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 […]
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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 […]
How Canadian Budget 2016 affects real estate
Reading between the lines, you can’t blame a would-be homebuyer for hoping for a bit of help. Sadly, it didn’t come in the Liberal’s first budget. At least, not yet. And those two little words say it all. That’s because Budget 2016 is packed full of promises and nebulous possibilities when it comes to […]
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 […]
When to Pay Off Your Mortgage
Wouldn’t’ it be nice to be living without any debt or financial liabilities? It would surely give someone a whole lot of peace of mind, particularly those who are nearing their retirement. Experts advise that it is generally best to go ahead and pay off your mortgage loans before retirement, but only after weighing […]
