This author has yet to write their bio.Meanwhile lets just say that we are proud Amit contributed a whooping 9 entries.
Private lenders have doubled their share of Canadian mortgages since 2015. A Better Dwelling report revealed that private lenders originated over $2 billion last year and currently have about 7.87% of the national mortgage market. In fact, the private channel has enjoyed six straight quarters of market share growth. Private mortgage broker Amit Sandhu of […]
The Mortgage Market: 6.03 million: The number of homeowners with mortgages (out of a total of 9.8 million homeowners in Canada) 1.6 million: The number of Home Equity Line of Credit (HELOC) holders 11%: The percentage drop in resale activity compared to 2017 Resale activity is down 15% from the all-time record set in 2016. […]
“The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at a higher interest rate than they are signing on for. As he sees it, there’s just one problem. “The problem is, it was probably too much, too quick.” The new mortgage rules have come at […]
If you lived through the recent real estate and economic recessions, the very headline of this article might cause you some emotional pain. Less than ten years ago, the country was swept with an economic crisis the likes of which our generation had never seen. I personally remember driving down the street in California’s Central […]
The next two years in Metro Vancouver real estate will continue to see lower sales and higher inventories of homes available for purchase than in recent years, according to a forecast released November 6 by the Canada Mortgage and Housing Corporation (CMHC). CMHC said in its report, “While existing home sales are expected to rebound in 2019 […]
As was widely expected, the Bank of Canada (BoC) hiked the overnight rate to 1.75 percent. Higher interest rates inevitably lead to higher mortgage rates, which means industry players keep a close eye on the BoC’s hikes, and how they could affect Canada’s housing market. Rising rates could spook would-be buyers, placing downward pressure on […]
Another sign that the Metro Vancouver real estate market has flattened, as home sales in July dropped to their lowest level in nearly 30 years. Catherine Urquhart reports. The number of real estate sales in Greater Vancouver hit its lowest level since the year 2000, according to data from the Real Estate Board of Greater Vancouver […]
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