Market Monitor

We keep our finger on the pulse of the mortgage investment market to provide you with the latest news and trends from our team of experts. Read our blog to get the latest on mortgage investing so you can invest with CMI.

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30 March 2010

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.

29 March 2010

Ottawa 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.

26 March 2010

Maintaining 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.

26 March 2010

Do 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.

25 March 2010

Variable 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.

24 March 2010

Time for Toronto Home Buyers to Come Out for Air?

The Toronto Real Estate Board (TREB) reported last week that home sales are up 70 per cent from the same time last year, when Canada was still deep in the recession. The recent record breaking warm temperatures are being cited for bringing out homebuyers during the first half of March.

23 March 2010

Are High Personal Debt Levels a Risk to the Canadian Economy?

What impact will personal debt have on the economic recovery that is now underway? It is just one factor among many, but high indebtedness will contribute to the slower-than-average economic growth expected in Canada over 2010 and 2011.