Tag: financing
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4 Tips When Managing Your Portfolio (or in a Downturn)
Is there a correction or crash coming? The CMHC head has repeatedly stated his fear that there is. Conversely, we are equally confident (and putting our money where our mouth is) that values will continue to go up. However optimistic we are though, it is always a good practice to prepare for downturns through strategic…
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Be an Asset Collector
BE AN ASSET COLLECTOR! Advice for young investors just getting started… If you don’t know what niche you plan to follow to start building wealth (and even once you do), start collecting low overhead assets. Meaning, assets that don’t cost much to hold onto long-term. Got some extra cash? Go buy some physical gold or…
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Monthly Stats – Sept 2020 Toronto
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The Revival – October 2020 Newsletter
Greetings Friends, As most people are getting swept up in Fleetwood Mac’s Dreams and swigging cranberry cocktail, I’ve recently begun watching Game of Thrones. I know, I know, I’m late to the Game. But I’ve never been much of a TV trend follower. In the show there is a common, dread-filled refrain: Winter is coming. Even though there…
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The Revival – September 202O: Inflating Oppression
Greetings Friends, After being away for a few weeks with dear friends, at a serene cottage on Soyer’s Lake – Haliburton, we are back to the beat + driving forward into the fall market and the new school year. With all of the strange changes that have been heaped upon us this year, we are…
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Posthaste: Five really weird things about Canada’s roaring housing market | Financial Post
Aug 18, 2020 by Pamela Heaven According to BMO senior economist Robert Kavcic, during the pandemic recession, the performance of the housing market has been surprising. Based on the data that was shown last August 17, 2020, Canada’s housing market surged in sales at 26% beating the records in July. “In fact, this has shaped…
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Real estate industry experts question CMHC’s ‘bizarre’ move
On July 1, Canada Mortgage and Housing Corporation (CMHC) tightened its underwriting policies for high ratio borrowers, including increasing credit score requirements and lowering debt servicing limits. CMHC is, of course, a Crown Corporation, but there are private mortgage insurers, Canada Guaranty and Genworth Canada, that did not follow CMHC’s lead. The result is CMHC…
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Guest Post: Deferral-gate? (by Ephraim Vecina)
Originally posted here. A housing inventory surge will likely precede a predicted arrears spike once payment deferrals end, according to a Better Dwelling analysis. With the total balance of mortgage payment deferrals reaching $247 billion as of the end of the second quarter, Canadians have come to heavily rely on lenders’ deferral options to stave…
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Mandatory Registration for Toronto Short-Term Rental Units
Short-term rental operators in Toronto who rent out properties for periods of less than 28 days will have to formally register with the City of Toronto starting September 10, 2020, to keep operating in the city. The new online registration system is part of a broader effort to better regulate short-term rentals across the city,…
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Update: Mortgage and Mortgage Deferrals
Originally Published by Canadian Mortgage Trends. “Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and a sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appear to be telling a different story. That cliff is looking more like a “slope,” according to…