Toronto and the Greater Toronto Area have one of the strongest, most resilient real estate markets in North America. With consistently strong year-over-year gains in property prices, Toronto real estate is …
The Canadian economy remains robust, with the unemployment rate falling to 5.4%, its lowest point in the modern era. According to Statistics Canada, the Canadian economy added almost 28,000 jobs in …
Despite a strong economy and relatively low mortgage rates, the idea of home ownership is slipping away. That’s because strict lending rules and a lack of innovation from Canada’s big banks …
Homeownership is slipping out of reach for more and more Canadian homebuyers. And the reason is simple. The new mortgage stress test. At the start of 2018, the Federal government implemented a new stress test to ensure home buyers could …
The Federal government implemented a large number of strict lending rules in an effort, it said, to ensure the housing market remained stable. In addition to reducing the amortization period and eliminating down payments of zero, they also introduced a …
Because of high housing prices and strict lending rules, home ownership is out of reach for a growing number of Canadians. In its latest budget, the Federal Government attempted to address …
A perfect storm of rising interest rates, tougher lending rules, and lack of homes in the Greater Toronto Area is turning the dream of home ownership into a nightmare for potential homebuyers. That’s why more and more people are turning …
There are many reasons why people are attracted to Toronto and the Greater Toronto Area: strong economy, jobs, vibrant arts community, and cultural diversity—to name a few. However, a growing number of people …
More and more people are choosing to buy homes in the Greater Toronto Area, and it’s not just because it’s the biggest city in Canada with lots to do. Toronto has a booming economy, employment is growing, the region’s economic …
Whether it’s because of the region’s economic prosperity, infrastructure, robust housing market, or any other number of reasons, a growing number of couples and families are choosing to buy homes …
Mortgage Investment Corporations (MIC) can help home owners tap into the equity they’ve built up in their home to pay off higher interest-bearing debt. One of the most popular ways to access home equity is with a home equity loan. …
Because of strict lending rules at Canada’s big banks and lending institutions, higher quality borrowers are turning to mortgage investment corporations (MIC) to secure their loans. Having only dealt with traditional lenders in the past, many borrowers are pleasantly surprised …
Mortgage Investment Corporations (MICs) are secured by real estate-backed mortgages provide investors with above average returns. Thanks to the way MICs are structured, they provide investors with a number of tax breaks.
That said, not all MICs are created equal, …
High quality Canadian borrowers that used to be loyal bank customers, are now turning to Mortgage Investment Corporations (MICs) to secure loans. That’s because traditional lenders have implemented a large number of strict lending rules; they also make potential customers …
Canada’s real estate market is one of the strongest in the world, but Canada’s mortgage growth has fallen to its lowest level in nearly 20-years. Why? Stricter lending rules, higher interest rates, and areas with high real estate prices, like …
Stricter federal mortgage rules coupled with recent Bank of Canada rate hikes have put the brakes on home ownership for a growing number of Canadians. At least, it has for homebuyers that go to the big banks for their mortgages. …
Stricter lending rules, higher home prices, and rising interest rates are shutting out younger, first-time homebuyers. New mortgage rules have made it increasingly difficult for prospective first-time homebuyers to be able to afford a house.
According to a new report, …
The housing market remains hot in places like the Greater Toronto Area. While this is great news for those who own homes, it is making it difficult for those looking to get onto the property ladder. In fact, higher housing …
The Greater Toronto Area (GTA) has an illustrious history that is often overlooked by residents. Over the last century, this region has gone from city to mega-city, steadily evolving since being known as Muddy York.
Part of the GTA’s history are homes and buildings that have stood the...
Mortgage Company of Canada Supports Special Olympics of Ontario.
Toronto Police welcomes all to Law Enforcement Torch Run for Special Olympics 1pm Jun14/2018 40 College St. We're honoured to receive donations from BMO, RBC Capital Markets, CIBC, Forman Manufacturing Inc & Mortgage Company of Canada totalling +$40,000...