Topic: Potential government mortgage changes Rate Changes: Fixed: Five year fixed rates have stabilized in the 3.29 to 3.39% range, with the ten year at 3.89% still being available as well. Variable: The variable is now holding steady in the prime -.1 to prime +.2 range. (prime is [...]
Rate Changes: Fixed: Five year fixed rates have stabilized in the 3.29 to 3.39% range, with the ten year at 3.89% still being available as well. Variable: The variable is now holding steady in the prime -.1 to prime +.2 range. (prime is 3.0%) A new twist to the CMHC and Canadian Mortgage insurance drama….. [...]
Good Morning, I hope you are having a fun day so far and had a good weekend, I have included below our weekly mortgage update with a focus on rental property financing updates. Mortgage Rate Changes: Fixed: Five year fixed rates have stabilized in the 3.29 to 3.39% range, with the ten year at 3.89% still [...]
Lets explore Canadian mortgage lock in policies …. When you sign on the dotted line for your variable mortgage, the thought enters your mind; “what if mortgage rates sky rocket? Am I going to be in trouble? How will I make my payments?” You ask your banker the question and he smiles and calmly says not to worry [...]
Wait a minute, I thought that the government took away 100% financing in Canada – they did, sort of – what they did not take away was your opportunity for a no money down mortgage. Doesn’t this sounds like Barack Obama style political double talk? Yes, but I will explain the semantics along with your [...]
If you are looking for a challenging and rewarding sales and finance career, there is a great opportunity for growth in becoming a mortgage associate in Alberta. The Canadian mortgage brokerage industry is a tremendous opportunity to build meaningful relationships with clients, lenders, and fellow associates in a fast-paced and constantly changing business environment. Mortgage Brokers are gaining [...]
Sometimes other people and other county’s misfortunes are our gain, this has never been more true than in the case of Canadian variable mortgages. The variable rate mortgages in Canada are calculated based upon either adding or subtracting a percentage amount from the Bank of Canada Prime rate. Earlier in the year and all the way up [...]
The ongoing stuggle between good business practice and ”what works for the banks” presents itself when we are working with our clients to obtain self employed mortgages in Canada. As a self employed person you know one the the advantages of being self employed is the flexibility that you have in how you show and structure your personal [...]
Probably the most under rated comedy of the last five years: Jeremy Piven – “The Goods” The best news for Calgary and Alberta home owners and purchasers this week – “The News” Good news for Calgary luxury home sales – “The luxury” An egghead has worries about the global economy – “What else is new?” [...]
The RBC Calgary housing affordability report has been released and it contains many promising indicators for home owners and new home purchasers in Calgary. This report is also complemented by many grass roots indicators that I have been seeing with my personal real estate portfolio in addition to my real estate investor clients: We have [...]
