Oriana News
- May 08, 2017
Terence Corcoran: Home Capital Group didn’t just fall from the edge of a cliff — it was pushed
Financial Post ~ May 2nd, 2017 By now most Canadians have likely seen the Home Capital Group Inc. stock graph, a Rocky Mountain plunge that began April 19 at $22 before hitting bottom a few days later at $6, wiping more than $1 billion off the value of one of Canada’s most successful non-bank mortgage lending enterprises. In the inevitable media aftermath, Home Capital has morphed from an alleged local corporate scandal into a potential trip wire for a major meltdown in ...
Read More- Apr 28, 2017
Mortgage rates continue to defy expectations as Trump runup fizzles
Globe and Mail ~ April 26th, 2017Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.Mortgage rates blasted off after Donald Trump’s presidential win last November. The narrative back then was that he’d trigger higher inflation and borrowing demand and potentially exacerbate credit risk – all of which are rocket fuel for interest rates.But since then it’s been anti-climactic. The Trump-inspired runup ...
Read More- Apr 20, 2017
Wynne lays out plans to cool Ontario's sizzling housing market
CBC ~ April 20th, 2017The province introduced plans this morning aimed at cooling Ontario's surging real estate and rental market, with the goal of making housing "fairer and more affordable."Premier Kathleen Wynne said it's hoped the 16 measures will curb housing costs that are rising "way faster than people's paycheques.""It's about helping people to be able to buy a home, to be able to rent a home or to stay in the rental home they're in," she said.Many of the measures were reported earlier ...
Read More- Apr 05, 2017
Ontario hints at measures to cool real estate market in the budget
Mortgage Broker News ~ March 27th, 2017Ontario hints at measures to cool real estate market in the budget Finance Minister Charles Sousa says the upcoming spring budget will include a package of measures dealing with housing affordability.The Liberal government has promised measures to help curb rising home prices in some markets, particularly in the Greater Toronto and Hamilton Area.Speculative investing in the real estate market _ buying a home in the hope of turning a profit rather than to ...
Read More- Mar 22, 2017
Mortgage gap created by the posted rate leaves homebuyers with a decision to make
Financial Post ~ March 22nd, 2017Call it the gap between what you have to pay and what you can afford to pay — it’s going to be considerable when you qualify for your next mortgage. Now the question is what should you do with that money?Ottawa tightened mortgage rules in October and the one requirement that has disrupted the lending world is the stipulation that consumers qualify based on the Bank of Canada posted rate for a five-year fixed-rate mortgage.That rate — it’s ...
Read More- Mar 10, 2017
Millennials: Is buying a home in your 5 year plan?
Financial Post ~ February 24th, 2017Buying a home is one of the largest and most important investments you’ll make in your lifetime; home ownership is still the single largest source of savings for Canadian households, as every payment you make builds equity. If you’re hoping to purchase a home in the next five years, or sooner, there are some key steps you should take to ensure you’ll be able to reach your goal of home ownership.Know your current credit score and improve ...
Read More- Feb 25, 2017
When it comes to your mortgage, don't forget to consider the term
BNN ~ February 20th, 2017OTTAWA -- You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is the term.A majority of borrowers opt for a five-year mortgage -- about 54 per cent according to Mortgage Professionals Canada -- but experts say homebuyers need to consider how long they want to commit to when it comes to their loan.James Laird, co-founder of interest rate-comparison ...
Read More- Feb 17, 2017
Mortgage Rates Are Trending Up - Should You Worr
Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...
Read More- Feb 17, 2017
Mortgage Rates Are Trending Up - Should You Worr
Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...
Read More- Feb 17, 2017
Mortgage Rates Are Trending Up - Should You Worr
Forbes ~ February 14th, 2017Unless you plan to buy your home with cash (lucky you!), it's important to know what's going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won't stay this way forever, let's take a moment to learn what rate hikes could mean to you.Should you hurry to buy a home?When rates start to ...
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