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Mortgage renewal? Why you should look around – Financial Post
There is an article on the Financial Post website today talking about what to do when to comes time for mortgage renewal. From the article:
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Just because you can qualify for a big mortgage doesn’t mean you should – Huffington Post
I came across an interesting article in the Huffington Post today about people borrowing up to the limits of their qualification to buy a home. From the article: A homeowner who files bankruptcy typically has a mortgage equal to 95 per cent of the value of their house. For consumer proposal filers the number is…
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BMO brings back the 2.99% mortgage
On the Globe and Mail website is a story about the Bank of Montreal (BMO) lowering their 5 year fixed rate to 2.99%. From the article: Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on…
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Housing starts down in August – CMHC
Housing starts dropped from July to August, according to CMHC. From CTV News: he annual pace of housing starts in Canada slowed in August to 192,368 units, down from 199,813 in July, according to the Canada Mortgage and Housing Corp. The pace fell short of the 195,000 units forecast by analysts. “The Bank of Canada…
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Mortgage broker practices score well – MBRCC
The Mortgage Broker Regulators Council of Canada (MBRCC) which is an association made up of mortgage broker regulators across Canada, released a press release on their findings that mortgage brokers are doing a mostly good job in determining the right mortgage products to get for clients. From the release: The report indicates that most mortgage…
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Real estate gains not as healthy as they seem – Financial Post
I came across an article on the Financial Post today that addressed the costs of buying and selling real estate, and how it can minimize what looks like substantial profits on a real estate transaction. From the article: Add it up, using the 7% figure for the first three sales and 9% for the last…
