Coldwell Banker Fort McMurray
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Coldwell Banker Moves E-Magazine
Tag Archives: finances
Government controlling mortgage rates?
Finance Minister Jim Flaherty is coming under fire for using his position to pressure a private sector mortgage lender to raise its interest rates, an action that will increase borrowing costs for Canadians. Flaherty admitted to calling up BMO to … Continue reading
More Canadians Adopt a Low Rate Mindset
Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading
Posted in Alberta News, Canada News, Fort McMurray News
Tagged finances, interest rate, Mortgage, Real Estate
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TD Responds About Its Collateral Mortgages
Last week, CBC issued a report about TD’s new policy regarding mortgages. Here, TD Responds About Its Collateral Mortgages.
Canada vs the world – debt level comparison study
CanadaMortgageNews.ca has a informative article entailing Canada’s National Debt compared to numerous other countries in the world.
Insured Buyers are the Majority
Whether that insurance is offered by CMHC,
Posted in Canada News
Tagged canada guaranty, CMHC, finances, Genworth, Mortgage, Real Estate
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Inflation at 1.2% – forget any increase in interest rates
The Bank of Canada maintains overnight rate at 1%, inflation is at 1.2%, ergo, interest rates should remain low for the foreseeable future. Several analysts view the odds of an increase in borrowing costs in the near future is zero. … Continue reading
Posted in Canada News
Tagged bank, bank of canada, banks, finances, inflation, interest rate, Real Estate
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Cashback Down Payments
In another mandate by the OFSI federally regulated lenders will eliminate Cashback Down Payments. Lenders, such as credit unions, who are provincially, not federally, regulated may still approve these mortgages. However, CMHC spokesperson Charles Sauriol stated “CMHC supports the implementation … Continue reading
Posted in Canada News
Tagged bank of canada, banks, CMHC, credit unions, finance ministry, finances, Mortgage
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HELOCs capped at 65% but some exceptions still apply.
The Feds have moved the financial goal posts yet again, this time by capping HELOC loan to value ratio at 65% but some exceptions still apply, most notable with Credit Unions as they are provincially, not federally, regulated.
Posted in Canada News
Tagged credit unions, finance ministry, finances, HELOC, refinance
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Bank of Canada keeps interest rates on hold
The Bank of Canada keeps interest rates at 1% which has remained the same for 2 years, marking the longest period of unchanged rates since the 1950s.
Tips For Canadian First-Time Home Buyers
Since 2008 the Canadian Finance Ministry has tightened up the rules for government-backed mortgages 4 times. The most recent change in July 2012 hurt Canadian first-time home buyers the most because it made it harder to qualify for financing. Use … Continue reading
Posted in Canada News
Tagged amortization, finance ministry, finances, First Time Home Buyer, Mortgage, mortgage broker, mortgage term, rates
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