While the Toronto condominium market will certainly feel the stifle effects of the recent changes to federal rules governing mortgages, a renowned builder and real estate broker argued that such adjustments will not necessarily lead to cost corrections and sales decline in the city.In toronto real estate, “It’s really not the end of the […]
toronto mortgage
Major changes to Canada’s housing and mortgage lending rules
In toronto real estate, the Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes. Below is a breakdown […]
Zero down on a $2 million house – no problem in Silicon Valley’s real estate market in California
It turns out that even the well-off need help in a housing market as crazy as the one in the San Francisco Bay area, and lenders are elbowing each other in a rush to provide it. They’re courting Silicon Valley workers with tailored loans, guaranteed 24-hour approval and financial-planning services. Social Finance Inc. has […]
High-risk world of syndicated mortgages
Hundreds of investors sank $16.9 million into a syndicated mortgage on a high-profile Barrie development that had been marketed as secure, high-interest paying and RRSP eligible. For ordinary consumers looking to boost their retirement savings, the sales pitch by the mortgage brokers who raise money for Fortress Real Development projects was compelling. It hasn’t […]
12 Tips for Buying a Car With Bad Credit
Your credit history plays a major role in getting approved for a car loan. Unfortunately, buying a car with bad credit is tough, even if you have the income and a stable job history. A history of late payments, high debt, bankruptcy, or repossession is a sign to the lender that you’e at risk […]