Interest Rates on the Rise in Canada
Here we go folks, it’s the moment we’ve been waiting for: Canadian banks are starting to raise interest rates on fixed-rate mortgages. Well, not all banks, at this point it’s Royal Bank of Canada (Canada’s largest bank), TD Canada Trust, and Laurentian Bank who have made changes to their mortgage rates.
Read moreTips on Avoiding Unexpected Expenses When Buying a Home
About the only thing I knew as a first-time homebuyer was that I didn’t know anything. I had bought a condo from the builder, practically on a whim one weekend, and waited three painful years until I could move in.
Read moreHomeowners Worry About Rising Interest Rates in Canada
A recent survey conducted by Royal Bank of Canada revealed that while more Canadians are anticipating entering the housing market before interest rates and home prices rise, current homeowners are concerned about the potential of those higher interest rates.
Read moreNew 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 moreMaintaining a Good Credit Rating as Mortgage Rules Tighten
Personal debt levels in Canada are at an all-time high. In April, 2010 the federal government will begin tightening the rules on mortgage lending. Banks are also implementing tougher standards for lending money. In short, it is getting harder to borrow so a good credit rating is a must.
Read moreDo You Understand Your Mortgage Agreement?
Think you know the terms of your mortgage agreement? Well, according to this article, many home buyers don’t understand the terms used in their mortgage contracts. For the majority of us, buying a home is the biggest purchase that we’ll make in our lifetime.
Read more
Contact Us
Contact us today to set up an appointment.