Two Montreal Men face Mortgage Fraud Charges
It was earlier this week in Montreal when RCMP arrested Kihn Ho Quan, 56, and Hermel Bosse, 58, with over $4.5 million worth of mortgage fraud. The arrest came after four grueling years of the RCMP following the men and trying to collect enough evidence against them. While over the course of those years, it’s…
Read moreWhat will REITs do in 2012?
Welcome to our final post in our miniseries about REITs! Over the last two weeks we’ve taken a break from home equity loans and second mortgages (at least on Mondays and Fridays) to talk about the lesser-known Canadian investment that can have some great returns. We’ve looked at just what exactly a REIT is, the…
Read moreIt’s Going to Get Tougher to Get a Mortgage
Well, it looks like people can put off any talk of a housing bubble. If Canada were in one, the government and the CIBC have started to deflate it by now making it that much harder to buy a home. It’s not impossible no; and we’ve certainly had tighter rules and way, way higher interest…
Read moreCMHC is Nearing Mortgage Insurance Cap
Many of us know about CMHC mortgage insurance; and those of us that do are either trying to find a way out of paying it, or are hoping that we never have to. But on Tuesday, the Canada Mortgage and Housing Corporation issued a statement to all major banks in Canada, saying that they were…
Read moreIs it Better to Rent an Apartment or Condo in Ottawa?
The Ottawa Citizen recently looked at two of the latest trends happening in Ottawa’s housing market that happen to coincide with one another: a drop in rental real estate construction and, just like everywhere else in the country, an increase in condo construction. These two trends have led to another trend: landlords that no longer…
Read moreHow to Choose REITs
On Friday in our mini-series about REITs in Canada, we looked at the different types of REITs you could buy. But there’s a lot more to choosing a REIT than just knowing whether you want one that deals in retail space or one that’s directly tied to Canadian mortgages. Just like any other shares you’re…
Read more3 Options for Getting a Mortgage with Bad Credit
Truthfully, you have lots of options for getting a mortgage with bad credit. While you’re most likely going to pay higher interest rates, bad credit doesn’t always automatically mean you’re doomed when it comes to buying a home; and once you start looking, you’ll find there are options you never even thought of, or knew…
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