Reverse mortgage debt level keeps growing in Canada According to the new report from the Office of the Superintendent of Financial Institutions (OSFI), total reverse mortgage debt load among Canadians rose from $3.035 billion in August to almost $3.07 billion in September. OSFI says one of...

Canada’s real estate market will hardly support the GDP growth soon This week, Canada’s GDP growth report for the third quarter will be released. Many economists believe that the real estate market hasn’t provided the necessary support for the national economy this time. “Although the second...

Strong economic performance helps Canada use tax breaks If we don’t mention the latest turmoil in oil and financial markets, the recent budget update from Finance Minister Bill Morneau provides an optimistic outlook with a possibility of tax breaks for corporations without causing an...

More than half of Canadian first-time buyers plan to make a purchase during the next two years This year, Canadian first-time home buyers have been facing a lot of various challenges: from three rate increases to mortgage rules tightening implemented in January. However, a recent...

New rules will make it more difficult to get a second mortgage if you already have a HELOC If you have a home-equity line of credit (HELOC) and you want to get a new mortgage in addition to it, there’s bad news for you. Lenders...