Home Capital's shares have fallen by 60% as investors have pulled out. This doesn't mean that the broader mortgage market is in trouble, however.
We examine the impact of Vancouver's foreign buyer tax on housing sales and prices in the eight months since its implementation
Curious about housing prices and trends in your area? Looking to buy or sell? Check out our interactive housing market dashboard covering the entire Lower Mainland from Mission to West Vancouver
The BC Government is offering loans for down payments of up to $37,500 to first-time homebuyers with no interest for the first five years. What do you need to qualify? How much can you save? This article explains
All three levels of government have announced some plans or intentions to shake up the real estate industry in BC. What are they? Does it matter?
Shadow flipping is a hot-button topic in the Lower Mainland, but what is it? How does it affect the housing market? And what is being done about it?
You should always pay down your debt before making investments. You will improve your credit and save money with less hassle.
Amortization periods affect your monthly payments and how much interest you will pay on your mortgage over its lifetime. Find out what you need to know about this simple but important concept
Looking to take control of your personal finances? Check out Mint, a free online tool from Intuit that helps you monitor your finances, create budgets and track goals
Free debt consolidation calculator for Canadian homeowners. Find out how much you can save on your debts, what your payments will be and how quickly you can reduce your debt
We provide an explanation of Loan-to-value (LTV) ratios in Canada. What they are, how they apply to you, and what LTV you can get.
Self-employed and looking for a first or second mortgage? There are a few things that you should know first. Check out our article to find out everything you need to know.
We provide answers to the most common questions on debt consolidation - what are the interest rates, terms, qualification standards....
Canadian homeowner concerned about your taxes? A home equity loan can save you $1,000's in CRA late fees and interest penalties. Find out if it works for you.
Looking for a loan for your small business? A home equity loan might the best thing for you.
Leftover credit card debt is almost as bad as fruitcake, but at least you can re-gift fruitcake. Don't hang on to credit card debt unnecessarily.
We provide answers to the most common questions on debt consolidation along with an easy explanation of how our Debt Consolidation Process works.
Property assessments are increasing sharply across the Greater Vancouver Area, especially in the city of Vancouver. Property tax bills won't rise by nearly as much though. We explain why.
What is a home equity loan? What are the advantages? What are the typical uses of a home equity loan in Canada? Who uses home equity loans? We answer these questions and more.
Four reasons why Canadian household debt levels are not as calamitous as they are often made out to be
Home equity loans are growing in prominence in Canada. Their applications are widespread and their recipients diverse. This article outlines common uses.
How much are putting down on their homes? Which groups put down less? We review these questions to assess the potential impact of the new down payment scheme
In February 2016, the minimum down payment for certain homes will be raised. What are the changes? What is their goal? Who will this affect? What will be the market impact? We answer these questions and more with our analysis on the likely impact of the announced changes
Transferring your debt from credit cards to a home equity loan is a great way to improve your finances, raise your credit rating and reduce your debt faster. This article outlines 10 great reasons to consolidate your credit card debt and provides access to other educational content and online tools.
This articles explains what we call the Virtuous Cycle of Debt Consolidation - the continual process of debt reduction, credit repair, and better financing that can save you thousands. We explain how it works and provide a number of additional resources.
Want to know more about debt consolidation and how you can save money, raise your credit rating, and get out of debt faster without increasing your monthly payments? We provide a simple walk-through and explanation of the process.
Interested in how debt consolidation can save you money? We are now offering free, customized Debt Consolidation Options Reports so you can see what options are available to you.
Curious about debt consolidation? What it is, how it works, how to do it properly? We answer all the common questions and provide a real life example of debt our debt consolidation process.
Trying to pay down your mortgage faster? Making lump sum or accelerated payments are good ideas, but there are better options available. This article discusses easy ways to pay down your mortgage faster.
With rising resale prices comes rising property tax assessments. Some have taken this to portend rising property taxes, but this belief stems from a misunderstanding of municipal finance in Canada.
The BC Government has announced plans to change their outdated property transfer tax scheme
Curious about debt consolidation? Wondering whether it is right for you? We provide some helpful tips to get you started.
International net migration to BC has fallen to an almost 30 year low. Migration is a critical part of housing demand and we assess what effect this might have
Stephen Harper announced intentions to raise the homeownership rate in Canada. This article explains how he intends to do so, why, and the possible consequences.
We summarize the most current Canadian interest rate forecasts from major institutions in Canada and describe the economic backdrop that underpins these forecasts
Rising residential land prices are driving up new home prices across the Vancouver area, especially in certain pockets. This articles examines the driving forces of new home prices in Metro Vancouver
Residential land prices in the Greater Vancouver area are rising, pushed up by private investors. This is expected to put upward pressure on new home prices, with a lag 1-2 years
Your credit score determines what financial options are available to you. This article outlines some useful tips to repair and protect your credit rating.
Canadian banks helping clients bend rules to move money out of China
We highlight some research from the Bank of Montreal that aims to determine if we are building too many homes in Canada. If you are too lazy to read on, the answer is no.
We provide nine useful tips on how you can reduce your credit card debt faster
Secondary suites are becoming very common in Vancouver, which reportedly has the highest rate of any major city in Canada
We take a look at recent trends in Victoria's housing market
Stephen Harper has announced plans to measure the size and impact of foreign ownership in housing markets across Canada
We provide a concise overview of the Fraser Valley real estate market with what you need to know if you are planning to buy.
How connected is BC's economy to Alberta's. What will happen to BC's housing market as a result of a slowdown in Alberta's economy. We crunch the numbers to provide some much needed context.
What is the "shadow mortgage market"? How big is it? Is it a concern? We answer these questions and more.
CMHC to Change Their Underwriting Policy for Dwellings with Secondary Suites
A recent report by TD bank argues that the Bank of Canada's recent rate cut will not have a significant impact on Canada's housing market
Vancouver has seen a declining stock of single-detached homes since 2001 as a result of re-zoning. This declining stock is putting upward pressure on prices
A falling supply of single-detached home, largely the result of re-zoning, is the driving force behind rising single-detached home prices in the city of Vancouver, rather than foreign ownership.
A recent (survey by CIBC)[A recent survey by CIBC indicates that most Canadians would use a rate cut to pay down their debts faster, rather than take on more debt] indicates that most Canadians would use a rate cut to pay down their debts faster, rather than take on more debt.
We provide a summary of the most recent interest rate forecasts from major Canadian institutions
This article summarizes the current state of Vancouver's economy and housing market
We look at why the Bank of Canada is more likely to cut interest rates than before and why this likely won't impact the average Canadian
A Sober Discussion on Housing Affordability in Vancouver
From interest rates, to immigration, to foreign investors, we examine some major factors affecting Canada's housing markets in 2015 and going forward.
This article provides a concise description of homebuying in Canada. Where are down payments coming from? What would happen if regulation changed? You name it.
2015 is seeing widespread strength in BC's housing markets. This article presents some statistics amalgamated from different real estate boards across the province
Are you a mortgage broker looking for private lending services for your clients? We offer a service that is designed to allow you to expand your business and increase your revenue without investing an inordinate amount of time
We provide an estimate of typical monthly mortgage payments for new apartments by area around Metro Vancouver
Strata fees can represent a significant ongoing cost. In this short article, we summarize typical strata fees by region across the Greater Vancouver Area. We then compare it to typical monthly mortgage payments for those same areas to give the reader a sense of how much of their payments would go to strata fees
Canadian mortgage brokers are getting a bigger piece of the pie compared to previous years, gaining ground with both first-time homebuyers and repeat buyers. We highlight this and other useful insights from CMHC's recent Mortgage Consumer Survey.