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Is 2015 the year the Bank of Canada finally raises its key interest rates?

posted by The Mortgage Associates    |   December 31, 2014 08:29

Is 2015 the year the Bank of Canada finally raises its key interest rates?

Article by Andy Blatchford, December 26, 2014, The Record.com

"OTTAWA — After 18 months on the job, Bank of Canada governor Stephen Poloz has yet to wield the primary tool at his disposal: the key interest rate.

When Poloz took the bank's reins in June 2013, he inherited an overnight rate set nearly three years earlier by his predecessor Mark Carney. That rate has yet to budge from one per cent, idling for one of the longest stretches in Bank of Canada history.

With Canada's economy showing signs of recovery, could 2015 be the year Poloz starts hiking up the central bank's trend-setting rate and, if so, when?"

To read the full article, please click here.

15 Easy Ways To Get Your Home Ready To Sell

posted by The Mortgage Associates    |   December 30, 2014 09:30

15 Easy Ways To Get Your Home Ready To Sell

Article by Forbes, December 28, 2014

"You may think you know the basics when it comes to getting your home ready to sell: remove any clutter or personal effects, fix what’s broken, and stage your rooms. But buyers are a fickle lot, and they can fall in — or out — of love with a home for any number of reasons, some so subtle that the buyers themselves aren’t fully aware of their logic."

To read the full article, please click here.

The biggest money mistakes Canadians make

posted by The Mortgage Associates    |   December 29, 2014 08:29

The biggest money mistakes Canadians make

Article by Heather Loney, Global News, November 17, 2014

"TORONTO – When it comes to debt and spending, there are mistakes and then there are Mistakes. Small luxury purchases won’t necessarily derail your long-term financial goals, but consistently living beyond your means, amassing consumer and credit card debt, and not saving for retirement could cripple someone for years to come.

This year, the debt-to-income ratio in Canada clocked in at 1.63. Meaning for every $1 earned, Canadians owed banks, credit-card companies, auto dealerships and other lenders $1.63 in debt."

To read the full article, please click here.

Did the mortgage market do what we thought it was going to do in 2014?

posted by The Mortgage Associates    |   December 23, 2014 08:36

Did the mortgage market do what we thought it was going to do in 2014?

Article by Susan Ashton, BComm, AMP, TMG The Mortgage Group, December 23, 2014

"As we all know, predictions and forecasts are all well and good but sometimes they fall short of what actually happens. While I might be able to predict, with some level of certainty, what is going to happen tomorrow, the longer the time frame, the harder it is to “hit the nail on the head”.

So let’s start with last December’s Globe and Mail article – Five Canadian Mortgage Market Predictions for 2014. I thought it would be fun and interesting to revisit this article and see how accurate it really was.

Keep in mind that Rob McLister of Canadian Mortgage Trends, the author of The Globe and Mail article, is one of the thought leaders when it comes to shooting straight from the hip about the mortgage industry and where’s it’s going. "

To read the full article, please click here.

Rent vs. Buy

posted by The Mortgage Associates    |   December 22, 2014 08:37

Rent vs. Buy

Article by Genworth Canada

"To buy or not to buy. It’s a question many people struggle with. And it’s important to know if you truly want to own a home before you’re firmly entrenched in the homebuying process"

To read the full article, please click here.

Steady population growth for Saskatchewan, reaches 1.13M

posted by The Mortgage Associates    |   December 19, 2014 08:43

Steady population growth for Saskatchewan, reaches 1.13M

Article by Thomas Piller, Global News, December 17, 2014

"REGINA – Saskatchewan’s population has hit another all-time record. Almost 1.13 million were living in the province on Oct. 1.

According to preliminary figures released Wednesday by Statistics Canada, there were 4,490 more people living in the province than in the previous quarter. This time last year, Saskatchewan had an estimated population of 1.11 million or a difference of 18,100 residents."

To read the full article, please click here.

How to Sell a Home in the Winter

posted by The Mortgage Associates    |   December 18, 2014 08:31

How to Sell a Home in the Winter

Article by Bill Gassett, December 1, 2014

"Winter may not be the most popular time to sell a home, but this doesn’t mean you have to wait until the weather warms up to list your property. With the right strategy and a bit of hard work, you can make your home stand out to potential buyers in a season where competition is less fierce and certain buyers are highly motivated to purchase.

It may take you a little planning and some prep work. However, when you need to sell your house you need to sell your house – regardless of what season it happens to be. Knowing how to sell a home in the Winter can go a long way in increasing your chances of success."

To read the full article, please click here.

Apartment vacancies, rent up in Saskatoon

posted by The Mortgage Associates    |   December 17, 2014 09:02

Apartment vacancies, rent up in Saskatoon

Article by David Giles, Global News, December 16, 2014

"SASKATOON – The number of apartment vacancies in Saskatoon is up from the previous year. So too is the price of rent.

In its Fall Rental Market Survey, Canada Mortgage and Housing Corporation (CMHC) says the vacancy rate in October was 3.4 per cent, up 0.7 percentage points from a year ago. One reason, says the agency, is more units on the market.

“Additions to the purpose-built rental apartment universe via new construction and the movement of renter households into homeownership contributed to the higher vacancy rate this fall,” said Goodson Mwale, senior market analyst for Saskatchewan."

To read the full article, please click here.

Saskatchewan incomes in second place

posted by The Mortgage Associates    |   December 16, 2014 09:08

Saskatchewan incomes in second place

Article by Bruce Johnstone, The StarPhoenix, December 11, 2014

"In 2012, Saskatchewan families boasted median after-tax income of $77,300, second-highest among the provinces and well above the national median of $71,700, according to the new Canadian Income Survey by Statistics Canada.

Saskatchewan families of two or more also had the second-highest market income of $80,700, the second lowest government transfers at $4,100 and paid the second-highest income taxes at $11,200 in 2012, the federal agency said Wednesday."

Please click here to read the full article. 

How to save for a house under tighter mortgage rules

posted by The Mortgage Associates    |   December 15, 2014 13:15

How to save for a house under tighter mortgage rules

Article by Chris Atchinson, The Globe and Mail, December 10, 2014

"When revised mortgage rules took effect in July, 2012, a collective groan rippled across the Canadian housing market.

Many who would have qualified for a mortgage insured by Canada Mortgage and Housing Corp. (CMHC) just a month earlier would be hard-pressed to meet the new conditions or had to save for larger down payments."

To read the full article, please click here.