The Greater Toronto Area’s 2016 real estate market closed with record-breaking highs in housing prices and the lowest number of new listings in over a decade. High demand and low
Higher Rates & More Restrictions On Home Equity Mortgages As of November 30th, 2016, further mortgage regulatory changes will take place that affects low-ratio borrowers. This is the second Canadian
The night of the American presidential election, the CIC website crashed. Thousands of Americans, terrified by the prospect of Trump-as-president, began to research how they could become new Canadians. During
Toronto City Councillor Kristyn Wong-Tam of Ward 27 Toronto-Centre/Rosedale recently proposed a moratorium on new high-rise residential condo developments in the downtown core. Her rationale for doing so? Housing oversupply,
Property: Ajax, ON Rowhouse Valued at $425,000 Current 1st Mortgage: $275,000 Purpose: Clients want to refinance their mortgage to pay out Bankruptcy. They also plan to sell their house next
We’ve all heard doomsday reports about the Toronto housing market. Much like religious cults who predict the end of the world every few years, various reputable journals have been daily
Toronto Condos In The News The past week has seen lots of media attention to Toronto’s housing market on topics ranging from fake proposals, low inventory and foreign home buyers.
Consumer Proposal: WIPED OUT Property: Owner-Occupied Detached Home Mississauga, Ontario The Deal: Refinance Property to pay out existing 1st mortgage & wipe out consumer proposal so they can save money
Throwing A Lifeline Property: 2-Story Detached House Location: Pickering, ON The Deal: Couple had overextended credit with several late payments, plus existing 1st & 2nd mortgage. Matrix Mortgage Global Funded: New
Last week we asked our clients if they were “Feeling the Crunch” and having difficulty managing their expenses this year. An overwhelming majority of our respondents said ‘YES! Times are
We know all about Toronto’s red-hot home buying market, with bidding wars driving up purchase prices by 10’s of thousands of dollars. What is surprising is that, with fewer rental
Canadian mortgage regulators announced that, as of October 17, all CMHC-insured high-ratio mortgages (downpayments of 20% or less) will have to be qualified using the Mortgage Qualifying Rate (MQR) which
From The Pan-Am Athlete’s Village to Booming Canary District The story of the Canary district is one of triumph, luck and transformation. Unlike so many other cities that create
A Tricky Split The Story: Husband & Wife recently divorced. They have combined unsecured debts over $100k with R4 status. Husband had credit score of 510 and is a
A long time client of Matrix Mortgage Global, Lloyd, had wanted to open up his own small business; a bottled water company. He had the business name registered for over