CMHC senior economist for the GTA talked about hot areas for first time buyers in the GTA at yesterdays conference for the Canadian Association of Accredited Mortgage Professionals
Check out Toronto Realtor George O’Neill talk about using Bully Offers when purchasing your home.
Mortgage Pre-approvals may soon be extinct. The high cost to banks of issuing pre-approvals is finally causing them to make some changes. Some lenders have cut out pre-approvals completely while some are charging a rate premium.
Great advice on planning your next mortgage to make sure it will set up your family for financial success and adapt with your needs for years to come……it’s not all about rate!
RBC announces 2/3 of Canadians think now is a great time to buy a home….so why is this not translating into more property sales? Housing prices have seen a decline and interest rates are at an all time low…….could we ask for a better time to buy a house?
| 6 Months | 4.60% | 3.85% |
| 1 Year | 3.65% | 2.49% |
| 2 Years | 3.95% | 2.95% |
| 3 Years | 5.04% | 3.69% |
| 4 Years | 5.14% | 3.89% |
| 5 Years | 5.39% | 3.69% |
| 7 Years | 6.30% | 4.95% |
| 10 Years | 6.50% | 5.20% |
| Variable | NA | 1.80% |
