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| May 15, 2008 |
| Credit Scores and Mortgage Shopping. When you apply for a mortgage your lender or mortgage planner will almost always check your credit. Most Canadian lenders use Equifax for this purpose.
Here ... |
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| May 9, 2008 |
| Rates to Reverse Upward - CIBC. Mortgage rates will climb at least 1% next year if CIBC is right.
Economist Jeff Rubin expects "a material acceleration in inflation in Canada over the next 12 ... |
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| May 4, 2008 |
| More on 40's.
In case you weren't tired enough of the 40-year mortgage debate, here are a few final thoughts...
People generally choose 40-year amortizations for three main reasons:
a) ... |
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| April 28, 2008 |
| Bond Yields March Higher.
5-year bond yields have been on a one-month ascent. They've now risen over 1/2% from their multi-decade lows in March.
The upswing comes thanks to positive economic ... |
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| April 23, 2008 |
| Shopping around for money. Today's homebuyer is offered options that weren't thought of a few years ago.
House hunting this spring? You've never had it so good. Interest rates are ... |
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| April 22, 2008 |
| Bank of Canada Signals Economic Woes. Bank of Canada slashes interest rates by half-point
OTTAWA - The Bank of Canada has signalled its concern over the stalling economy by slashing interest rates half ... |
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| April 20, 2008 |
| Mortgage Strategies.
Pre-paying your mortgage is one of the best after-tax uses for your hard-earned cash. A lot of people talk a big game about their plans to pre-pay their mortgage but then ... |
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| April 18, 2008 |
| Mortgage Mentor - Reviewed. Most of the time it's pretty easy for a professional mortgage planner to recommend a suitable mortgage--but not always. Many borrowers have circumstances that don't ... |
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| April 14, 2008 |
| Predicting Fixed Mortgage Rates. People who closely track fixed mortgage rates always have an eye on bond yields. That's because bond yields are a key benchmark that lenders use to set fixed ... |
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| April 11, 2008 |
| Brokers no longer only for poor-credit risks. Access to more than 40 lenders ensures buyers are exposed to competitive rates
Napolitano offers this advice to mortgage hunters.
"A clean credit history ... |
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| April 9, 2008 |
| Income Property Investment For New Investors. FrugalTrader -2008
Aspiring real estate investors seem to ask one question more than any other: "How much do I have to put down to buy an income ... |
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| April 2, 2008 |
| The end draws nigh for real estate boom. But as interest rates increased, the American economy softened and realization spread that real estate was overvalued. The bubble burst -- and with a vengeance.
So, ... |
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| March 26, 2008 |
| Being environmentally friendly can pay-even for mortgage shoppers. . Eco-Mortgage Savings
CMHC's Energy Efficiency program is one example.
If you don't have 20% to put down, you'll ... |
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| March 19, 2008 |
| U.S. Chops Rates. Now It's Canada's Turn. America's key lending rate fell another 3/4% today, and economists expect the Fed to keep on cutting.
Now the ball's in the Bank of Canada's ... |
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| March 17, 2008 |
| Rates on the Move. OTTAWA - Inflation figures being released this coming week are widely expected to show that the Bank of Canada has a lot of room to cut interest rates to stimulate what other recent ... |
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| March 10, 2008 |
| Insuring Your Mortgage Provides Peace of Mind. For most people, the biggest purchase they'll ever make is a home. And chances are, much of that purchase will be financed by a mortgage.
While people ... |
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| March 7, 2008 |
| How to pay off your mortgage fast and save thousands in Interest!. If you put a little thought and planning into your "mortgage strategy" you could save tens of thousands during the course of your loan. ... |
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| March 4, 2008 |
| Bank of Canada lowers overnight rate to 3 1/2 percent.
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 ... |
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| March 2, 2008 |
| Teaser Rates in Depth.
Teaser rates are typically used as a hook to catch new business. They entail a big discounted rate up front and usually a higher than normal rate on the back end.
Teaser ... |
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| February 29, 2008 |
| Mortgage Bytes II.
Mark Carney, Governor of the Bank of Canada, says: "further monetary stimulus is likely to be required in the near term." That appears to mean a 1/4% to 1/2% cut in interest rates ... |
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| February 26, 2008 |
| 40-Year Ams...Pros and Cons. Million Dollar Journey says "if you can't afford a 25-year mortgage on the home that you want, then the home is too expensive."
For some clients, and ... |
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| February 20, 2008 |
| Canadian inflation rate slows.... OTTAWA - Canada's inflation rate slowed to a five-month low in January, thanks to the one-percentage-point cut in the goods and services tax that took effect at the ... |
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| February 13, 2008 |
| Time to fine-tune mortgage. Many homeowners still remember the early 1980s when mortgage rates were in the 20 per cent range and people were actually locking in, fearing they were about to go even higher. ... |
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| February 7, 2008 |
| Variable Rate Qualifying. Just because someone can afford a variable-rate mortgage today doesn't mean they can afford if rates rise. That's why lenders will often qualify you at (i.e. ... |
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| February 6, 2008 |
| Mortgage Renewals: Don't Just Sign Them.. Renewals account for 53% of all residential mortgage business in Canada. Yet 70% of mortgage holders simply sign and return their lender's renewal ... |
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| February 4, 2008 |
| Variable Mortgages Pick Up Steam. The Globe's Rob Carrick says"Go with a variable rate." These days, he feels there's little risk and lots of reward.
Monster Mortgage's Vince Gaetano ... |
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| January 29, 2008 |
| Economic Conditions Support Strong Housing Demand. On the whole it is still anticipated that domestic demand will remain the engine of Canada's economic expansion for 2008.
Consumer spending ... |
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| January 22, 2008 |
| When Will Fixed Rates Follow Bond Yields?. 5-year bonds rates sank to 3.36% today, their lowest yield since September 2005. Meanwhile, 5-year fixed mortgages (which normally hinge off bond yields) ... |
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| January 22, 2008 |
| Bank of Canada cuts rates by 25 basis points . OTTAWA - The Bank of Canada has cut its key interest rate by a quarter of a percentage point, and is indicating there are further cuts to come, in order ... |
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| January 17, 2008 |
| Report Shows Affordable Housing Remains An Issue. Anne Kyle - SK Leader-Post - Despite increased levels of home ownership, finding affordable housing is still a challenge for the most vulnerable in Regina ... |
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| January 16, 2008 |
| Canadian Banks May Ignore Expected Interest-Rate Cut . Jan. 16 (Bloomberg) -- Toronto-Dominion Bank and other Canadian lenders may not match an expected interest-rate cut by the Bank of Canada next ... |
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| January 7, 2008 |
| New Year's Resolution. Making Your Mortgage Fiscally Fit
Make sure to include paying down your mortgage ... |
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| January 7, 2008 |
| CAAMP Mortgage Statistics. Mortgage-Statistics 81% of Canadians are happy with their mortgage says the Canadian Association of Accredited Mortgage Professionals (CAAMP). CAAMP's findings are ... |
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| January 4, 2008 |
| Saskatchewan real estate on fire. Saskatchewan real estate on fire: TD Economics
A TD Economics “Housing Market Commentary” released yesterday describes Saskatchewan’s real estate market as “on fire” ... |
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| December 4, 2007 |
| Bank of Canada cuts key interest rate to 4.25%. The Bank of Canada cut its key interest rate by a quarter of a percentage point Tuesday, citing the increased risks to Canada's economy from the ... |
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| October 29, 2007 |
| Canada creating better jobs.
Canada's economy is churning out not only more but also better jobs, with
layoffs in manufacturing ... |
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| October 2, 2007 |
| Bank of Canada moves to defend its target rates for 4th time since Thursday.
OTTAWA - The Bank of Canada intervened in financial markets again on Tuesday, buying $855 million of securities ... |
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| September 26, 2007 |
| Dodge warns of inflated housing market. OTTAWA, VANCOUVER -- Bank of Canada Governor David Dodge is raising a red flag about housing prices in Canada, saying that increasingly loose lending rules may ... |
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| September 5, 2007 |
| Bank of Canada holds line on interest rates. Canada's central bank held interest rates steady Wednesday, abandoning its July rate tightening and adopting more of a wait-and-see approach after ... |
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