Posts Tagged ‘mortgages

There was an article in the Globe and Mail today discussing a recent report by TD Bank. The report indicates that more Canadians are carrying debt into retirement. The report also states that the amount of debt for Canadians aged 45-65 is increasing. Quotes from TD Bank representatives state that this comes as a “surprise” […]

Today, the Canadian Mortgage and Housing Corporation released their financial information. There were legally required to do so. This is progress! Canadians should be proud that we now have this level of statistics from Canada’s largest insurer of home mortgages and home equity lines of credit. Here are some highlights: – HELOCS has dropped by […]

1st time home buyers are a very important factor in the housing market. As new buyers enter the market, it allows for other home owners to sell their property and “move up” into a larger home or “move down” into a smaller home. 1st time home buyers drive housing prices higher, allowing existing home sellers […]

Big news just announced in the housing market is that Finance Minister, Jim Flaherty just announced the following changes to the mortgage rules in Canada: * Mortgage amortization periods will be reduced from 35 years to 30 years. * The maximum amount Canadians can borrow to refinance their mortgages will be lowered from 90 per […]

This real estate video discusses 6 steps to help buyers improve their credit score in order to make sure that they are able to obtain financing for their mortgage at a low rate. Often buyers with poor credit scores will be required to pay a higher interest rate on a mortgage. Here are 6 tips […]

Porting a mortgage basically means to take a mortgage from one property to apply it to another property. Porting a mortgage is very common in Canada. In the real estate porting a mortgage video below, we discuss the different aspects of “Porting a Mortgage in Canada“. https://www.youtube.com/watch?v=c2RqhYbbcpQ Some of the things that you should be […]

In the news recently is the “robo-signing” problem that is happening in the USA. Apparently 30% of the US housing market is foreclosed properties. Approximately 2.5 million homes have been foreclosed on in the US since 2005, and there are another 6 million homes that are in foreclosure proceedings or about to be foreclosed on. […]

Two of Canada’s biggest lenders have cut their posted fixed mortgage interest rates, and economists predict rates may drop even further. The Royal Bank of Canada led the charge, announcing yesterday that its five-year lending rate would be cut to 5.59%, down a tenth of a percentage point. The Bank of Montreal quickly followed suit, […]

This Guide Has Moved. Please Update Your Links to the new page: PropertySold Mortgage Guide

The Canadian Press recently published an interesting article called ‘Float or Fix’ – a look at the decision homebuyers face in choosing a fixed or variable mortgage rate. With the recent interest rate hike by the Bank of Canada, and several more called for in the coming two years, the question becomes ever more pertinent. […]


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Canada Real Estate News

Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.