This is a very important question that the buyers are trying to answer for themselves. While 2017 was one of the worst years for Real Estate Investors on record, housing prices are continuing to recover. There are several reasons for it:
- First Time Home Buyers police enacted by government
Special to RateSpy, By John Bordignon, Capital Markets Consultant
Earlier this year, while calling for innovation in the mortgage industry, Bank of Canada Governor Stephen Poloz discussed the need for mortgages longer than five years. Longer-term mortgages, he explained, would benefit both consumers and the Canadian financial system.
More Canadians have started to turn to private lenders in search of mortgage financing. With mortgage regulations continually becoming stricter and tightening the lending gap, many would-be homeowners are being squeezed out of their dreams.
Private mortgages abide by a similar set of parameters as the ones commonly imposed by many banks. However, these par...
Mortgage lending conditions continued to ease in the third quarter of 2019, while non-mortgage lending conditions tightened, according to the latest senior loan officer survey conducted by the Bank of Canada.
Household lending conditions have been easing overall since the first quarter of 2018. Easing in mortgage lending conditions in th...