Quiet mortgage rule change this month targets INVESTORS!

There you have it folks! The Banks and Canadian government are conspiring to completely level the GTA housing market! Effective this month, TD and RBC banks will calculate the FULL utililized limit of Home-Equity Line of Credit (HELOCs) as part of the Income to Debt calculations for second mortgages and rental properties, which basically means … Continue reading Quiet mortgage rule change this month targets INVESTORS!

Bank of Canada (BOC) RAISES short-term rates 25 bps

Hi folks! What a difference a year makes! Not a surprising move, but a huge difference with short-term rates from last year, the BOC has increased the overnight lending rate to 1.75% by 25 basis points with a normalizing neutral  ("home") rate of 2.50-3.50% in order to achieve their inflation target!  Also the tone set … Continue reading Bank of Canada (BOC) RAISES short-term rates 25 bps

Hubris in Stock market, will it affect Housing?

  Happy New Year folks~! Wishing your family a year full of love and happiness! Since it is the beginning of the year in 2018, it is always good to reflect on what's happened and take an outlook at the rest of the year ahead, so let's begin... Something i've been noticing (since I daily … Continue reading Hubris in Stock market, will it affect Housing?

GOOGLE city coming to GTA!!!

' ('An artist's rendering of the transformed Queens Quay and Jarvis area after its high-tech makeover. Image courtesy of Sidewalk Labs.') Hi Folks! 2 Great News from this past week came out regarding Housing in GTA area this week! GTA EAST WATERFRONT AREA WILL BE REDEVELOPED INTO THE NEXT TECHNOLOGICAL HUB! WITH GOOGLE!!         Google and … Continue reading GOOGLE city coming to GTA!!!

Real-estate reform: 4 things you need to know about Ottawa’s overhaul yesterday

  The federal government is throwing some cold water on Canada’s overheated housing market, hoping to keep Canadians out of unaffordable debt and slow down foreign investment in Toronto and Vancouver’s real-estate markets. Here’s a guide on what has happened so far, what it means and what’s next. What’s changing? On Monday, Finance Minister Bill … Continue reading Real-estate reform: 4 things you need to know about Ottawa’s overhaul yesterday

BREAKING NEWS: Bank of Canada leaves overnight rate unchanged @ 0.50%

Last Updated Wednesday, October 21, 2015 10:03AM EDT OTTAWA - Canada's central bank leaves its key lending rate unchanged at 0.5 per cent. The Bank of Canada has already lowered the rate twice this year, in January and July, in an effort to stimulate the economy and offset some of the impact from a collapse … Continue reading BREAKING NEWS: Bank of Canada leaves overnight rate unchanged @ 0.50%

Canada’s economy shrinks for fifth straight month

Well I guess this isn't surprising, with oil falling, weak exports, unemployment neutral to rising, high household debts, interest rates falling, the Bank of Canada is on the defensive with loosening monetary policy, so it's no wonder why our economy contracted. The interesting point here is that borrowing money is incredibly cheap here with variable … Continue reading Canada’s economy shrinks for fifth straight month