Mortgage News

Subscribe via E-mail

Your email:

Posts by category

Current Articles | RSS Feed RSS Feed

Half of Canadians doing more to pay down their mortgages: CIBC

 
21.07.2014 resized 600

TORONTO - A new survey says Canadians, on average, expect to be mortgage-free by age 58, one year later than in a similar poll a year ago.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Home sales heat up after tepid spring

 

OTTAWA — Canadian homes sales heated up in June to their best pace since March 2010 after a sluggish start to the year due to the frigid winter and late spring.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

‘HGTV effect’ pushes home renovation spending to record $63-billion

 
03.07.2014 resized 600

TORONTO • It could be just the impact of all those home-renovation television programs, but Canadians are fixing up their properties like never before, according to a new report.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Monster May for housing sales doesn’t mean the market won’t slow

 
18.06.14.1 resized 600

May was a phenomenal month for existing homes sales across the country but the jump in activity might say more about the harsh winter than the state of the market.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Here comes the echo boomer to save the housing market

 
18.06.14.2 resized 600

There’s a new kid in town ready to save Canada’s housing market and maybe even the economy — at least for a few more years.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Canadian home prices rise a modest 0.8% in May, typically one of the strongest months for sales: Teranet

 
18.06.14 resized 600

TORONTO — Canadian home prices rose in May but the pace of 12-month home price appreciation decelerated slightly, the Teranet-National Bank Composite House Price Index showed on Thursday.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

OECD calls for Canada to shift mortgage risk from taxpayers to private-sector

 
12.06.14 resized 600

OTTAWA • Despite aggressive moves by the federal government to limit consumers’ exposure to an overheated housing sector, a major global think-tank is warning Ottawa that even tougher measures are needed to protect taxpayers.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Jobs, transportation key issues in bellwether Kitchener Centre riding

 

KITCHENER — It's a sight Lil Premsukh sees all the time.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Canadian unemployment rate rises slightly to 7% in May

 
09.06.2014.3 resized 600

Economy creates 26,000 jobs, but there was a flood of new job seekers

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

U.S. economy keeps chugging out jobs

 
09.06.2014.2 resized 600

217,000 jobs created in May, 4th month of employment gains

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365
All Posts