The numbers are in: Canadian home prices have been growing by 2.0% per month on average, and 10.9% year-over year. The red-hot Toronto market saw a 3.1% increase in home prices, and Vancouver had a 2.3% increase despite the new foreign home buyer tax. Canada’s booming real estate segment and competitive bank lending is contributing […]
Becoming a real estate property investor can be very lucrative, but the financing for multiple properties can get tricky; especially when most of the investor’s equity is already tied up in properties. Private mortgage lenders offer alternative financing solutions for property investors to expand their portfolio in these situations. Below is a case study exemplifying […]
August 8-14 Deal Of The Week Andy from Oakville, Ontario had come under hard times at the beginning of the year when he lost his job. Unable to find work, the bills started piling up and he found himself in mortgage arrears, tax arrears and had all his credit cards maxed out. Andy called us with 4 […]
1) Time Constraints Need to fund yesterday? Don’t hold your breath for conventional bank lenders. For cases of emergency when equity in the property needs to be accessed immediately, or there is an imminent risk of foreclosing/eviction, a private mortgage on a short-term is unparalleled in this aspect. 2) Credit History Been rejected by […]
On July 25th, British Columbia’s Premier Christy Clark announced a forthcoming 15% tax on non-Canadians buying residential real estate in order to curb the Vancouver area’s overheated housing market. There has been a wide array of reactions to the new tax, although the consensus is that it was long overdue. “I want to keep home […]
Since the 2008 real estate and mortgage market fallout, there have been desperate attempts on the part of the banks to keep interest rates low and tighten up the lending regulations in Canada. The Canadian Mortgage and Housing Corporation (CMHC) has changed their lending guidelines over the last several years to the point where the […]
