The real estate market is getting chaotic, wherever you stand in the housing market… Canadian homebuyers are increasingly considering credit unions and private lenders to secure mortgages as rates rise, brokers say. They are seeing more Canadians drawn to these lenders as fixed mortgage rates have crept to about 4% in recent months in many…
At the end of 2020, the CREA released its latest resale housing market forecast, which revealed that — despite turbulent spring months — homebuyers are on track to set a record for the last calendar yesr, with some 544,413 homes projected to change hands by December 31, an 11.1% increase from 2019 levels. Subsequently, the national…
The mortgage acquisition process for a new home is far from easy; even from the very first step. Many homebuyers simply don’t know what’s best for them, and whether they’ll even make it through the first phase, nevermind receive the loan. More often than not, mortgage brokers like us are there to help, but we…
It has now been three years since the stress test was implemented in Canada, which made it harder for first-time homebuyers to land the homes of their dreams. What this has now brought is a potential plan for a registry for private mortgage lenders that could shed light on a corner of the market that…
Wrapping up the end of the summer this week with yet another inspiring guest blog! This time, it’s Chris van Kasteren from London, ON. Growing up in a family of 6 in a local Lucan, ON farm, he was raised to treat future clients like family and keep a strong work ethic. ———– I grew…
It’s almost the middle of 2019, the stress test is still affecting many of the younger generation who haven’t bought a home before, and affordability is decreasing by the month in major Canadian cities; but everything is still doable if you do it right! Start accepting help from the family, or outside. In Ontario, housing…
