Blog
Rising Mortgage Rates vs Declining Home Prices
2011-02-11 | 14:42:24
Do you really save money if home prices drop next year?On February 7, 2011, the Globe And Mail published a column by Rob Carrick titled “Rising mortgage rates are worst than you think.” Here, we expand on Mr. Carrick’s ideas. The...
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New Mortgage Rules Effective March 18, 2011
2011-01-17 | 12:44:37
Significant Changes on the Horizon for Home Owners & Purchasers in Canada On January 17, 2011, the Government of Canada announced significant revisions to mortgage lending rules. The two main changes are:1. Reducing maximum amortization...
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Home Refinancing 101
2011-01-13 | 10:55:11
UPDATE: Jan 17, 2011 --- Gov't of Canada has changed mortgage rules reducing amortization from 35 to 30 years and Loan to Value on refinances from 90% to 85%. These changes are effective March 18, 2011.Also known as: unlocking your home equity, re...
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Getting a Mortgage Pre-Approval
2011-01-04 | 14:14:57
If you are looking for a new home, be sure you are pre-approved with a mortgage professional.Some banks and credit unions do not actually verify your all information at the pre-approval stage. They prefer to perform the necessary due diligence...
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Quick Thoughts On The BC Housing Market
2010-10-21 | 16:57:02
After listening to Benjamin Tal, Senior Economist with CIBC yesterday, I was motivated to write a few of my own thoughts down as we shared many of the same opinions:- Two key elements needed for a housing crash: 1) Extremely high interest rates....
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HST Simplified
2010-10-12 | 16:05:35
Contrary to what you may have heard out there, HST only applies to brand spanking new homes. If you buy from the developer, you pay HST. Technically, HST is 12% of the purchase price, but rebates do apply so in many cases, you’ll pay...
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