Tag: mortgage paydown
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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…
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The Revival – August 2020: Privates and Joints… Wait, what?
This week on social media, I’ve seen headlines like – “Tiny Toronto House for $1 Million!!” + “Toronto’s Real Estate Rising Fastest” and TRREB released their July Sales Data showing the housing market’s unbelievable resiliency. Increasing asset prices combined with a sluggish economy (due to the haphazard, government-imposed, COVID response) doesn’t seem like a great recipe for getting your foot in the…
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Toronto Market Stats – June 2020
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Toronto Stats – May 2020
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The Revival – June 2020: 1 Year Anniversary with Financial Figures
This month marks the 1-year anniversary of one of our joint venture projects. So I thought I would share a little breakdown of the project and our returns. This property is a 50/50 co-venture and is currently operated as a student rental property in Peterborough, ON. We purchased this home in May of 2019.…
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April 2020 Stats – Toronto
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Guest Post – Dalia Barsoum (Streetwise Mortgages)
Dalia Barsoum is an award winning mortgage broker and founder of Streetwise Mortgages. She is a mortgage specialist with a focus on investors and their portfolios. See her market update and her perspective on appraisals (from May 2020) below and follow her on social media!
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Guest Post – Marshall Tully (Mortgage Broker) – Deferrals and More
By Marshall Tully – Mortgage Broker Check him out HERE Or BOOK A CALL Mortgage Deferrals and 10 more timely tips I hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many Canadians are feeling the financial pressures mount as we work together to…