Borrowing From the Bank of Grandma?
Yesterday I wrote about how new homeowners were choosing longer amortization periods to free up cash flow and still be able to purchase real estate.
Read moreLonger Amortizations Attract New Homebuyers
A friend of mine has a theory about why it’s so difficult for Generations X and Y to put together enough money for a traditional down payment on a house.
Read moreVariable-Rate Mortgages: Worth the Risk?
Yesterday I wrote about fixed-rate mortgages and the peace of mind that they provide to borrowers. Let’s take a look at the other mortgage option – variable-rate mortgages.
Read moreFixed-Rate Mortgages: Worth the Peace of Mind?
My first piece of real estate was a downtown condo that I bought directly from the builder. I went with the standard five-year fixed-rate mortgage as it just seemed like the thing to do.
Read moreNews Flash: Vancouver is “Severely Unaffordable”
A survey ranked 272 metropolitan markets in Canada, the U.S. Ireland, the U.K., New Zealand and Australia.
Read moreCanadian Interest Rates | Not Likely to Rise Soon
Canadian Interest Rates won’t Likely Rise Soon, According to the Bank of Canada and Economist David Rosenburg.
Read moreCanadian Sub-prime Mortgage Crisis
When the sub-prime mortgage crisis battered the U.S. economy, Canadians felt safe that our banking practices were sound and that we couldn’t experience that type of crash here.
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