Is this your First time?
Buying a home for the first time can be a very daunting task. There are a lot of considerations and it is often extremely unfamiliar territory. However, it seems that when people make the decision to but, it is one that is not one that is taken lightly. According to the TD Canada Trust…
Read moreAverage Household Debt-To-Income Ratio at 150% Even as Credit Card Debt Falls
Average Canadian household debt stands at a record $100,000 and the savings rate has plummeted to 4.2%. But surprisingly, credit card debt in the last quarter of 2010 was down 2.7%, with many Canadians using lines of credit to pay off their credit card balance.
Read moreNew Mortgage Rules Positive for Canadian Banks: Moody’s Investor Service
Moody’s Investor Service says that the new Canadian mortgage rules are positive for banks and will contribute to the stability of Canada’s financial system.
Read moreCanadian ‘debt fear’ may lead to slower lending growth for banks
According to reports, the growth on mortgage and personal lending may be about 3% to 5% for the next two years.
Read moreShorter Mortgage Amortization Keeps Canadians’ Best Interests in Mind
The recent announcement by the Canadian government to reduce the mortgage amortization period from 35 years to 30 years is aimed at lowering the risk of a housing market bubble.
Read moreMortgage Rule Change Could Affect Number of People Buying Houses in Calgary
The changes in mortgage rules announced by the federal Finance Minister Jim Flaherty may result in a slight drop in the real estate activity this year.
Read moreChanges in Mortgage Rules – Will they Encourage People to Save Rather than Borrow to Buy a House?
The federal Finance Minister has announced some changes in mortgage rules. These changes have been made as precautionary measures for preventing a housing bubble and curbing the rising household debt.
Read more
Contact Us
Contact us today to set up an appointment.