News that may be of interest
Are you thinking about purchasing real estate? If you are, and planning to put less than 20% down, may we suggest doing it prior to March 17, 2017 . On March 17 CMHC plans to increase their mortgage insurance premiums….
“Increasing the complexity of a service raises the value of the service provider”. The last ninety days of 2016 have brought many changes to Canadian mortgage lending making the entire process much more complicated for all home owners, be they…
On October 3, 2016 the government of Canada announced that they were going to implement changes to the mortgage industry. These changes would go into effect on October 17, 2016. To say these changes were a surprise would be an…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is January 18 2017.
If you are planning to purchase your first home in the new year you could be receiving an additional $2000 in rebates. As of January 1, 2017, the current land transfer tax rebate of $2000.00 will double to $4000.00. This…
Once again, great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is December 7 2016.
With interest rates at all time lows it doesn’t surprise us that another big change is coming. As of October 17, 2016 all insured mortgages will have to qualify at the Bank of Canada mortgage qualifying rate(MQR), currently 4.64%. Previously…
It is an exciting time to purchase real estate when mortgage rates are the lowest they have been in history. It is also an appropriate time to look into other ways a low interest rate can help you reach your…
Once again, great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is October 19 2016.
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is September 7 2016.