Thanks to years of access to cheap money, household debt has ballooned in Canada. .
Read more on this article.
Three mayoral candidates squared off in a public debate to answer questions regarding affordable housing... Read more on this article.
Livabl News Canada:
Not anytime soon, according to many industry experts. While much of the downward pressure on the market has started to ease, there are several factors standing in the way of a full-blown prices boom. Read more on this article.
New guidelines from Canada Mortgage and Housing Corp. (CMHC) will make it easier for anyone who has been self-employed for less than two years to qualify for a mortgage.
Read more on this article.
The Huffington Post:
Something is happening in Canada these days that hasn't happened in at least 45 years: The share of Canadians who own a home is shrinking. Read more on this article.
While higher borrowing costs and tougher mortgage qualification rules have kept sales levels off the record pace set in 2016, many households remain positive about home ownership as a quality long-term investment. Read more on this article.
An adjustable-rate mortgage (ARM) is a loan with an interest rate that changes. The ARM may start with a low monthly payment, but then it goes up after a certain amount of time.
Funny quote of the Day:
Be Decisive... Right or wrong make a decision. The road of life is paved with flat squirrels who couldn't make a decision.
Joke Of The Day
A married man was having an affair with his secretary. One day, their passions overcame them in the office and they took off for her house.
Exhausted from the afternoon's activities, they fell asleep and awoke at around 8 p.m. As the man threw on his clothes, he told the woman to take his shoes outside and rub them through the grass and dirt. Confused, she nonetheless complied and he slipped into his shoes and drove home.
"Where have you been?" demanded his wife when he entered the house. "Darling," replied the man, "I can't lie to you. I've been having an affair with my secretary. I fell asleep in her bed and didn't wake up until eight o'clock.
" The wife glanced down at his shoes and said, "You liar! You've been playing golf!"
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James Loewen Loewen Group Mortgages Ph 289 337 4029
