Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Full effect of mortgage tightening is yet to come – CAAMP

Rate Type Situation - by - Age Group in Canada

According to a report published by CAAMP – housing industry was a major player in the Canadian economic recovery from the last recession. Government intention to slow the market took its toll already but the full impact is yet to be felt – according to Will Dunning,

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First Time Home Buyers – How they shop for mortgage

Income of the first time home buyer

CMHC has published its First Time Home Buyers Survey. It is full of useful information for the mortgage professionals. That does not mean that a home buyer can not gain form it. It is very useful to understand the mindset of a first time home buyer. Who

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How comfortable are Canadians with their debt

State of mind - About Debt in 2013

A recent RBC poll reported that Majority of Canadians have reported a reduction in their debt. 62% of Canadians were able to lower their debt this year compared to last year. The same poll also said that the average debt went up this year compared to 2012.

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The Future of Credit – your generator of borrowed money

Loan applications start with some major ingredients – access existing credit is one of those. Existing trades (Like credit cards or LOCs) writs your history of credit handling. We live in the days of borrowed money. Even the frugalest of all has debt. No matter how they

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What the brokers are thinking about lenders

Mortgage brokers deal with many lenders in their day to day business activities. Some they hold dear to their heart and some are just business partners. CMP runs this survey every year and the results are out. Interesting facts: 21% brokers think commission will go down in

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Did you know that your wife wants to text more than you?

An interesting poll from Ipsos shows that girls like to text more than boys. In North America the main use of cell phone is for making calls. Young generation like to send more texts then older generation.

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How our kids rate us financially

I wonder what impression an early teen has about his/her parents. Some old sayings are – at this age they start to think that my friends’ dad is smarter than my own (It could be wrong). That could be different from kid to kid and dad to

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Canadians are saving at an accelerated pace – Survey

According to a survey conducted by BMO shows that 23% of Canadians are living paycheque to paycheque in 2013. These 2013 number are somewhat comparable to the 2012 but shows a huge improvement over 2011 survey.

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For many Canadians Debt Freedom will never come – CIBC

 As the borrowers grow old – they slowly come to this realization that the debt is here to stay, says a poll conducted by CIBC.

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Canadians Are Paying Their Debt Down But It Keeps Adding Up – Survey

More than four in five Canadian have debt, says a survey published by BMO – Bank of Montreal. In 2012 only seven in ten had debt but it went up by 15% in 2013. Mortgage is one of the main sources of debt for Canadians. More than

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Finances in the bedroom – A not so hot topic

In a relationship – be it a new one or the long lasting one – there are many baggage, finance is one of them. Talking about finance with the partner is not the most romantic topic but could prove to be a big problem if you do

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I don’t need a Mortgage Broker – Borrowers mindset

Canadians are as usual more concerned about their neighbours’ debt than their own – that is the findings of recent CAAMP survey. More than eighty percent of the people agreed that they are comfortable with their loan to value ratio. To put things into perspective – CMHC

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