The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from January 1, 2020 to March 31, 2020. Read More Original Article Source Credits: Canada.ca , https://www.canada.ca/ Article Written By:  NA  Original Article Posted on : 2019-12-19 Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2019/interest-rates-first-calendar-quarter.html

Canada’s largest reverse mortgage lender posted record originations last year, with factors such as disappearing workplace pensions and stringent stress tests for borrowing pushing seniors to tap home equity in order to pay debts and fund their retirement. Read More Original Article Source Credits: O.canada, https://o.canada.com/ Article Written By: BARBARA SHECTER  Original Article Posted on : January 14, 2020   Link to Original Article: https://o.canada.com/real-estate/mortgages/reverse-mortgage-business-is-booming-in-canada-as-seniors-tap-home-equity-to-pay-debts/wcm/3ef17d55-fa74-436d-80b6-8238d903d0cf

After a disappointing 2018, when housing prices and sales declined, 2019 has been a year of resilience for housing markets across most of Canada. Not only did sales numbers stabilize and resume an upward climb, but prices also demonstrated some strength. Read More Original Article Source Credits: O.Canada  , https://o.canada.com/ Article Written By: HAIDER-MORANIS BULLETIN  Original Article Posted on :December 20, 2019 Link to Original Article: https://o.canada.com/real-estate/things-are-looking-up-for-real-estate-markets-heading-into-2020/wcm/703bee06-abbd-4d99-9aba-dac69fedfe61

Purchasing your dream home needs serious financing, so if you’re looking for a mortgage broker, you need to put in a sufficient amount of research to find someone that matches your expectations. You need to go through the reviews you find online and speak to people who’ve worked with them. At Homeguard Funding Ltd., we are confident about the services we provide and will not shy away from giving you references. Besides, we will be happy to tell you why we are the top name in the mortgage industry. We have been in the mortgage industry for thirty-six years and have numerous happy…

We can state this with confidence because we asked homeowners across Canada about it in the 2019 Mortgage Consumer Survey. We learned how lender and broker clients feel about the home buying process with their mortgage professional – and any key differences. Read More Original Article Source Credits  :  Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/ Article Written By:  NA  Original Article Posted on : December 16, 2019 Link to Original Article: https://www.cmhc-schl.gc.ca/en/housing-observer-online/2019-housing-observer/how-lenders-brokers-measuring

There was hope this would change when Equitable Bank entered the market to rival HomeEquity Bank in 2018. Now, at long last, competition is paying off. Equitable Bank has dropped its pants on interest rates. Read More Original Article Source Credits: The Globe and Mail  , https://www.theglobeandmail.com/ Article Written By: ROBERT MCLISTER Original Article Posted on :   DECEMBER 10, 2019 Link to Original Article:  https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-is-equitable-banks-new-reverse-mortgage-a-game-changer/

After a disappointing 2018, when housing prices and sales declined, 2019 has been a year of resilience for housing markets across most of Canada. Not only did sales numbers stabilize and resume an upward climb, but prices also demonstrated some strength. Read More Original Article Source Credits: O.Canada , https://o.canada.com/ Article Written By:HAIDER-MORANIS BULLETIN  Original Article Posted on :December 20, 2019 Link to Original Article: https://o.canada.com/real-estate/things-are-looking-up-for-real-estate-markets-heading-into-2020/wcm/703bee06-abbd-4d99-9aba-dac69fedfe61

Today, the Bank of Canada announced that it will hold interest rates steady as evidence shows that the global economy is stabilizing. Read More Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/ Article Written By: Deidre Olsen Original Article Posted on : December 4, 2019 Link to Original Article: https://torontostoreys.com/2019/12/bank-of-canada-rates-3/

Cell phone accounts work differently than a credit card or a line of credit. A cell phone is an open or “O” account, which means the balance has to be paid in full at the end of each month. Read More Original Article Source Credits: Canadian Mortgage Trends , https://www.canadianmortgagetrends.com/ Article Written By:RICHARD MOXLEY Original Article Posted on : NOVEMBER 25, 2019 Link to Original Article: https://www.canadianmortgagetrends.com/2019/11/how-your-cell-phone-can-keep-you-from-getting-the-lowest-mortgage-rate/

Buying a new home is already a stressful experience. With last year’s introduction of a mortgage stress test for all aspiring homeowners, that has only become more so.  Read More Original Article Source Credits: Financial Post  , https://business.financialpost.com/ Article Written By:  Nicholas Sokic Original Article Posted on : November 7, 2019 Link to Original Article: https://business.financialpost.com/real-estate/mortgages/mortgage-stress-test-first-time-homebuyers-and-retirees

Tighter mortgage regulations are making Canada’s housing market less risky, according to the government agency responsible for its oversight. Read More Original Article Source Credits:  BBN Bloomberg , https://www.bnnbloomberg.ca/ Article Written By: Chris Fournier Original Article Posted on : Nov 6, 2019 Link to Original Article: https://www.bnnbloomberg.ca/mortgage-stress-tests-boosted-canada-s-financial-stability-cmhc-1.1343941

Despite rock bottom borrowing rates, some Canadian real estate buyers are paying more. Bank of Canada (BoC) numbers show variable rates on residential mortgages made a big jump. Even with borrowing rates generally falling, variable interest mortgages are at a six year high. Read More Original Article Source Credits: Better Dwelling,  https://betterdwelling.com/ Article Written By: Daniel Wong Original Article Posted on : OCTOBER 17, 2019 Link to Original Article: https://betterdwelling.com/canadian-variable-mortgage-rates-are-rising-very-very-fast/

When you’re borrowing less, that premium is less,” Power says. “For the borrower, it becomes price minus down payment plus the mortgage insurance fees. That’s what they have to borrow. Read More Original Article Source Credits:  Edmonton Journal  , https://edmontonjournal.com/ Article Written By: JOSH SKAPIN  Original Article Posted on :  October 25, 2019 Link to Original Article: https://edmontonjournal.com/life/homes/new-shared-equity-mortgage-program-can-help-first-time-buyers-afford-home

While a conventional mortgage advances you funds in order to buy a house, a reverse mortgage is just the opposite: It advances you funds from the house you already own. In this era of declining pensions, increased longevity and costly long-term care, are reverse mortgages a godsend?  Read More Original Article Source Credits: Money Sense , https://www.moneysense.ca/ Article Written By: Alexandra Macquee Original Article Posted on : Nov 4, 2019 Link to Original Article: https://www.moneysense.ca/spend/real-estate/how-does-reverse-mortgage-work/

Canadian mortgage rates have been coming down and that has been a big boost to housing markets in recent months. With lower monthly costs, more people can afford to buy, and that’s probably the main reason home sales soared 24 per cent in Toronto and Vancouver in July. Read more Original Article Source Credits: Huffpost , https://www.huffingtonpost.ca Article Written By Daniel Tencer Original Article Posted on : 08/29/2019  Link to Original Article: https://www.huffingtonpost.ca/entry/mortgage-rates-canada_ca_5d654c27e4b0d2fa2db1e424 

Canadians are taking out mortgage debt, but at an unusually slow pace these days. Bank of Canada (BoC) data shows outstanding mortgage credit reached a new high in July. Mortgage growth is improving compared to previous months. However, this past July was still the slowest rate of growth for the month in over two decades. Read more Original Article Source Credits: Better Dwelling,https://betterdwelling.com Article Written By Daniel Wong Original Article Posted on : SEPTEMBER 3, 2019 Link to Original Article: https://betterdwelling.com/canadian-mortgage-growth-picks-up-but-is-still-the-slowest-in-over-20-years/

Gifting Real Estate to your Kids...Is it Worth it?   https://nyl.as/t1/134/bw1ovdbxq02j3s9m1ulvgxftx/4/9a7f39ac8a799f95591b61a16462b62a083196c968506adb4d5b14cf63ae7819

Chip Reverse Mortgage; Myth vs. Facts Reverse mortgages have come a long way. They have evolved from a needs-based product to a solution that many financial planners recommend as an important component of a comprehensive retirement plan. Unfortunately, there are still many misconceptions regarding reverse mortgages. Below, the myths are separated from the facts. Myth: The bank owns the home. Fact: You always maintain title ownership and control of your home, and you have the freedom to decide when and if you’d like to move or sell. Myth: You will owe more than your home is worth. Fact: Clients can qualify for up to 55%…

Home Equity Bank support Vets with Special Reverse Mortgage Offerings   https://www.mortgagebrokernews.ca/news/homeequity-bank-supports-vets-with-special-reverse-mortgage-offerings-256694.aspx