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Home Sales on the Rise?(!)

Home Sales on the Rise?(!)

While home sales rose for first time since March, and the sales of existing homes rebounded in September the numbers are still down from last year and the group representing the country’s nearly 100,000 real estate agents is finding it hard to gather much enthusiasm...
Home Sales on the Rise?(!)

Bank of Canada is Status Quo

Today was a meeting with the Bank of Canada to go over all things financial in Canada, mortgages included.  In today’s canadianmortgagetrends.com article it reads: It’s Status Quo With the BoC Carney and company have again left Canada’s trendsetting overnight...
Canadians May Have Overlooked Some Changes

Canadians May Have Overlooked Some Changes

Here is some GREAT advice from the voice of  CKNW’s “The Mortgage Show”: “With the latest round of changes to insured mortgages, which came into effect July 9th, 2012, it appears that Canadians may have overlooked some changes that they should...
Home Sales on the Rise?(!)

Canadian Housing — In a Bubble?

I read an interesting article today that certainly needs to be shared with all my readers!  If we think as Canadians that we are not about to burst our housing bubble, then I do believe we have another thing coming.  David Madani, an economist with Capital Economics,...
Home Sales on the Rise?(!)

First-time Home Buyer Bonus

With the B.C. Provincial Budget coming out last week there was some good news for first time B.C. home buyers! The bonus is equal to 5% of the purchase price of the home (or in the case of owner-built homes, 5% of the land and construction costs subject to HST) to a...
Home Sales on the Rise?(!)

CMHC Backing Fewer Loans

You may have seen by now that the … CMHC (is) backing fewer loans The Financial Post reports: Canada Mortgage and Housing Corp. is cutting back on mortgages it insures as the Crown corporation edges closer to a $600-billion cap imposed on it by the federal...