Competition in the Canadian Mortgage industry
The following is a summary of some important points we have drawn from the above article which was produced by the Bank of Canada. It is important to note that this article was produced with the intent of identifying ways that Bank of Canada’s monetary policy would have a greater impact on Canadians. In short, […]
Common Costs of Owning a Home
The great thing about purchasing your very first home is that you can stand in the middle of your backyard or on your balcony and scream at the top of your lungs, “I’m a home owner!” Well don’t yell that loud, your neighbours might call the cops instead of ringing your doorbell with a freshly […]
CMHC Announces it will be Rationing Mortgage Backed Securities
Yesterday we posted an article on our Facebook page discussing the next attempt to slow down Canada’s housing market. The Government of Canada, through its wholly owned Crown Corporation CMHC, has decided to begin limiting the dollar amount of mortgages Canada’s Mortgage Lenders will be able to have guaranteed by the Canadian Government. This newsletter […]
Changes In The Canadian Mortgage Industry?
Over the last decade house prices in Canada have doubled and the market continues to grow. The demand for property is illustrated by the fact that there are 173 sky scrapers being built in Toronto, the highest number in North America. New York, with nearly four times the population, has only 96 under construction, while […]
Cannect Mortgage Investment Corporation: #1 Reason to Invest
Is it time to Invest with the Cannect Mortgage Investment Corporation? Here is the one of the best reasons why now is the time. Get in touch with today
Cannect and CBC News: How Can You Access Monetary Stimulus?
Should You Rush Into a Variable Rate Mortgage? Variable Rate Mortgages are much worse than they were 2 weeks ago. Regardless, if you or someone you know is in a fixed rate mortgage with a rate greater than 3% it might still be time to consider switching to a variable rate. Why? So, why are […]
Breaking Your Mortgage Made Easy
This process can get confusing without the help of a Mortgage Agent. Working with MorCan Direct will provide you with access to some tricks to reduce these penalties and keep your mortgage lender in check when they are calculating penalties. The number one way to save the most money on your mortgage is to stay […]
Do you Borrowing Costs Are Increasing? Do you Know Why? How to Borrow Smartly
However, with a looming trade war and a Canadian borrower who is now feeling the effects of new policies enacted by the Liberal Government that are giving consumers little choice when it comes to refinancing or renegotiating their mortgage, should we take a pause? Economists are pricing Wednesday’s rate decision at an 80% chance of […]
What is Balance Sheet vs. Non-Balance Sheet Check it out now.
Embarking on a journey to financial literacy requires a clear understanding of the fundamental tools that drive financial decision-making. Among these, the concepts of Balance Sheet and Non-Balance Sheet items stand out as crucial elements in assessing the health and performance of an organization. In this blog, we’ll delve into the intricacies of Balance Sheet […]
Balance Sheet vs. Non Balance Sheet Lenders
If you’re thinking of going with a traditional bank for your home loan, I have some surprising news I think you’ll want to know before you decide. You see, any chartered bank in Canada is known as a “balance sheet lender”. They’re called this because your home loan is on their books as an asset. […]
