Welcome guest.  ( Sign in )

Is It Time to Cash in? ... Before its to late?

June 3, 2016 - Updated: June 3, 2016

If you were thinking of buying then this article will interest you. The banks are cutting back on lending. If you would like to know how much your monthly mortgage payments would be then try our Mortgage calculator.

 

Big bank reduces mortgage lending in two hot markets

It’s become harder to secure a mortgage from Scotiabank for homebuyers in Vancouver and Toronto. The lender’s CEO Brian Porter says that it has cut back its lending in Canada’s two hottest housing markets.

Expressing concern over high prices, Brian Porter told Bloomberg TV: “We just took our foot off the gas the last couple quarters in terms of mortgage growth… in terms of Vancouver and Toronto."

Bank of Nova Scotia is the latest of the big banks to announce a rise in funds it is setting aside for bad loans in the energy sector but Mr Porter said that, for residential mortgages, the bank is in a good position.

Click to see how much your home is worth in today’s market 

source: http://www.canadianrealestatemagazine.ca/market-update/big-bank-reduces-mortgage-lending-in-two-hot-markets-208208.aspx


Tagged with: mortgage lending overpriced
| | Share

History of Remembrance Day

Originally posted on: November 10, 2017
Last updated on: November 10, 2017
Filed under: remembrance day
Remembrance Day The national day to remember those who died in military service is observed across Canada each year on 11 November – t ...

New Mortgage Stress Test Rules

Originally posted on: October 18, 2017
Filed under: mortgage stress test
News Release For Immediate Release OTTAWA - October 17, 2017 - Office of the Superintendent of Financial Institutions Canada Today t ...

Google Makes Huge investment in Toronto

Originally posted on: October 18, 2017
Last updated on: October 18, 2017
Filed under: google investment investing toronto
Google's Sidewalk Labs signs deal for 'smart city' makeover of Toronto's waterfront The partnership between a U.S. urba ...

Happy Thanksgiving!

Originally posted on: October 6, 2017
Last updated on: October 6, 2017
Filed under: thanksgiving

The Difference between Mortgage Investment Corporations and Individual Mortgage investments.

Originally posted on: September 28, 2017
Last updated on: September 28, 2017
Filed under: mortgage mortgage investments investments
This is a great article if you are an investor or have been looking into investing. If you would like to speak with us regarding the article ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)