Consensus is looking for Canadian housing starts numbers for the month of June to come in near 190k, down from the strong 198.3k in May but still stronger than levels seen earlier this year when a mix of harsh weather and uncertainty weighed on overall levels of construction, driving housing starts to an annualized low [...]
A recent survey of high net worth Canadians, those with investable assets of $500,000 or more, reveals that for this group, having a mortgage may be a considered and deliberate investment strategy. Sixty-seven per cent of those who have a mortgage indicated they have the cash available to pay for their home in-full. "The notion [...]
Making a will is a sensible and worthwhile task that everybody, whatever their age or financial status, should do. However there are some special reasons why Canadian woman should make a will of their own: • Women usually live longer than their husbands, so it's a good idea for each of you to have your [...]
Low interest rates stimulate home purchase, mortgage debt reduction, optimism Canadians are reducing their mortgages by negotiating lower interest rates, making lump sum pre-payments and repaying their mortgages at, on average, two-thirds of their contracted amortization periods. This has created an attractive landscape for new homeowners, as historically low interest rates have attracted increasing numbers [...]
The Canadian mortgage market rests in a delicate balance: CAAMP Housing activity high in three major markets; while most of Canada experiences slowdown First time home buyers continue to enter the Canadian housing market in substantial numbers, encouraged by low interest rates and acting in response to their own favourable economic circumstances, according to the [...]
https://www.youtube.com/watch?v=dupUQz_kzWw Renovation Mortgage - Purchase plus improvements Source: Genworth Canada
Housing starts in Canada were trending at 183,515 units in April compared to 184,602 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “In April, the trend in housing starts was essentially stable at 183,515 units. [...]
Canada Pension Plan Are you one of millions who wonder how your CPP contributions are invested? This is the year to find out. On June 9, 2014, the Canada Pension Plan Investment Board (CPPIB) is inviting Canadians to join their “electronic town hall”, an interactive webcast to hear about the organization's most recent financial performance, [...]
Borrowed Down Payment At Genworth Canada, they understand that sometimes saving the required down payment for a new home can be challenging. Genworth Canada Cashback Equity/ Borrowed Down Payment mortgage insurance program helps make it possible for you to start building equity in your own home without having to save for years. Acceptable Loan [...]
It would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand. Ottawa did away with Canada Mortgage and Housing Corp .-insured 100 per cent financing back in 2008. Home buyers with few [...]
