Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Real-estate and Housing – Safe or Slipping?

Before you start reading too much between the lines and try to dig deeper into the contradictions of the predictions – something is very clear – There will be no housing garage sale in the summer of 2013. Yeah! Some multi million dollar mansions may sale for

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What is in the hat of 2013– Mortgage and real estate Forecasts

Forecasts are like juicy gossips. Those chatters have a probability of less than 50% to come true. Whatever the cases are those talks give us some ideas to engage with others in a conversation. This holiday season finance was one of many topics of discussion. Often, the

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New regulation will cost Canadian housing – Dunning

The fall edition of CAAMP survey report is out. This is an excellent piece of free information made available by Will Dunning, via CAAMP. A clear market trend forecast together with mortgage related statistics – this is a gold mine for someone who is looking for some

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Canadian Overnight Rate (BoC Rate) Forecast

Many things have changed since last time we looked at the interest rate outlook from big Canadian banks. After comparing the current reports and reports published about a months ago, we do not really see much have changed. Practically there is no call for BoC to raise

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How to Prepare for Falling House Prices

There have been a lot of attentions on the slippery slope our house prices are taking. Few recent news releases added fuel to the fire. A research Firm, Capital Economics, recently suggested that in coming year the housing market will shed about past three years gains. The

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Mortgage Refinancing and Home Equity Takeout – Outlook

Early last year about one-in-five mortgage borrowers were taking out equity from their homes. On an average they took a bit more than $40,000 off their homes for various reasons. Many went for a fresh new mortgage and some preferred to get a second mortgage or even

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Canadian Interest Rate Forecast – No Clarity Yet

Each Institution has its own reason justifying why their Bank of Canada overnight lending rate forecast appears their way. Clearly no single forecast matches another. These forecasts are prepared by qualified persons and each of them defines the word “risk” in their own fashion. BoC rate and

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Future of overnight interest rate

Overnight lending rate is the rate generally set by Bank of Canada. Big banks set (generally speaking) their prime rate 200 basis points above the BoC rate. In Canada weather is very unpredictable. Fortunately to accompany Canadian weather – financial forecasts are catching up. They change just

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House Prices – Will It Fall? If Rates Go Up?

In simple word – Not so much. There are few recent studies suggesting that the low mortgage interest rate in Canada is driving house prices up. A look at this statement would remind a reader that – what goes up – comes down. If it is a

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Looking to lock in? You are not alone. How to decide?

Increasing number of Canadians are looking to lock in these days, said CIBC. Fixed or Variable? This remained an important question for more than 8 million Canadian. The answer depends on many Chrystal Ball factors. A risk analysis can only tell you the risk and a look

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Overnight rate (Banks of Canada) Outlook

It has been a while we looked at the future rate forecasts by various lenders. Now is a good time to update our outlook. As of today we certainly can start writing an article – to be published on 8th March, 2012, – headline will read something

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Mortgage rates and trends

Once upon a time people used to save money to buy house. Then came a time when people started to borrow money to buy house – using the same house as a collateral. Now is the time where the economy will stall if people stop borrowing and

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