expected to firm up in the month of October 2018. Another prime rate increase may be on the cards before the year ends.
The above will not only make the cost of carrying mortgages more expensive but also make the stress test more stringent. Therefore, if you are planning to purchase your home in near future, it would be a good idea to lock in the fixed rate now. Or if you are planning to tap home equity for whatever reason, this is the time to refinance.

09/23/2018

I fully support this OREA move.

Ongoing negotiations for a new North American Free Trade Agreement highlight a looming crisis for Canadian homeowners

09/15/2018

https://globalnews.ca/news/4445541/rent-to-own-housing-canada/amp/

Rent-to-own can be an alternative route to homeownership – but there are pitfalls.

09/15/2018

https://m.huffingtonpost.ca/2018/09/12/worlds-hottest-housing-markets-canada_a_23525123/

We've fallen to 37th place from fourth on a ranking of hottest housing markets.