Personalized Mortgage Solutions, Secure Mortgages
Personalized Mortgage Solutions, Secure Mortgages
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Equifax: Safeguarding Seniors Against Fraud and Identity Theft Senior citizens are often targets of identity theft and fraud, making it crucial for them to be aware of the risks and how to safeguard themselves. According to the Federal/Provincial/Territorial Ministers Responsible for Seniors, fraud is the top crime against older Canadians. Factors contributing to this vulnerability …
CMHC Announced The First-Time Home Buyer Incentive Program Will Be Ending The deadline for new or updated applications for the First-Time Home Buyer Incentive is March 21, 2024, at midnight ET. No new approvals will be granted after March 31, 2024. Initially designed to ease monthly mortgage payments for first-time buyers, the program involved the …
Consumers Boost Spending in Year-End Purchases, Reflecting Positive Trends Based on the latest TD Spend data, consumers noticeably increased their spending, likely influenced by holiday festivities and warmer weather, with a 0.7% average monthly growth in the last quarter of the year. Despite variances in composition and timing of data collection, TD Spend serves as …
Missed Payments and Financial Strain Are Increasing for Many Canadians, Credit Card Debt Continues To Rise Total consumer debt in Canada stood at $2.4 trillion in Q3 2023, an increase of $80.9 billion from the same period last year, according to Equifax® Canada’s latest Market Pulse Consumer Credit Trends and Insights report. Despite the impact …
2023 Fall Economic Statement: What You Need to Know Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the Fall Economic Statement on November 21, 2023. Here is an overview of key housing measures that may affect you: Making Housing More Affordable The federal government acknowledges the need for long-term housing solutions. To address …
Housing Market Slowed in September as Interest Rates Weigh In. Summary On a seasonally adjusted basis, home sales decreased 1.9% from August to September, a third monthly contraction in a row following the renewed monetary tightening cycle of the Bank of Canada and the surge in long-term interest rates. On the supply side, new listings …
Safeguarding Your Mortgage: Cybersecurity Tips for Homebuyers October is Cybersecurity Awareness Month, and as your trusted mortgage broker, I want to share essential tips to help you protect your mortgage transactions and financial information from cyber threats. Confirm Communications: Phone Verification: Before sharing any financial details over the phone, verify the identity of the person …
Teranet-National Bank House Price Index rises sharply in July Before seasonal adjustments, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, rose by 1.8% from June to July, the fifth consecutive monthly increase. After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™ rose by 2.4% from June …
Canadian Home Sales Showing Signs of Stabilization in June. Home sales recorded over Canadian MLS® Systems posted a 1.5% increase between May and June 2023, smaller increase than in April and May. Sales were up in June in a little over half of all local markets, with gains in British Columbia and Alberta offsetting fewer …
Gap Between High and Low Income Households Widens. Recent increases in the cost of living and declining real estate values had unprecedented impacts on net saving and wealth for more financially vulnerable households in the first quarter, such as those with lower incomes, less wealth, and in younger age groups. Income inequality increased in the …
