New Mortgage Rules – Confusing Home Buyers?
It seems the some potential homebuyers are confused about the new mortgage rules coming into effect on April 19. The most important thing to understand is that the rules only apply to buyers who need government-backed mortgage insurance.
Read moreOttawa is a Great City for Home Buyers and Sellers
Good news for real estate buyers and sellers in Ottawa. A sustained strong real estate market is making the the city a great place for sellers and a slight increase in resale home affordability is good news for buyers.
Read moreVariable or Fixed-Rate – Which Mortgage is Right for You?
I was talking with my dental hygienist the other day—or as well as anyone can have a discussion while having their teeth cleaned. She’s bought a condo and it’s time for her to move in and she can’t decide whether or not to take a variable or fixed rate mortgage.
Read moreCanada – Heading for a Housing Crisis?
Simone Baribeau, US Editor of Money Supply at the Financial Times of London, took a swipe at Bank of Canada Governor Mark Carney recently when she questioned whether or not Canadian monetary policy has really softened the economic blow of the recession or if we just haven’t hit our own U.S.-style housing crisis.
Read moreCanadian Real Estate Market – Top Reasons Young Canadians Buying
A new survey commissioned for RBC Royal Bank shows that younger Canadians are expected to take the lead in home buying in 2010. Low interest rates, new jobs and perceived “good prices” are cited as top reasons as indicated by the survey. This seems to show a definite shift in attitudes in this group of young Canadians.
Read moreCMHC Needs to Reconsider Criteria | Dodge | Former Head of the Bank of Canada
CMHC Needs to Reconsider Criteria – Dave Dodge, Former Head of the Bank of Canada Throws in His 2 Cents.
Read moreIs Mortgage Borrowing Getting Tougher in Canada?
Finance Ministry to Revise How Banks Lend to Borrowers.
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