There's nothing super-human that you need to do to save money on your next home purchase. We have put together a list of lesser facts that you need to know so that you are privvy to the best advice we have about home mortgages gathered in our decades of real estate experience. You don’t need […]
If you're in the market to buy a new home, you might be one of the many who has to secure financing, otherwise known as a mortgage. The process can be a bit tricky, so we are going to help you along your way to homeownership by guiding you through the process of acquiring a […]
Your mortgage lender can be a wealth of knowledge when it comes to financing and closing a deal on your new Ucluelet home. These are the people who are intimate with the processes happening behind the scenes to get all the paperwork aligned for the purchase of a home, so you can ask for their […]
Not sure how mortgage insurance will help you with your second home or investment purchase? Check out this helpful article from Genworth Canada mortgage insurers to learn how insurance can benefit you: Genworth Canada talks about second home borrowing.
Article from the Wall Street Journal By Paul Vieira Focus Is on Risk to Taxpayers OTTAWA—Major changes to the rules governing Canada's mortgage-financing regime aren't in the offing, Canadian Finance Minister Joe Oliver said Sunday, as he played down suggestions Ottawa is looking to force the country's banks to bear more housing risk. Mr. Oliver […]
From the Canadian Mortgage and Housing Corporation Energy-Efficient Housing Made More Affordable with Mortgage Loan Insurance More than 17 percent of the energy consumed in Canada is used to run our homes. Buying an energy-efficient home or making energy-saving renovations can offer big savings. A 10% CMHC mortgage loan insurance premium refund, and a premium refund […]
What the Latest Canadian and U.S. Employment Data Mean for Our Mortgage Rates by Dave Larock Anyone keeping an eye on where mortgage rates are headed should pay close attention to the monthly Canadian and U.S. employment reports because the cost of labour is one of the main drivers of overall inflation. Bond yields, and […]
The British Columbia Real Estate Association (BCREA) reports that a total of 6,661 residential sales were recorded by the Multiple Listing Service® (MLS®) in March, up 16.8 per cent from March 2013. Total sales dollar volume was $3.7 billion, an increase of 21.5 per cent compared to a year ago. The average MLS® residential price […]
Financial regulator moves to guard against housing bubble Tara Perkins, The Globe and Mail Canada's financial watchdog has released a long awaited set of guidelines for the country's three mortgage insurers. The guidelines, which have been in the works since 2012, remain a proposal. The Office of the Superintendent of Financial Institutions will now hear […]
BMO lowered its key mortgage rate Thursday, offering 2.99 percent on a five-year fixed mortgage. Rob McLister, Editor of Canadian Mortgage Trends gives BNN his outlook for the housing market, mortgage rates, and the potential for a response from the government. Watch the news video from the Business News Network.
