When the U.S. Federal Reserve moves its benchmark interest rates, Canadians feel the reverberations in more ways than one. Though not a sure bet, a U.S. interest rate hike this week – the first in nearly seven years – would signal the world’s largest economy is back in business That would be good news for
Canadian existing home sales rose 0.3 percent in August from the previous month, as the lowest mortgage rates since at least 1973 stoke demand. Sales rose to 42,965 units last month, holding at about the five-year high set in May, the Canadian Real Estate Association said from Ottawa Tuesday. The housing market is holding up,
What is a Monoline Lender you ask? First national, Street Capital, MCAP, Merix, Canadiana… who are these players in the mortgage world & why should you know about them? The previously named lenders & many more like them make up a large chunk of mortgage origination in Canada. They are called monoline lenders & today
