by Majid Habibi | Jan 4, 2017 | Blog, Finance
Over the last three years, Canadian financial blogger Sandi Martin from Spring Personal Finance has released a series of posts with her dreams for her clients in each 2015, 2016, and now 2017. It started with finding clarity, then taking ownership, and now the series...
by Majid Habibi | Dec 22, 2016 | Blog
by Majid Habibi | Nov 22, 2016 | Blog, Homeownership
The Canadian government just released its housing strategy plan, called “What We Heard, Shaping Canada’s National Housing Strategy”. It has been included below in all its 66 page glory, but first here are some of the highlights. Helping those in...
by Majid Habibi | Nov 15, 2016 | Announcements, Blog, Economy, Homeownership, Mortgage
Well, after many years of unprecedented low interest rates in Canada, it appears the Canadian government by way of rule changes, and the American government by way of Trump, are impacting mortgage rates. Simply put, the Canadian government has recently made it more...
by Majid Habibi | Nov 8, 2016 | Blog, Economy, Finance, Mortgage
Although the recent changes to mortgage qualification introduced by the government were intended to create stability in the Canadian housing market, the unintended consequences might have been to make the waters a little muddier. For the first time, it looks like...
by Majid Habibi | Oct 3, 2016 | Announcements, Blog, Economy, Homeownership
This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...
by Majid Habibi | Sep 20, 2016 | Blog, Economy, Mortgage
Before reading this you should be warned that the following content is pretty dry… like eating 8 saltine crackers without drinking water dry. If you need to go and get something to drink before proceeding, no worries, we will wait here. Take your time. The...
by Majid Habibi | Sep 13, 2016 | Blog, Homeownership
In an article I recently published called “Is Now a Good Time to Buy?” we identified that interest rates are at all time Canadian lows and as it’s never been cheaper to borrow money, now is a good time to buy property. In no way was it being said...
by Majid Habibi | Aug 30, 2016 | Blog, Economy, Homeownership
If you’re getting tired of all the media headlines claiming impending housing market and economic doom and gloom, you’re not alone. It seems every time you browse the news another US economist is predicting terrible things for Canada. Articles like this...
by Majid Habibi | Jul 26, 2016 | Announcements, Blog, Homeownership
Although no firm changes have been announced regarding mortgage regulations, it looks like this might be the beginning of something. The following is correspondence shared by Mortgage Professionals Canada by email to the mortgage industry, it has been shared here for...