New US Home Sales Fall Off a Cliff Last Month
Per an Associated Press article in the Globe and Mail, US home sales “collapsed” in May, with sales tumbling a staggering 33%. This is due to the government’s stimulative tax credit – part of the recovery package – expiring.
Read moreSome Canadian Banks Lowering Mortgage Rates
As Mortgage Rates Fluctuate it is Imperative to Talk to Your Mortgage Broker. Following a June increase in prime rates, and as residential mortgage rates across Canada threaten to rise, alongside the state of our economy.
Read moreCanadian Home Owners Experience the Wealth Effect
As Canada Housing Prices Rise So Do Our Spending Habits. Statistics Canada recently revealed that average the average net worth of Canadian households has risen by almost one and a half percent (1.3% to be exact).
Read moreLower than Expected Inflation Numbers May Influence Mortgage Rates
Continuing lower than expected inflation is liable to affect Bank of Canada’s overnight lending rate and could lead to higher mortgage rates after July 20th.
Read moreThe Risk of Deflation
How Might Deflation Affect the Housing Market? For so many years, the question has always been “is inflation contained?” Well, it may be that we should be worrying about the opposite problem.
Read moreHow Can FICO Scores Affect Your Mortgage Approval?
Learn the Ins and Outs of FICO Scores and How They Affect Your Mortgage Approval Chances. Getting approved for a mortgage is no small feat, especially if you have had financial difficulties in the past that may have marred your credit record.
Read more40% of Canadians in the Market for Hybrid Mortgages
Over 40% of Canadians Looking for a Mortgage are Researching Hybrid Mortgages. Choosing between a variable rate mortgage and fixed rate mortgage can become a complex issue for many homeowners.
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