Will the New Mortgage Rules Strain Calgary Homebuyers?
Everyone thought that when the new mortgage rules were announced all eyes would be on Toronto. But even if that’s true, there’s some concern out West, and it’s in regards to Calgary mortgages. Here, some buyers may get priced out of the market. Luckily, it seems their economy can handle it. Ann-Marie Lurie, senior economist…
Read moreTime to Renew? Speak to Your Mortgage Broker
Summer is thought by many to be the wedding season; but it’s also the mortgage renewal season. Yes, it’s during the summer months that mortgages most often come up for renewal; and why, if this season is your time to renew, your bank may already be calling. Banks like to call a few months ahead…
Read moreCopying Canada
When we’re comparing our country with other nations, it’s typically the States that we all look at. This is true for fashion trends, music, even many of our commercials. But when it comes to their mortgage and housing industry, we don’t want to touch it. In fact, we’ll do just about anything to differentiate ourselves….
Read moreWhat’s the Difference Between an Open and a Closed Mortgage?
Most homeowners and homebuyers know the difference between a fixed rate and a variable rate when it comes their mortgages. But what about choosing between open and closed Ottawa mortgages? The difference could be huge, and could mean thousands of dollars in savings for you, if you know how to pick the one right for…
Read moreHow do you Renew a Mortgage in Ontario?
With the Office of the Superintendent of Financial Institutions coming out with new proposed guidelines back in March, economists and homeowners alike became quite upset at the suggestion that homeowners would need to re-qualify when it was time to renew their mortgage. This would mean that when renewal time came, homeowners would need to verify…
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How to Discharge a Toronto Mortgage
How a mortgage discharge works in Canada Congratulations! You’ve paid off your mortgage and are about to discharge one of the biggest debts you’ll carry in your lifetime! But, how do you go about getting rid of that mortgage once and for all, and getting it officially off your record? You need to officially discharge…
Read moreWorries about the Housing Market? Not as Long as There’s Mortgage Demand!
While economists continue to fret about the state of the country’s housing market, there’s one group that says there’s no need to fear, mortgage demand is here! Home Capital Group held their inaugural Investor Day on Thursday, a conference that looks at the economic and investment affairs; and yesterday, the housing market in Canada’s major…
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