A Different Kind of Default
We thought we had heard the last of the problems caused by the mortgage rules that were instated last year. But for some condo buyers, the problems are just starting. Those problems come in the form of pre-approvals, some of which were obtained as long ago as 2009, and how borrowers can no longer afford…
Read moreHow to Pick a Good Chequing Account
Yesterday we took a look at banking accounts, and the number of Canadians that are sick of the banking fees they continue to pay. Today, we’ll help you out with that a bit, showing you some tips that will help you get a better deal if and when you ever decide to make the switch….
Read moreAre You Sick of Bank Fees?
It’s Thanksgiving weekend here in Canada, and while we’re all spending time with our family and looking back on our blessings, even we as Canadians are known to utter a complaint or two from time to time. When it comes to the bank we deal with, most of us have one major complaint – the…
Read moreThings that we are Thankful For
It’s Thanksgiving! A time to gather around with your family, gobble up all the turkey you can, and of course, think back on all the many things you are thankful for. It’s a tradition here at CMI that we take a little time right here on the blog to take a look back at the…
Read moreMoney Talks: Volume 46
Mortgages, real estate, and finance, oh my! Yes, the news headlines have once again opened up to include every aspect of the mortgage and housing market, and there’s even some Thanksgiving news thrown in there too. With that said, here’s our 46th edition of Money Talks. Personal Finance You’ve been working so hard to save…
Read moreUptick in Housing Starts; but is that Good News?
According to the Canada Mortgage and Housing Corporation, there was an increase in housing starts during the month of September, but that doesn’t mean that they’re forecasting good news for the Canadian market. Housing starts weren’t just up in September when compared with the month before, they were also approximately 10,000 more than experts and…
Read moreWhen Mortgage Rates Go Up, they Often Come Down
When mortgage rates were on the rise in August and September, they had home buyers and those looking to renew their mortgage in a panic. Rates rose significantly and pretty quickly, and had experts and analysts claiming that the predicted doom was here and that it would send our housing market into a tailspin. However,…
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