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Mortgages: Canada vs. U.S.
Mortgage News in Canada | December 23rd 2009 by Bruce
I've recently seen a number of articles discussing the differences between the Canadian and U.S. banking systems. Most of the discussion focuses on why the Canadian financial market didn't have the same kind of meltdown as the U.S. did with the s read more
Variable Versus Fixed Rate Mortgages with Jessi Johnson Mortgage…
Downtown Vancouver Real Estate Video Blog by Mike Stewart | December 15th 2009 by Mike Stewart
View on ExposureRoom Last week I had the pleasure of meeting up with Jessi Johnson of the Jessi Johnson Mortgage Team to discuss the merits of a Variable Rate Mortgage versus a Fixed Rate Mortgage. What is a variable rate mortgage? This is a mortgag read more
Real Estate Jackpot: Toronto Islands Edition
Mortgage News in Canada | December 1st 2009 by Bruce
A summer ritual for many people in Toronto is making the short trip on Lake Ontario by crowded ferry to the Toronto Islands. Between the pastoral surroundings and the amazing views of downtown, it's almost impossible to visit the Islands and not read more
Bubble-Free Property Investing
Mortgage News in Canada | November 30th 2009 by Bruce
I have to admit that I've been avoiding looking at my mutual fund statements lately what with the stock markets tendency to yo-yo from day to day. It does lead me to wonder if there are any recession proof mortgage investments. I know that with m read more
Home Mortgage Rates - Canadians Are Now Using Services of a Mortg…
Economic World Today Blog | November 28th 2009 by kon5518
For the majority of Canadians, their home is their biggest asset, and their most potent monetary tool. It's strange; given the impact of deciding on a particular mortgage that several homebuyers will spend a great deal more time choosing which st read more
Real Estate Bubble: The B-Word
Mortgage News in Canada | November 27th 2009 by Bruce
With rock bottom interest rates and real estate sales on a sharp upswing, is it possible that Canada is in, or headed for, a real estate bubble? That's right, the dreaded B-word. According to a report by analysts at Scotia Capital, "Is Canada in read more
Low Interest Rates: Good or Bad?
Mortgage News in Canada | November 27th 2009 by Bruce
You found that perfect house or at the very least the house that you want to make a home. The real estate market has bounced back from the downturn and interest rates are at near historical lows. You're pre-approved for a home loan. Sounds like t read more
How Much Can You Really Afford?
Mortgage News in Canada | November 26th 2009 by Bruce
You're finally ready to buy a home and with interest rates close to historical lows it seems like a good time to dip your toes into the real estate pool. You've been squirreling away money for your down payment, been pre-approved for a mortgage a read more
Competition Bureau Targets Real Estate Fees
Mortgage News in Canada | November 25th 2009 by Bruce
The Canadian Competition Bureau is taking aim at the Canadian Real Estate Association and the fees charged to sellers for the sale of property. In a nutshell, the competition bureau thinks there is an anti-competitive environment since over 90 pe read more
RBC Drops the rate for Secured Lines
Mortgage News in Canada | November 18th 2009 by Bruce
Canada's largest bank, Royal Bank of Canada, took up the lead recently and significantly lowered the interest rates on home equity credit lines. Now offering a variable rate of prime plus .50 percent, RBC is set to do battle with other banks on read more
Mortgages Rates: Use it or Lose It
Home Center | November 18th 2009
The housing market is looking fairly good right now. Sales are on the rise, thanks, at least in part, to ridiculously low mortgage rates. An article last week in the Financial Post discussed a survey by Royal LePage Real Estate Services Ltd, who samp read more
Canadian Tire Says Good-Bye to Mortgages
Mortgage News in Canada | November 11th 2009 by Bruce
Canadian Tire Financial Services announced recently that they would be saying farewell to their Mortgage Department. In a press release, Canadian Tire stated they would be selling their mortgage portfolio of about 1000 mortgages to National Trust read more
What can a Mortgage Broker do for you?
Mortgage News in Canada | October 31st 2009 by Bruce
When reading your local real estate papers, you will have come across ads for mortgage brokers. If you've never dealt with a broker before, you will probably have no idea as to what services they provide or if there is a fee to using them. Hiri read more
Mortgages Rates: Use it or Lose It
Home Improvement Care Blog | October 8th 2009 by kon5518
The housing market is looking fairly good right now. Sales are on the rise, thanks, at least in part, to ridiculously low mortgage rates. An article last week in the Financial Post discussed a survey by Royal LePage real estate Services Ltd, who samp read more
How to Stop Paying Too Much Interest on Your Mortgage
Mortgage News in Canada | September 27th 2009 by Bruce
It never ceases to amaze me how many people enjoy bragging about their mortgage rates, but fail to do anything productive with it. Allow me use the math to explain. Let's say you have a $200 thousand mortgage with a rate of 4%. I'll give you t read more
Canada's Status as #1 Wasn't a Fluke
Mortgage News in Canada | September 23rd 2009 by Bruce
Last year when the rest of the world was bestowing adoration and praise upon us for Canada's financial system stability, we here at home were waiting for the fuss and bother to pass. Conservative Canadians did not expect our way of life to shine read more
The Mortgage Pre-Approval Process
Mortgage News in Canada | September 18th 2009 by Bruce
Prospective home buyers are strongly encouraged to obtain pre-approval before even beginning the process of looking for a new home. Pre-approval means a lender has examined your financial situation, and approved you for a home loan of a pre-deter read more
Canadian Mortgages and Economic Recovery
Mortgage News in Canada | August 19th 2009 by Bruce
Although Bank of Canada Governor Mark Carney stated with confidence last week that the recession is over, most analysts predict a slow climb back. A look at some of the realities of our economy seems to lend credence to that belie read more
Canadian Mortgage Market Loses Wells Fargo
Mortgage News in Canada | August 12th 2009 by Bruce
The announcement by Wells Fargo that it is ceasing to offer consumer mortgages in Canada caught many industry observers by surprise. Wells Fargo was one of few major "alternative" lenders in Canada, i.e. a lender that offers non-pr read more
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