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September 7, 2010

Do Higher Interest Rates Cause Lower House Prices?

Most people believe that when interest rates go up, house prices will fall. I did too until I ran the numbers and discovered otherwise. Check out today’s post to learn more about why thirty years of data doesn’t support this widely held belief.
August 31, 2010

Interest Rates: Why the Sky Isn’t Falling

Today's post explains why I don't think interest rates are going anywhere fast and, more importantly, why I think higher rates aren't likely to hammer the real estate market (as many fear).
August 24, 2010

The Mortgage Deal of the Week

Today's post introduces a new feature on our website called "The Deal of the Week", which highlights the best mortgage deal currently available. Our inaugural offer is one of the best to come along in a very long time.
August 17, 2010

Canadian Reverse Mortgages Explained

Reverse mortgages are growing in popularity as an increasing number of baby boomers reach retirement age. While categorized as a mortgage, this type of loan has unique characteristics that make it quite different from other forms of traditional financing. Today’s post explains how reverse mortgages work and examines the strengths and weaknesses of this financing option.
August 5, 2010

Summer Mortgage Market Update (2010)

Today's post is my quarterly update on the state of the mortgage market. It focuses on how our central back will try to balance the strength of our domestic economy against increasing global economic uncertainty when making future interest-rate decisions.
July 27, 2010

The Income Tests

If you need a mortgage, your household income will be the single most important part of your application. Today's post outlines how lenders conduct income tests and explains the standards that are used. It also examines special cases where confirming income is more difficult, and provides some tips to help you put your best foot forward.
July 13, 2010

The Liquidity Trap

Can rock-bottom interest rates be bad for the economy? It depends. If left low for too long, dangers can emerge, and chief among them is the liquidity trap. To learn more, check out today's post.
July 6, 2010

Mortgage Financing for Vacation Properties and Second Homes

If the current heat wave has you thumbing through the cottage listings and yearning for an escape, then today's post on financing for vacation properties and second homes will be of interest. We give you an overview of what lenders are looking for and offer some perspective on how they view these deals.