Majority of Canadians Looking to Lock in a Mortgage
The smart money when it comes to the type of interest rate you want on your mortgage has typically always been a variable rate, right? This is the line of thinking that many Canadians have grown up with, because it’s the type of rate that’s likely going to save them the most money. But enter…
Read moreHow BMO is Doing It
Bank of Montreal knows that those who fail to plan, plan to fail; and that’s why when they hugely slashed their mortgage rates last week, they were prepared. And they made sure that Ottawa was too. When BMO first offered the limited-time mortgages in January, it gave Ottawa great cause to worry. Here they were,…
Read moreArizona, the Heart of Many Canadian Investors
How likely are you to buy a property in the States? In Tucson, Arizona, Canadians are very likely to buy properties, if only for investment purposes. It’s this area that has recently seen many Canadian buyers swooping up what’s on the market, and in an area that’s seeing a lot of foreclosures and other downturns, it’s…
Read moreHome Construction Going to Slow
Here’s an interesting fact for you: currently, Toronto is seeing more new home construction than any other city in North America. Need that put in perspective? Toronto currently has 158 new construction projects that include condos and skyscrapers; together New York, Chicago, and Miami only have 94 combined. Yowza. It’s no wonder Torontonians are always…
Read moreDon’t Want to Negotiate? Be Prepared to Walk Away
All the talk surrounding Canada’s housing market is about how prices are set to drop. No, they’re not going to plummet but yes, a drop is coming – and that’s generally great news for buyers who are looking to pay as little as possible. But if buyers aren’t careful, a drop in prices could mean…
Read moreRelax, Our Housing’s not in Trouble
Bubble, bubble, bubble. That’s all anyone’s talked about when it comes to Canada’s housing market over the past year or so. Prices keep going up, and many Canucks can’t help but see our future situation as being as bleak as it was in the States during the recession. And of course, no one’s more worried…
Read moreShould You do Your Own Taxes?
While you might speak to an Ottawa mortgage broker before taking out a home loan, and you’d never invest in the stock market without speaking to a broker, preparing and submitting your taxes works a little differently. It’s a highly detailed process that takes many aspects of your life into consideration and, if it’s not…
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