The Canada Mortgage and Housing Corporation (CMHC) announced mortgage default insurance rule changes this week that will impact home buyers using their...
CMHC announces tighter requirements for approvals beginning July 1, 2020
Three things you must not do if you have applied for a mortgage loan
Posted on
June 5, 2020
by
Norm Fisher, Royal LePage Vidorra
This short video will shed some light on what a lender is looking for when they view your mortgage application and gives you three things that you should...
An overview of changes to Canada's mortgage stress test
Posted on
February 21, 2020
by
Norm Fisher, Royal LePage Vidorra
Here's a short video I produced to explain the changes to Canada's mortgage stress test that were announced on February 20, 2020, and take effect in April...
New mortgage rules could affect what you qualify for by 20 points: OneStreet Mortgage
This yesterday from our friends at OneStreet Mortgage.
"Effective October 17, 2016, all insured homebuyers must qualify for mortgage insurance at an interest...
You can see your credit report for free, it’s the law in Saskatchewan
Knowing what’s inside your credit report is more than just a good idea, it’s an essential part of any prudent financial plan. Saskatchewan law...
Just how vulnerable is Canadian real estate?
Posted on
May 27, 2010
by
Norm Fisher, Royal LePage Vidorra
I’ve just read “Assessing Vulnerabilities in the Canadian Housing Market,” a five-page report written by CIBC economist Benjamin Tal and...
City of Cleveland sues sub-prime mortgage lenders for negligence
Posted on
February 10, 2008
by
Norm Fisher, Royal LePage Vidorra
The City of Cleveland is suing 21 mortgage lenders for damages that they claim to have incurred as a result of the U.S. sub-prime mortgage fallout. Cleveland...
How does the U.S. credit crunch impact Canadian real estate markets?
There has been a fair bit of talk and speculation about how the U.S. “credit crunch” may impact Canadians and our real estate markets.
Consumer spending about to peak in Saskatchewan: Elliot
Posted on
September 15, 2007
by
Norm Fisher, Royal LePage Vidorra
Doug Elliot, publisher of the Sask Trends Monitor newsletter is warning that consumer spending has “gone into some kind of bubble that’s going...
TD predicts interest rate hikes for July and September
Posted on
June 4, 2007
by
Norm Fisher, Royal LePage Vidorra
“While the Bank of Canada elected to leave its key lending rate unchanged at 4.25%, it will likely be the last time the central bank does so for a...
Your Saskatoon home is not your second income
Posted on
January 7, 2007
by
Norm Fisher, Royal LePage Vidorra
CNN runs a program on Saturday afternoons called Open House, which touches on topical issues surrounding homeownership. This week’s program carried...
Pending legislation may reduce minimum down payment requirements
The Canadian government has tabled legislation which, if approved, would allow consumers to purchase homes with a minimum down payment of just 20% without...
40-year mortgages now available in Canada
Update: In 2008 the Canadian government took action to eliminate 40-year mortgages.
Mortgage amortization periods of 40 years are now available in Canada...
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