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Buying vs. Renting: Study

Buying vs. Renting: Home…

Forfeiture of $2.8 million condo

BC seeks forfeiture of $…

Household debt exceeds $2.5T

Canadian household debt …

Housing Market Vulnerable – CMHC

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Court Refuses Mortgage Penalty

Canada: Court Refuses To…

Raising The Maximum Insured Mort…

Canada Plans To Foster I…

Alberta Housing Market Improved

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Tag Archives: Credit & Debit

Buying vs. Renting: Study

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Buying vs. Renting: Homeowners Come Out Ahead, Study Says Despite higher home prices and larger mortgages, monthly housing costs are currently lower for homeowners—on average—compared to renters. In fact, in the second quarter of this year, homeowners paid on average $769 less per month compared to renting an equivalent dwelling, according to a new survey [&hellip…

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Court Refuses Mortgage Penalty

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Canada: Court Refuses To Enforce Mortgage Prepayment Penalty Many Canadian mortgages have a prepayment term that imposes a penalty if the mortgage advance is repaid by the borrower before the maturity date. The general purpose of such a term is to provide compensation to the lender for the unanticipated time required to find another borrower of [&hellip…

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Raising The Maximum Insured Mortgage Size

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Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of [&hellip…

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