Blog
Fixed Rate or Variable Rate?
2011-10-17 | 11:10:08
The premium on fixed mortgage is very small For most of the past year, Canadians have leaned very heavily to variable-rate mortgages. Earlier this year, five-year variable mortgages were being offered at rates as low as prime minus 0.95 per cent (2...read moreChanges to Mortgage Rules
2011-01-19 | 12:14:01
New federal mortgage rules:- Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent, effective March 18.- Lowers the maximum amount Canadians ...read moreMore Home Buyers and Owners Using A Mortgage Professional
2010-11-04 | 13:13:58
CALGARY - The percentage of Canadians using mortgage brokers to buy their homes has increased significantly, according to a report released today.The Deloitte report, Winning Strategies in the Brokered Mortgage Marketplace, said that in the 1990s...read moreLow 5 yr Interest Rate of 3.49% - Why rent?
2010-10-20 | 16:07:58
Money is on sale! This month, a client locked in a five-year mortgage at 3.49%. They could have done the same in 2001, but it would have been about 7%. In 1982 it would have been 18%. Even in the low-rate days of 1952, it would have been...read moreMaybe Your Mortgage Needs a Check-Up
2010-06-26 | 21:03:23
Andy Holloway, Financial Post · Friday, Jun. 11, 2010While about 80% of Canadians visit a doctor at least once a year to help ensure they remain physically healthy, the number of people who check their financial health by regularly reviewing...read moreBest Time to Buy a Home is When you Can Afford It
2010-06-14 | 08:49:02
'You know, you're making the biggest mistake of your life. The housing market is going to fall."I got this great piece of advice from another journalist at the Financial Post, who has since left the newspaper, after buying my first home. Not exactly...read morenext »