Posts tagged ‘Toronto Real estate’
Canada Looks To Tighten Mortgage & Credit Lending Rules In 2012
Tweet This week there are two headlines grabbing the attention of mortgage brokers, bankers and borrowers in Canada. Both have far reaching implications in the mortgage industry and it may not be a fluke that both are making headlines in Canada at the same time. On the one side we have the government of Canada [...]
By The Numbers: October Statistics
Tweet The following is a selection of key statistics published by the Canadian Association of Accredited Mortgage Professionals. The numbers reflect the slight increases we have seen to fixed rate mortgages and the spreads on variable rate mortgages. Tweet
Is Buying A House A Good Investment?
Tweet If you watch the Lang & O’Leary exchange frequently, you will know that Mr. Kevin O’Leary in all of his financial wisdom refuses to own a home and prefers to rent. This may be surprising to some, as generally it is considered that purchasing a home is a good investment. This past week the [...]
The Mortgage Radar: Delights from Deloitte, Financial Consumer Agency of Canada, Owning A Home The Numbers
Tweet Last week Deloitte, a major international accounting and consulting firm, released a very flattering report regarding Canadian mortgage brokers and their importance to Canadian borrowers. The Wallstreet Journal article highlights why mortgage brokers are important to the mortgage market place. I couldn’t agree more or be prouder. Do you know what FCAC stands for? [...]
Mortgage Radar: TD Bank Collateral Charge, Investment Properties, Mortgage Qualification For Self Employed, Targeting New To Canada, Tax Deductible Fortitude
Tweet The Mortgage Radar includes news and blog articles that have come across my desk in the past 7 days that I think are of interest or provide entertainment value. The TD bank announced a major change to the way they register their mortgages, changing them from a “standard charge” to a “collateral loan”. The [...]
The Old Man, The Boy & The Donkey
Tweet An old man and a young boy were traveling through a village with their donkey. The boy rode on the donkey and the old man walked. As they went along they passed some people who remarked it was a shame that the old man was walking and the boy was riding. The man and [...]
Monday Interest Rate Review for August 16th 2010
Tweet If we were to take a general macro view of fixed mortgage rates in Canada one can say that when the markets (i.e. TSX, DOW etc) are strong there is upwards pressure on fixed rate mortgages and the opposite is also true so that when the markets are weak there is downwards pressure on [...]
Gifted Down Payment
Tweet Mortgages are very dynamic transactions. There are areas of the mortgage approval that don’t warrant any kind of special consideration but if for whatever reason the lender’s guidelines cannot be satisfied one can compromise the successful funding of a mortgage. Proof of down payment is one of those areas. Generally speaking proof of down [...]
Monday Mortgage Minute June 14th- Interest Rates
Tweet World Cup fever is on in Toronto and mortgage interest rates are remaining low and stable. While a variable rate mortgage may not fit everyone’s needs it remains a good option in today’s market. Give me a call to discuss whether it is right for you? Chris Molder – Son Of A Broker 416.461.0204 [...]
