Today, CAAMP released its fall consumer report, Annual State of the Residential Mortgage Market in Canada. The report indicates that the majority of Canadian homeowners are still comfortable with their mortgage debt levels; however, it also identifies weaknesses in the mortgage market that could affect Canada’s economic recovery. Here are some of the significant/interesting stats… Continue reading CAAMP Releases Annual Consumer Survey Report
Monitoring abusive condo owners
Back in August, a decision was released on York Condominium Corporation No. 137 v. Hayes, which involved a condo owner who was verbally and physically abusive to other residents in the building. The condo board was attempting to have Hayes removed, and had applied to the court to have her forced to sell her unit… Continue reading Monitoring abusive condo owners
Mortgage Monday Rate Update
Yup, it’s time for another monthly rate update. Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on… Continue reading Mortgage Monday Rate Update
Inspecting the inspectors
Jeff Lem is a well-known real estate lawyer in Toronto. He wrote this article a couple of weeks ago for the Law Times, and it caught my attention: the province of Ontario is looking at bringing in regulations for home inspectors. Currently, only British Columbia (in Canada) regulates and licences home inspectors. While there is… Continue reading Inspecting the inspectors
Understanding Your Credit Report
Article courtesy of Genworth Canada. A credit report is a history of how consistently you pay your financial obligations. It is created when you first borrow money or apply for credit and is built over time. The companies that lend or collect money or issue credit cards (banks, finance companies, credit unions, retailers, etc.) send… Continue reading Understanding Your Credit Report