Home values boost Canadian family net worth

12/8/2017 | Posted in Financial Health by Jessi Sandhu

Canadian families increased their net worth by 14.7% in the four years from 2012-2016 according to new data from Statistics Canada. ... More

Tags: Home Equity, Home Owners, Personal Finance, Statistics Canada

Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Jessi Sandhu

The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ... More

Tags: CMHC, Home Buyers, Home Equity, Home Owners, Mortgage Consumers, Mortgage Industry, Mortgage Refinancing, Mortgage Trends, Mortgages & Real Estate

Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

6/9/2017 | Posted in Financial Health by Jessi Sandhu

A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk of ... More

Tags: Canada Real Estate, Canadian HELOC, Home Equity, Home Equity Lines of Credi, Home Owners, Household Debt, Housing Correction

CMHC insured mortgages increase 26 per cent, home equity rises

11/30/2016 | Posted in Mortgages and Real Estate by Jessi Sandhu

Canada Mortgage and Housing Corp., the Crown corporation that controls about half of the mortgage default insurance market in the country, continues to shrink its ... More

Tags: Canada Mortgage and Housing Corporation, Canada Real Estate, CMHC, Home Equity, Mortgage Industry, Mortgage Insurance, Mortgages & Real Estate, Real Estate News