KEEPING YOU INFORMED OF WHAT MATTERS
It's not just rates and terms. Getting mortgage is also about rules, regulations and market trends. Stay abreast of relevant changes here by clicking on the links below. We regularly search the internet, mainstream and industry publications for news we think it is important for our customers to read. Check back regularly for upadates.
10-Year vs. 5-Year Mortgage
FINANCIAL POST- March 24, 2012 - Mortgage debates used to centre around whether to go fixed or variable but the discussion these days is not whether to lock in a rate but for how long?
Canadian Home Sales Stable in May
OTTAWA – July 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), home sales activity over MLS® Systems of Canadian real estate Boards climbed in...
National Resale Housing Report
June 15th, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity remained stable in May compared to April.
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Toronto Real Estate Report
TORONTO/ June 3, 2011 - Greater Toronto REALTORS®% reported 10,046 sales in May 2011 – up six per cent compared to May 2010.
This result was the second best on record for May under the current...
Q&A on New Mortgage Parameters
*FAQs — New Parameters on Mortgage Insurance - Canadian Mortgage and Housing Corporation
On January 17, 2011, the Government of Canada announced adjustments to the parameters governing the...
New Mortgage Regulations
Finance Minister Jim Flaherty has announced new mortgage regulations.
This morning, Finance Minister Jim Flaherty has announced new mortgage regulations aimed at reducing Canadians' soaring...
Comparison of fixed and variable rates
Click to view full size...
Canadian Mortgage Industry Report
TORONTO, ONTARIO - As concerns mount around the stability and strength of the Canadian housing market, one thing is clear: contrary to the U.S. mortgage broker market, this channel will remain a...
No more rate Increases for several months
With the Canadian dollar once again fluctuating near parity with the US dollar, the Bank of
Canada has one more good reason not to raise interest rates.
Our dollar is strong for several reasons....
What is your Credit Score?
Your credit score is a three-digit number that can determine whether or not you get a loan and at what rate.
Many insurance companies also use credit scores to decide what you pay to protect your...
Canadian housing is slowing in a balanced manner
Seasonally-adjusted sales of resale housing were down 30% in July from a year earlier. This dramatic drop was due to a couple of factors. One is the natural pullback from the house price surge of...
Why banks are not paying higher interest rates
So far in 2010, Canadians have opened 20 per cent more chequing and savings accounts than last year at this time. That amounts to about $100 billion in new deposits and Canada's major banks have...
World Market Monthly Report
I know that if we were to put ten economists in a room we would get ten different forecasts, but I have found Avery Shenfeld of CIBC World Markets Inc. to have a solid grasp of our economy and...
Canadian home sales sink 30 per cent in July
The housing market stalled in July as sales sank 30 per cent from the same month a year earlier, the Canadian Real Estate Association said Monday.<br><br>
Prices edged up 1 per cent from...
