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
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
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
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
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
The Florida real estate market has seen a surge in demand, especially in recent years. One of the critical factors contributing to this growth is the availability of Hard Money Loansan essential tool for investors and developers. These loans are asset-based and offer a flexible and fast alternative to traditional bank financing. HAS CambridgeHomeLoan.comwe are … Read more
Written by Steve Huebl• October 17, 2024• 11:26 p.m.• Economic news • A comment • Views: 2,613 In recent years, many feared that the looming “mortgage renewal cliff” would put a damper on the Canadian economy, especially after aggressive interest rate hikes from the Bank of Canada. But according to an RBC report, … Read more
Market weakness persists through August There were very few signs of an end to the current period of weakness in property values in the August data, with CoreLogic’s Hedonic Home Value Index (HVI) showing a further decline of 0.5 %, bringing the total drop from the February “mini-peak” to 3.7. % nationally. With median values … Read more