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Real Estate Mortgages for Laforuche Parish: Jan. 25, 2014
Houma Mortgage & Loan Inc; Mortgagor: April A Johnson, Marco Sierra; Lot 3 Blk A Meadowland; $20,163; Entry#1170253 on 1/7/2014. • Community Bank; Mortgagor: James B Miller Jr, Shantel I Darden; Sec 43 T17S-R18E; $44,070; Entry#1170258 on 

Ottawa to Ease Credit Union Transition to Federal Regulation
From a mortgage standpoint, however, a move to federal rules would be a mixed bag. For one thing, it would put CUs that elect federal BC's Coast Capital and Ontario's Meridian Credit Union are two that have." Almost 1/3 of Canadians are credit

St. Tammany Parish real estate transfers
Beebalm Circle 421: DR Horton Inc. Gulf Coast to Heather A. Primeaux and Brent C. Bourgeois, $229,900. Camden Park Drive 406: Deborah Hanzo . Ozone Place, lot 39-A, square 346-A: HSBC Bank USA NA, as Trustee for Merrill Lynch Mortgage Investors Inc

Shaking Things Up
Meryl, Eagle Capital's resident money-managing math whiz, dissects the prospects for four promising companies that she thinks have fallen unfairly out of favor. And Bill, chief of everything at bond behemoth Pimco, not only shares his insights into the 

You're the Boss Mortgage from Coast Capital Savings (Punjabi)

(Punjabi with subtitles) Our You're the Boss™ Mortgage is full of flexible features designed to put you in charge. Because saying hello to a ...

Greater Victoria real estate market sees fewer sales

Real estate sales are moving at a slower pace and homes spend more time on the market, board president Kyle Kerr said. There are fewer multiple-offer situations.

If more properties come up for sale in the coming months, that could create a more balanced market, Kerr said.

A total of 2,595 properties are for sale, an increase of 35.5 per cent compared with 1,915 listings in June of last year. Even so, the higher number lags behind the 10-year average of 4,100 listings.

Kerr said more stringent federal lending rules and provincial tax measures, such as the upcoming speculation tax, are “dragging the market down” this year. The board normally releases the benchmark price for homes within the region, but that data was not immediately available.

It released average prices, showing that the average for a single-family house in Greater Victoria was $889,097 in June. The average for a condo was $483,570, and the average for a townhouse was $617,862.

Sarah West, a real estate agent at Royal LePage Coast Capital Realty, said the region remains a seller’s market, even though it is starting to moderate.

The Latest in Mortgage News – The Stress Test & A Slowing Housing Market

There’s been no shortage of new data pointing to slower home sales and tempered price growth across the country.

Most of the blame has been directed at OSFI’s new stress test, which preceded the slowdown when it came into effect on January 1.

Here’s a sampling of recent reports on the state of Canada’s real estate market:

Home Sales Reach 5-Year Low

Home sales continued their slump in May, with sales in most markets down slightly from April but down by 16.2 percent from May 2017 to a five-year low, the Canadian Real Estate Association reported today.

Declines were led by markets such as the Okanagan Region, Chilliwack and the Fraser Valley, Durham Region in the Greater Toronto Area and Quebec City.

The average home price was also down by 6.4% from last May.

“This year’s new stress test became even more restrictive in May, since the interest rate used to qualify mortgage applications rose early in the month,” said CREA’s Chief Economist, Gregory Klump. “Movements in the stress test interest rate are beyond the control of policy-makers. Further increases in the rate could weigh on home sales activity at a time when Canadian economic growth is facing headwinds from U.S. trade policy frictions.”

How would you fix this economy?

Here are my ideas. What are yours?

1) Small scale lending must be nationalized. The "free market" has little interest in lending to individuals and small businesses.