Canada’s Housing Bubble
I was reading the Financial Post the other day and came across an interesting article on Canada's housing bubble and how CMHC has contributed to our situation. Diane Francis brought up quite a few valid points. As a mortgage broker I see the benefits every day of CMHC insurance and ...
Featured Property #1
8 WYTHENSHAW WOOD - TORONTO, ONTARIO Listing Price: $549,900 Agent Contact: Janis Evanoff 416-266-3339 MLS# E1732472 DESCRIPTION: Entertainer's Dream Home! Urban Living At Its Finest! Tucked Away On A Quiet Court, This Contemporary Open-Concept Bungalow Features A Dazzling ...
Homebuyer Tip – Bully offers
A Realtor that I work with has a video blog that is quite informative and I recommend checking it out if you are a home buyer. He recently did a post on what a "Bully Offer" is and how you can use it to your advantage when buying a home. ...
Why Bank of Canada is leaving rates alone
There has been alot of talk recently about the Bank of Canada and whether or not they should start raining interest rates. As the news we are hearing is starting to become more positive (strong Canadian dollar, Stock market rallies, Recession is over...etc), some are suggesting the Bank of Canada ...
Bank of Canada Keeps Prime Rate Unchanged
The Bank of Canada announced today that it will leave its key interest rate unchanged and restated its commitment to holding this rate steady until mid-2010, conditional on the outlook for inflation. The Bank noted in its statement that a recovery in economic activity is under way in Canada, “supported ...
Bank of Canada Keeps Rates Steady
The Bank of Canada announced this morning that it will leave its key interest rate unchanged and restated its commitment to holding this rate steady until mid-2010, conditional on the outlook for inflation. In its statement the Bank declared that “recent indicators point to the start of recovery in major ...
Variable Mortgage Rates Staying Low???
Is the Bank of Canada going to announce a rate hike on Thursday? Most analyst agree that the BOC will hold the prime lending rate steady at its current level. In the past the Bank of Canada has promised to keep the rate at .25% until June of 2010. This ...
1 Bloor East
For those of you that have been wondering what is going on with the vacant lot at 1 Bloor East, it looks like there might finally be some progress in sight. However it remains to be seen if that progress is good or bad for the homebuyers, investors and commercial ...
Don’t forget about the Canadian Renovation Tax Credit
The following article appeared on Yahoo Canada News Fri Jun 26, 1:19 PM By The Canadian Press OTTAWA - A new poll suggests more than one in three Canadians plan to take advantage of the federal government's home-renovation tax credit. More than eight in 10 of ...
Mortgage Flexibility Less Important
A recent survey conducted by British Columbia Credit Union, Prospera found that 60% of those surveyed under the age of 45 would be willing to give up some payment flexibility in favour of lower interest rates. 59% of those surveyed were not aware that interest rates are typically higher on ...
