Latest News & Blogs
The Risks Facing Canada's "Other" Housing Markets
Posted by Sherwood Mortgage Group
on 15 October 2018
)
While much of the conversation in Canadian real estate centres around the twin poles of Toronto and Vancouver, the situation in other Canadian regions look very, very different.
With demand already lagging in the Prairies and the Maritimes, Mortgage Broker News' Ephraim Vecina says new measures like the mortgage stress test, as well as rising interest rates, targeted towards the hottest markets could send these weaker markets into a full-blown crash.
Read the full article on ww...
Posted in:News |
Canadian Mortgage Debt Rises over $1.5 Trillion in August
Posted by Sherwood Mortgage Group
on 12 October 2018
)
Household debt in Canada is becoming a growing issue and has crossed a major threshold as of August. According to the Bank of Canada (via Better Dwelling's Daniel Wong), while the growth of mortgage credit is down, Canadians' collective mortgages eclipsed the $1.5 trillion mark in August.
This was an increase of $4 billion from July, and over $53 billion over August of last year.
To learn more about what this means for the Canadian housing market, visit betterdwelling.com.
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Posted in:News |
Check Out the Newest Customizable Kitchen Appliances!
Posted by Sherwood Mortgage Group
on 11 October 2018
)
Looking for kitchen reno ideas? Fisher and Paykel's new line of integrated column refrigerators and freezers offer unlimited ways to customize your food storage, from modular cabinets, to variable temperature zones.
Plus, they offer a seamless installation into your kitchen with only a 1/8th inch gap between the sides and your cabinets. House & Homes' kitchen experts break down all the neat features of these amazing new fridges and freezers in this video.
Need extra fi...
Posted in:News |
Giving Your Child a Mortgage Vs. A Down Payment
Posted by Sherwood Mortgage Group
on 10 October 2018
)
It's a challenge many those preparing for retirement face: "Should I help my kids buy a house?"
For many millennials, their parents' financial situation has a greater impact on their home ownership dreams than their own. However, Whittier Trust's Timothy K. McCarthy has a novel solution for families in this situation.
Instead of giving your children tens of thousands of dollars, loan them money to buy a house at a generous interest rate, essentially gifting them a m...
Posted in:News |
Investing vs. Mortgage Payments: Which Comes First?
Posted by Sherwood Mortgage Group
on 9 October 2018
)
Balancing mortgage payments alongside growing your investment portfolio is a difficult task.
According to The Globe and Mail's Benjamin Felix, the trick is to think about asset allocation and how mortgage interest reduces your overall returns from bonds.
To learn more, read the full article on theglobeandmail.com.Posted in:News |
Will the USMCA Trade Deal Help or Hinder Homebuyers?
Posted by Sherwood Mortgage Group
on 8 October 2018
)
With NAFTA re-negotiations concluded next week, the re-vamped United-States-Mexico-Canada Agreement has lifted a grave shroud over the Canadian economy.
However, according to The Globe and Mail's Rob Carrick, active home buyers have nothing to be thankful about.
He says that the low-interest rate environment some have enjoyed since 2008 will swiftly be transformed by rising rates, and that young buyers should lock into a decent mortgage rate sooner rather than later.
To lea...
Posted in:News |