The Province of British Columbia has implemented a program to assist first time home buyers in the BC real estate market: Real estate pros see risks and opportunities in B.C.’s no-interest loan scheme. The form of assistance that the government has decided to adopt is a slow amortization interest-free loan. You Read More
Ottawa proposes sweeping changes to spread mortgage risks
The intended consequences of new housing policies
Four out of 10 homeowners caught short without enough money to meet their expenses, new survey finds About four in 10 Canadian homeowners says they were “caught short” in the past year without enough money to meet their expenses, according to a survey out Tuesday.
The use of teaser rates in qualifying individuals is a game the banks have played to increase their mortgage volumes. This spins back into the Canada Mortgage and Housing Corporation insurance scheme. It allows Canadians to spend more than would otherwise be the case, and puts thousands of homeowners at Read More
Just how safe is the ‘safe’ world of syndicated mortgages? The condo boom has seen investors pour billions into syndicated mortgages. They’re pitched as high return, low risk investments—but is that too good to be true?