In a large number of cities in South Western Ontario the real estate market is booming. Some may even call it (insert profanity) ridiculous! With booming markets comes multiple offers and it’s important to try not to get caught up…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is March 1 2017.
Are you thinking about purchasing real estate? If you are, and planning to put less than 20% down, may we suggest doing it prior to March 17, 2017 . On March 17 CMHC plans to increase their mortgage insurance premiums….
“Increasing the complexity of a service raises the value of the service provider”. The last ninety days of 2016 have brought many changes to Canadian mortgage lending making the entire process much more complicated for all home owners, be they…
On October 3, 2016 the government of Canada announced that they were going to implement changes to the mortgage industry. These changes would go into effect on October 17, 2016. To say these changes were a surprise would be an…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is January 18 2017.
If you are planning to purchase your first home in the new year you could be receiving an additional $2000 in rebates. As of January 1, 2017, the current land transfer tax rebate of $2000.00 will double to $4000.00. This…
Even if you have no interest in football I think there is lesson here that everyone can benefit from.
Once again, great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is December 7 2016.
Ever wonder how much that new car payment or line of credit balance is costing you when you start looking for a home? Perhaps you didn’t know that any personal debt you carry restricts the amount of money you can…