Keep The Condo...Pay Down The Mortgage...Lower Your Taxes
On the Globe and Mail website today is a segment in which a reader poses a question about her financial situation and […]
Vancouver Home Sales Down 30%, Still The Second Best June Ever
In this article on the Globe and Mail today, they talk compare sales from this past June with the June of 2009, […]
Bank of Canada Decreases Mortgage Qualifying Rate
The bank of Canada has decreased the their 5 year qualifying rate to 5.79%. This is the rate that “A” mortgage lenders […]
US Mortgage Situation Bleak in Contrast to Canada
I came across this interesting article today that talks about the struggles in the US mortgage industry and housing market and also […]
Strong Job Numbers Lead to Prime Mortgage Rate Increase
There is a news report today following a report from Statistics Canada stating that the Canadian economy added 93,000 jobs in the […]
New Mortgage Rules make Changing Lenders Difficult
I came across this article in the Financial Post today that confirms some of the things I have been writing previously, and […]
Dollar Soars, Mortgage rates to follow
The Bank of Canada made a decision to keep the prime lending rate as it is for now, but removed the guarantee […]
Variable mortgage rates to stay low until next year
According to the FINANCIAL POST, on Thursday, the chief economist of CIBC, Avery Shenfeld, has estimated that the Bank of Canada prime […]
Vancouver area residents struggle with housing costs
Based on the article Canadians struggle with high housing costs in the Vancouver Sun, 67 percent of Vancouver households struggle with housing […]
Banks increase 5 year fixed mortgage rates
Today, Toronto Dominion Bank (TD) and The Royal Bank of Canada (RBC) increased their 5 year fixed rates by 0.6%, which is […]