The CMHC’s latest annual survey of mortgage consumers reveals some interesting insights into the habits and thoughts of those we do business with. Sixty per cent of mortgage renewers do so before the scheduled date with most doing so to avoid perceived mortgage rate increases. Almost half of mortgage consumers pay more than their minimum […]
General Information
No more mortgage rule changes
The Bank of Canada has made a number of mortgage policy changes – including a number of measures that have drastically impacted mortgage broker business – but the Bank of Canada has said it is done tinkering with programs for now. “We don’t see a need for an immediate shift in policy,” Finance Minister Joe […]
Are you paying more when buying brand new?
A question that comes up from time time is ‘why would I want to pay the GST on a new home when I can buy one without?” Where I understand the thought behind it, there really is no cost savings. You can actually save some money if you need to pay the Property Transfer Tax. […]
Collateral Charge Mortgages
CBC did a follow up to it’s report a little while back I had blogged about. Now I’m not saying collateral charge mortgages are the worst product out there, I’m saying that they are not for everyone and if you had a choice to not have one, then don’t as it can restrict what you […]
Ten secrets of sophisticated real estate investors
There are many things that can affect the market value of a property, ranging from interest rates to home improvements to the mood of the seller. Below are some of the key dynamics that tend to have the largest influence on home values that every homeowner or aspiring homeowner should be aware of. These factors […]