Blog by Kevin Wong
After Decades of Stoking Mortgages, Ottawa in a Mess of its Own Making
August 14th, 2013It has been a no-brainer for the banks. The program was so popular that lenders had used up nearly 80 per cent of this year’s available government guarantee by the end of July – even as the real estate market slowed.
But the episode highlights a troubling upshot of the real estate boom.
The federal government has had a major role in stoking the rapid expansion of mortgage credit i ...
July Home Sales Highest Since 2009
August 14th, 2013CMHC Cap on Mortgage-Backed Securities to Raise Home Costs, Cool Market
August 7th, 2013Mortgages for Metro Vancouver’s prospective homebuyers could become more expensive to obtain as Canada’s national housing agency moves to limit the amount of mortgage-backed financing it is prepared to guarantee for mortgage lenders.
Canada Mortgage and Housing Corp. has notified mortgage lenders, including banks and credit unions, it will restrict each of them to a maximum of $350 ...
July Home Sale Activity Increases in Greater Vancouver
August 2nd, 2013The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,946 on the Multiple Listing Service® (MLS®) in July 2013. This represents a 40 ...