7/22/2008 12:36:00 PM
Mortgage Rule Changes
Genworth is following CMHC's move; so as of Oct. 15/ 2008, there will no longer be 100% financing and 40 year amortizations available from Genworth either. CMHC and Genworth backed high ratio mortgages must have minimum 5% down and 35 year maximum. Clients ...
Views: 1051
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5/15/2008 7:59:00 AM
Cracks appear in the real estate market
For several years now I have been advocating that the Canadian real estate market was not behaving in correlation with the US market and that there was no bubble to burst here. Gloom and doom reporters have been trying their best to falsely create this situation ...
Views: 1172
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5/8/2008 7:04:00 AM
Property owners to get a fairer assessment appeal system
A fairer property tax appeal system is expected with changes announced by the provincial government. The changes mean the onus of proof on property assessment appeals is reversed so that, when a property owner appeals an assessment, the Municipal Property ...
Views: 629
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5/7/2008 4:32:00 PM
Rising Interest Rates In 2009?
CIBC Work Markets released a report this week forecasting 100 bps of Bank of Canada rate increases by the end of next year, which would essentially take back most of the rate cuts we have seen this year. This has implications for potential borrowers who may ...
Views: 935
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5/7/2008 4:32:00 PM
Will Interest Rates Be Rising In 2009?
CIBC Work Markets released a report this week forecasting 100 bps of Bank of Canada rate increases by the end of next year, which would essentially take back most of the rate cuts we have seen this year. This has implications for potential borrowers who may ...
Views: 865
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5/7/2008 4:25:00 PM
Credit crisis may be fading: Paulson
Some positive news from south of the border that may calm some of the unfounded fears of a real estate related crash that the Canadian media has been implanting in Canadian consumers for months now. JEANNINE AVERSA and MARTIN CRUTSINGER Wednesday, May 07, ...
Views: 513
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4/23/2008 11:19:00 AM
Stretched buyers fuel boom in housing?
Engine behind the country's housing boom has been increasingly leveraged first-time buyers TAVIA GRANT Wednesday, April 23, 2008 Canada may not have the sizable subprime market of the U.S., but the engine behind the country's housing boom has been ...
Views: 498
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4/22/2008 7:27:00 AM
Bank Of Canada Cuts Interest Rate
The Bank of Canada cut its benchmark interest rate on Tuesday by a half-percentage point to 3 percent, as expected, and signaled that further easing was required but suggested it might pause before cutting again. First time buyer's, those re-mortgaging ...
Views: 484
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4/16/2008 6:30:00 AM
Is Your Mortgage Tax Deductible? The SMITH Manoeuvre
Many of you would have at some point come across the theory of transferring your mortgage debt to investment debt. For those of you not quite sure what's involved in this strategy feel free to read on. If you are like most Canadians the answer is NO. The ...
Views: 531
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4/14/2008 8:08:00 AM
Open House in Hawthorne Village on Sunday
Hawthorne Village, Milton - We invite everyone to visit our open house at 819 Biggar Heights on April 20 from 2:00 PM to 4:00 PM . Property information
Views: 456
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