Mortgage Blog

I help people fund their future!
Throne Speech 2020: 10 Key Highlights From The Liberal Plan For Canada Amid COVID-19 Crisis

Throne Speech 2020: 10 Key Highlights From The Liberal Plan For Canada Amid COVID-19 Crisis

September 24, 2020 | Posted by: Maurice Kwok

The Liberal government has unveiled the roadmap it says will help Canadians weather the unrelenting storm of the COVID-19 pandemic and “build back better” for a fairer, more resilient co ... [read more]

Studies suggest Toronto’s rental shortage will skyrocket in coming years

Studies suggest Toronto’s rental shortage will skyrocket in coming years

September 23, 2020 | Posted by: Maurice Kwok

A new report suggesting the Greater Toronto Area could be facing a shortage of 200,000 rental apartments within a decade is highlighting the conundrum of a region that is building more high-rise apart ... [read more]

Listing delayed, but demand sparks three quick offers on Toronto house

Listing delayed, but demand sparks three quick offers on Toronto house

September 22, 2020 | Posted by: Maurice Kwok

392 Rhodes Ave., Toronto Asking price: $879,900 Selling price: $1,051,940 Mortgage Pre-approval:  https://velocity-app.newton.ca/public/#/clientJourney/slides/home?shortCode=10shot8315udc ... [read more]

CMHC saw 'moderate' risk of overvalued markets, stands by price forecast

CMHC saw 'moderate' risk of overvalued markets, stands by price forecast

September 21, 2020 | Posted by: Maurice Kwok

The Canadian Mortgage Housing Corporation (CMHC) saw ‘moderate’ evidence of an overvalued housing market in the Spring of 2020. The organization’s Housing Market Assessment ... [read more]

Past due: How crushing household and business debt is pushing our economy to a tipping point

Past due: How crushing household and business debt is pushing our economy to a tipping point

September 19, 2020 | Posted by: Maurice Kwok

The summer of economic recovery is fading away, replaced by a season of growing uncertainty as the weight of tens of billions of dollars in deferred debts bears down on consumers and businesses. For ... [read more]

Canadian home sales climb again, set record for August: CREA

Canadian home sales climb again, set record for August: CREA

September 15, 2020 | Posted by: Maurice Kwok

Canada posted record home sales and prices in August, but the increase was uneven, as the housing market levelled off in some regions. Home sales in August climbed 6.2 per cent compared with July t ... [read more]

Introducing the K-shaped economic recovery, favouring some sectors and leaving others behind

Introducing the K-shaped economic recovery, favouring some sectors and leaving others behind

September 14, 2020 | Posted by: Maurice Kwok

Linda Nazareth is host of the Work and the Future podcast and senior fellow for economics and population change at the Macdonald-Laurier Institute in Ottawa. And today’s recovery is brought to ... [read more]

Toronto agents flock to Guelph ‘entry-level’ house

Toronto agents flock to Guelph ‘entry-level’ house

September 13, 2020 | Posted by: Maurice Kwok

15 Hasler Cres., Guelph, Ont. Asking price: $699,900 Selling price: $695,000 Previous selling price: $305,000 (2010); $256,290 (2006) Taxes: $4,619 (2020) Days on the market: two Listing agent ... [read more]

Canada’s household debt burden sees record decline in second quarter

Canada’s household debt burden sees record decline in second quarter

September 11, 2020 | Posted by: Maurice Kwok

Canada’s household debt burden fell by a record-setting amount in the second quarter and hit its lowest point since 2010 as government transfers propped up income and borrowing cooled off. The ... [read more]

Mortgage delinquencies expected to jump in latter part of the year, CMHC says

Mortgage delinquencies expected to jump in latter part of the year, CMHC says

September 10, 2020 | Posted by: Maurice Kwok

Canada’s housing agency said there could be a “significant increase' in mortgage delinquencies later this year as banks’ loan deferrals during the COVID-19 pandemic end and alternati ... [read more]

Share This Page On:

Maurice Kwok
Maurice Kwok, MBA CPA MA
Toronto, Mortgage Broker

I help people fund their future!