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June 12, 2017    Jobs an indicator of healthy economy
Despite mortgage rule changes, despite a housing market that seems to stymie the analysts, despite headlines that continue to volley back and forth between housing crashes and housing growth, and despite ...
May 8, 2017    Service comes with a cost -- how to reduce those pesky fees
There are far too many fees that we know of and even a few more that we are not aware of that are just added to our accounts. If you hate those fees, and who doesn't, then here are a few ways you can ...
April 19, 2017    Bidding Wars -- Cause or Effect?
What was once the phenomena of the two, major urban centres --Vancouver and Toronto -- has now bubbled over to smaller cities and communities within commuting distance of the big two. Bidding wars are ...
January 24, 2017    Buying homes in the millennial age
Late last Fall, Mortgage Professionals Canada (MPC) polled 2000 Canadians -- 540 were millennials (18-34-year-olds) -- across the country to get their feedback about the mortgage industry, mortgage brokers ...
December 30, 2016    10 crystal ball predictions for 2017
We are living in uncertain times..again. So, what can Canadians look forward to in the upcoming year -- the unpredictable, for sure; however, there are a few trends we can pretty much bank on -- maybe. ...
November 17, 2016    The Trump effect on Canada
It's been a week since Donald Trump was elected President of the U.S. and so far, we have seen markets react in typical jittery fashion. On the night of the election the market started to fall when it ...
October 5, 2016    A new world view -- the impact of the Millennial generation
The world has changed dramatically over the past eight years since the Global Recession hit in 2008. The biggest change and one that will have the biggest impact to future economies is the changing demographics ...
August 26, 2016    The state of the mortgage industry
Perhaps it's just that I am feeling a little nostalgic today or perhaps it's the Toronto heat and humidity starting to get to me, but I was curious to see just how far we, as a mortgage industry, have ...
August 3, 2016    The impact of BC's foreign tax
There are a lot of unknowns regarding BC's decision to tax foreign home buyers, a requirement that took effect this week. The impact on the market was immediate. Real estate agencies, mortgage brokers, ...
July 6, 2016    Diving deep into Canada's housing market
Recently, Finance Minister Bill Morneau said he would "deep dive" into Canada's housing market to find out what's really affecting record-high prices, arguing that if the government is going to make ...
June 24, 2016    The Brexit Vote
Written by Mark Kerzner, President, TMG The Mortgage Group For the last few weeks we have been seeing flashes of news stories on the upcoming BREXIT vote, and this morning we have seen the results. Britain ...
May 26, 2016    Millennials need help with home ownership
Recent reports from two of Canada's major banks - CIBC and ScotiaBank - offer a glimpse into the world of millennials and home ownership as well as the impact of the Internet on mortgage hunting. Bottom-line: ...
May 2, 2016    Canada set to grow in different ways
The Canadian economy is poised to grow again, but in a very different way according to the Bank of Canada's (BoC) recently-released Monetary Policy Report. The BoC expects global economic growth to strengthen, ...
March 16, 2016    A sobering look at the economy
Everyone is waiting for the Liberal government's new budget on March 22. Prime Minister Justin Trudeau has promised to run deficits in the coming years because billions will be spent on projects like ...
March 2, 2016    You can be mortgage-free
Housing market activity continues to be an important driver of the Canadian economy. Housing activity creates jobs in the construction and real estate industries, and trickles down to impact the many ...
February 17, 2016    What is happening to Canada's housing market?
Well, that depends on where you live. But first, let's look at the economic big picture. Oil prices are the lowest we have seen in decades - oil is currently trading around $29 a barrel. Why has ...
January 13, 2016    Negative interest rates and you
I have a great deal for you - give me $100 and I will give you back $99. No? Well, that would be the result of a negative interest rate scenario The Bank of Canada's (BoC) Stephen Poloz has alluded ...
December 14, 2015    New down payment rule change - will it affect you?
What a difference a week makes. The new Liberal government is making its voice heard loud and clear with respect to the Canadian housing market and its concerns about an overheated housing market in ...
November 30, 2015    TMG Brokers are a Giving Group
We are living in a volatile time. Every day there seems to be an economic or geo-political eruption somewhere in our ever-shrinking world. Even though our attention is fixed elsewhere, there are many ...
November 24, 2015    The Habits of a First Time Homebuyer
The housing market generates a lot of economic activity in Canada. Not just home selling and buying and construction but also for those industries connected to housing such as legal services, moving ...
October 28, 2015    Proud to be named Vice-Chair of CAAMP
Friends: I remember the first CIMBL (precursor to CAAMP) conference I attended 16 years ago. As a newly-minted mortgage executive I recall an excitement, enthusiasm and a sense that we were all learning ...
October 20, 2015    Consult a mortgage professional for sound mortgage planning
The housing market has dominated the headlines over the past years. Rumours of rate hikes have never materialized. The market didn't crash. Prices continue to increase in large urban centres. Despite ...
September 23, 2015    Canadians seem to love debt
Canadians have a growing love affair with debt. Household debt hit a new record in August as consumer spending jumped 2.3 % in the second quarter of the year, despite the fact that we are also in a recession, ...
September 8, 2015    Don't get caught up in the headlines
Despite what seems like a focus on statistics that creates fear in the media, Canadians are still making their mortgage payments, while enjoying the cheapest borrowing environment in history. Not that ...
August 24, 2015    Housing slow down heralding a more balanced economy
For the past four years economists have been warning us of a slowdown in housing activity, of lowered house prices and of interest rate increases. None of which have come to pass, until now, with the ...
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