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Low rates look safe for a while
Here is some good news for those in variable rate mortgages: Low rates look safe for a while Low interest rates and a rising Canadian dollar are giving strong hope that the Bank of Canada prime rate will stay low for the forseeable future.
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National Post: Fixed or variable? Time to revisit
There is a new article in the National Post discussing whether home-owners should choose fixed or variable in todays economic environment. Fixed or variable? Time to revisit It is interesting to me that over much of the time I have been in this industry, there are always pushes by the banks and media towards fixed…
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The Canadian Credit Bureau Story
If you have ever taken out a loan, used a credit card or participated in a “buy now, pay later” offer, you will have a credit history. Your credit report contains personal information, credit information, banking information, public records (bankruptcies or credit related judgments against you), collection information, consumer statements and credit report inquiries. Before…
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Canada’s Mortgage Market is NOT like the U.S.
As a Mortgage Professional I often field client inquiries about risks facing Canadian real estate and mortgage markets. With all the turmoil taking place across the border and around the world in real estate markets, now is a good time to clarify some of the differences between us and our neighbours south of the border.…
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Mortgages in a Brave New World
WHY AM I A MORTGAGE BROKER? I became a mortgage broker to help families take control of their finances, away from the banks and government. Mortgages are the loans with the lowest interest rates available. I help families to finance their beautiful new homes, decrease taxes, increase net worth, improve cash flow, and decrease debt…
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House prices, sales rise again
Alan Campbell, Richmond News It may not yet be time to cork the champagne, but there appears to be light at the end of the Richmond real estate tunnel. For the second time in a row this year, sales prices and sales volume improved from the previous month.
