Great news for home buyers. This is a clipping from the Newsletter of the Montreal Real Estate Board. The government injecting money to maintain the market growing, although no news for the 40 year mortgage or zero percent down payment- and we all wish it remains that way. If you can't afford to buy, then you should not get a mortgage. But for those with the means, lower interest rates are coming … [Read more...]
Canadian Government injects $75-Billion into the financial system. Lower interest rates ahead.
November 24, 2008 By 1 Comment
Should you lock in your mortgage?
June 27, 2008 By Leave a Comment
Interest rates are still low, but they’ve been steadily increasing. Here are some points to help you make the right mortgage decision. If you are buying a home, you may be wondering whether it’s better to lock in a fixed rate in case rates continue to go up, or choose a variable rate that floats with the prime rate. Similarly, if your existing mortgage is variable, you may be wondering … [Read more...]
Your Mortgage Broker: A Source for Financial Solutions
May 26, 2008 By 3 Comments
A mortgage broker can assist you in ways that go well beyond offering great rates. Many people think of a mortgage broker as someone who can help them get a good rate on their mortgage. While this is certainly true, a mortgage broker can also help you with much more than that. A mortgage broker is a licensed financial professional with whom you can form a long-term relationship that can … [Read more...]
Morning Interest Rates Headlines
April 3, 2008 By Leave a Comment
Requirements loosened for rental investors [Montreal Gazette] No money down if lender satisfied. Tight market in some regions prompt CMHC changes. "Budding real-estate moguls will welcome the news that Canada Mortgage and Housing Corp. has relaxed the rules for would-be Donald Trumps to purchase investment properties with no money down.The changes apply to rental properties with a maximum of … [Read more...]
Quebec Homeowners Intend to Pay off Mortgage Quickly
March 22, 2008 By 1 Comment
Canada Mortgage and Housing Corporation's (CMHC) 2007 Mortgage Consumer Survey shows that 76 per cent of Quebecers who recently purchased a home intend to pay off their mortgage as quickly as possible, and 65 per cent of purchasers agreed that they would use extra money to pay down principal whenever they are able - over the national average of 57 per cent. "This study confirms that Quebecers, … [Read more...]
Interest rate cut will help Canadian home owners and buyers
March 5, 2008 By Leave a Comment
The interest rate cut announced today by the Bank of Canada will help Canadian home owners and buyers, according to The Canadian Real Estate Association. The Bank of Canada cut its benchmark overnight lending rate by one-half of one percentage point to 3 1/2 per cent on March 4th, and signaled further cuts in the near future. The trend-setting Bank rate, which is set 0.25 percentage points above … [Read more...]
Subprime mortgage news update
February 26, 2008 By 1 Comment
Canada economy to slow, risks to downside - IMF (Reuters) Canadian economic growth will slow to 1.8 percent this year and there is a risk of an even sharper downturn as weakness in the U.S. economy spreads beyond the housing sector, the International Monetary Fund said in a report on Monday. After growing about 2.5 percent in 2007, Canada's healthy economy and fiscal standing will help it … [Read more...]
Lets connect