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Newsworthy

News that may be of interest

A clear explanation of the minimum down payment increase

  • December 16, 2015
  • /
  • Newsworthy
https://www.youtube.com/watch?v=QrgW9hwUjo8
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The Big Short Movie- The story of the US housing collapse

  • December 14, 2015
  • /
  • Newsworthy

A star studded cast of Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt get together in this feature film to explain the collapse of the US housing industry. A true story.

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Finance Minister Announces Down Payment Rule Changes

  • December 11, 2015
  • /
  • Newsworthy

Down payment rule changes to come, February 2016. Full story, click here.

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Bank of Canada Maintains Overnight Rate, Prime will remain at 2.70%

  • December 2, 2015
  • /
  • Newsworthy

Press release. Great news for all variable rate mortgage holders. Prime will remain unchanged. Next announcement is scheduled for January 20, 2016.    

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mortgagesbycraig.com

7 days ago

mortgagesbycraig.com
Bank of Canada today did not change the overnight lending rate. Prime will remain at 4.45%www.mortgagesbycraig.com/bank-canada-maintains-overnight-rate-prime-will-stay-04-29-26/ ... See MoreSee Less

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mortgagesbycraig.com

3 weeks ago

mortgagesbycraig.com

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mortgagesbycraig.com

1 month ago

mortgagesbycraig.com
Wishing you and your family a safe and happy Easter weekend! ... See MoreSee Less

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mortgagesbycraig.com

1 month ago

mortgagesbycraig.com
Unless you are a professional rider trying to get a great photo there is no reason to look back. This applies to your business and your personal life. What happened yesterday or last year can’t be changed and dwelling on what happened only takes time and focus away from what you are doing today.Focus forward and be happier.wecreatehappiness.ca ... See MoreSee Less

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mortgagesbycraig.com

1 month ago

mortgagesbycraig.com
I noticed an American mortgage broker, Chris Smith, discussing a situation that applies to us north of the border. Certainly worth sharing, here is what he said…Everyone is waiting for 3% rates, however here’s what actually happens when they drop.- Demand explodes overnight- Inventory disappears- Bidding wars return- You end up paying $75,000 or more for the same propertyThe better play would be to buy now in a buyers market at 4%, and if rates fall, refinance mid term or re-address at maturity. Unlike the fully amortized 30yr mortgages available in the USA, us Canadians have a little more flexibility with being able to shop our mortgage after the smaller 5, 4 or 3 year term. ... See MoreSee Less

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