Montreal real estate market hits record sales in October Debt Guru

Montreal real estate market hits record sales in October

 Debt Guru

The Montreal census metropolitan area (CMA) recorded growth in all property types: sales of condominiums increased by 47%, single-family homes increased by 44% and plexes increased by 34%, bringing the transaction levels at pre-pandemic peaks. Lower interest rates have sparked renewed buyer interest, allowing more buyers to qualify for a mortgage and boosting demand, according … Read more

A growing market with strong potential Debt Guru

A growing market with strong potential

 Debt Guru

Types of Home Loans that are Beneficial for Tennessee Real Estate Investors DSCR (Debt Service Coverage Ratio) Loans: DSCR loans, which qualify investors based on property cash flow rather than personal income, are ideal for Tennessee investors managing multiple properties or heavily rental portfolios. Hard Money Loans: Hard money loans are useful for repair and … Read more

CMHC says risks remain in mortgage market as defaults rise Debt Guru

CMHC says risks remain in mortgage market as defaults rise

 Debt Guru

The Canada Mortgage and Housing Corporation indicates in its latest report on the residential mortgage sector that 1.2 million mortgage loans are due for renewal in 2025 and that 85% of them have been signed while the rate of the Bank of Canada was 1% or less. Borrowers who need to renew their loans next … Read more

“2025 will be a better year”: 5 takeaways from brokers on market trends, technology and client relationships Debt Guru

“2025 will be a better year”: 5 takeaways from brokers on market trends, technology and client relationships

 Debt Guru

As home prices remain high across Canada and interest rates fall, mortgage professionals operate in an ever-changing market where choosing between fixed and variable rates adds new levels of complexity. At the recent National Mortgage Conference broker panel hosted by Mortgage Professionals Canada, five industry experts shared their perspectives on everything from market outlook and … Read more

What to do in the employee market versus the employer market Debt Guru

What to do in the employee market versus the employer market

 Debt Guru

In the employer market, companies have most of the power. More workers compete for fewer jobs, making it difficult to negotiate higher wages or better benefits. However, in the employee market, the balance shifts and power shifts into the hands of the workforce. This means that workers can leave their jobs, but then immediately move … Read more