Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]
Toronto Mortgage Posts
Learn from the anatomy of a housing bubble
Every 20 years or so, investor dementia sets in. Memories are wiped clean, allowing individuals to make the same mistakes over and over again. It doesn’t matter if it is real estate markets, stock markets, commodity markets, or tulip markets (I’ll get to this later). They are all the same. Why? Because markets are a reflection […]
Canada’s banks sound the housing bubble alarm, finally
After years of pumping money into the country’s frothiest housing markets, Canada’s big banks are suddenly—and alarmingly—nervous about the debt-fuelled monster they’ve helped to create. In the span of a few days this week and last, several big-bank CEOs and chief economists let loose a flurry of warnings about surging home prices in Vancouver […]
High-risk world of syndicated mortgages
Hundreds of investors sank $16.9 million into a syndicated mortgage on a high-profile Barrie development that had been marketed as secure, high-interest paying and RRSP eligible. For ordinary consumers looking to boost their retirement savings, the sales pitch by the mortgage brokers who raise money for Fortress Real Development projects was compelling. It hasn’t […]
7 best kitchen improvements under $500
When it comes to upgrading the kitchen, there seems to be no shortage of things on our wish list. And between mentally updating the refrigerator, the countertops or flooring, our imaginary budget is already blown. Rest assured that even a modest budget of $500 could be used to instantly improve the look of your […]