Tag: canada
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Canadian Banks Begin Circumventing Mortgage Stress Test
A new mortgage stress test? Don’t bother me with those peasant details. After Canada’s property bubble attracted global criticism, they announced tighter mortgage lending. On April 8, the Office of the Superintendent of Financial Institutions (OSFI) said they would make the stress test harder. By the following Monday, the first bank launched a pilot mortgage…
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Multifamily is a Hot Commodity for Investors – Here’s Why
As of April 2021, multifamily apartment buildings are experiencing a strong level of demand from investors. With many questioning if this is a blip on the radar or a sustainable trend, I want to break down what drives demand for multifamily apartment buildings from investors. Investor Interest Spikes During the Pandemic We have seen a…
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April Bank of Canada Announcement!
Your Bank of Canada Announcement Your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from us on the recent Bank of Canada announcement. Bank of Canada Maintained Overnight Rate! As of 10AM on April 21st, 2021, the Bank of Canada has maintained…
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Pierre Poilievre Breaks down Canada’s Debt
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Guest Post by Don Campbell
Sorry, I love my country, and I am concerned. I know many Canadians are obsessed with the mess that is going on in the US. US news, this. US news that. I get it, there is a feeling of detachment that comes from watching them – it’s like a 24 hour a day CNN fuelled…
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The Future According to ReMax
Remax recently shared their opinion of 2020 in many of Canada’s real estate markets. Their outlook for 2020 is rosy. Some of the more bearish amongst us may not be buying the positive outlook. However, us real estate investors are eagerly anticipating these nice, steady bumps. Of course it must be mentioned (for some); This…