Hot housing markets in Vancouver and Toronto prompted Bank of Nova Scotia to ease off on mortgage lending in those cities, Chief Executive Officer Brian Porter said. “We’re a little concerned about housing prices in the greater Vancouver area and Toronto,” Porter, 58, said Tuesday in an interview on Bloomberg TV Canada. “We just […]
mortgage financing
Toronto House Hunters Fear Being Priced Out Of Market – Survey
Toronto real estate market is more competitive than ever, with home prices continuing to rise in major cities. In fact, a recent TD survey found 19% of new homeowners in cities such as Vancouver and Toronto listed their fear of being priced out of the market as a top consideration before making buying their […]
Making sense of your mortgage options
Shopping around for a mortgage can be intimidating, and when you’re never sure what little surprises life has in store for you, it’s a daunting prospect to have to select just the right mortgage for your situation. Yahoo Canada Finance spoke with two experts who help navigate the tricky world of mortgages, and offer […]
Household debt rises to another record in Canada
OTTAWA – Canadian household debt rose to a new record high in the fourth quarter of last year in 2015, fuelled in large part by mortgage growth. Statistics Canada said Friday that total household credit market debt, which includes consumer credit and mortgage and non-mortgage loans, increased 1.2 per cent to $1.923 trillion at […]
Mortgage Tips – Do You Lose Home Equity During Refinancing?
The real estate business can go from simple to complex for one homeowner in just a matter of years. It all starts with a decision to buy a home, then it goes to the mortgage process, and it ultimately lands either in owning the home, or in refinancing. If you are one of the […]
