Why the (no-frills) 3.59% mortgage rate may NOT be the best choice for you
Beware the initial sexy ads: low rate, no-frill mortgages are probably NOT the tool that you want to use when you purchase or finance your home!
CMHC Housing Market Outlook and Housing Now Canada reports out today!
August 31, 2010
As we round the corner from summer to fall, CMHC has once again produced their Housing Market Outlook for the most recent economic quarter. Included, as always are summary statistics of where we’ve been and where we’re expected to be headed in the coming months and short-term future. As mentioned previously, despite the more dramatic [...]
CIBC: Benjamin Tal’s weekly market insight
August 31, 2010
NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS By CIBC chief economist, Benjamin Tal
What do lenders want to see? Income… How do you earn yours?
August 20, 2010
... and how much of a home can you purchase with your total income?
TECHNICALLY SPEAKING: Real-estate is different because…
August 20, 2010
A walk through of some of the ins and outs, ups and downs of why Real Estate is different from other investment options when it comes to economic predictions and projections; the "human" element plays a large role and this truly differentiates it as a different 'beast' altogether!
Implementation of New Mortgage Associates Program
August 17, 2010
To all of the 'fence-sitters' that are thinking of joining the industry as a Mortgage Associate, here is the new layout of the ins and outs of the new educational program. I had mentioned in our previous post that it was coming down the pipeline in the fall of this year: it sounds like it will be up and running within the next month.
Canada’s major banks reduce mortgage rates again
August 17, 2010
Five of Canada’s major banks reduced many of their posted mortgage rates by one-tenth of a percentage point, effective today. The posted five-year closed mortgage rate is now 5.49 per cent annually for the Royal Bank of Canada, Bank of Montreal, scotiabank, CIBC and Laurentian Bank. RBC was the first to announce the rate cuts [...]
Something interesting trending: Canadian Mortgage Rate Watch!
July 27, 2010
Something new that slipped through MANY cracks this morning?
Bank of Canada rates – July 7, 2010 update
July 7, 2010
The Bank of Canada's qualifying rate has drifted downwards to 5.89% as of 06.30.2010... This should help 'ease' some people's concerns (a bit) when qualifying to purchase a home with a fixed term shorter than 5 years OR with a variable rate term.
Happy Canada Day!
July 1, 2010
Enjoy your holiday and celebrate Canada's birthday from East to North to West coast!
September 3, 2010