Blog

Rate update

2012-11-22 | 09:48:54

Hello EveryonePrime rate has continued to hold at 3% and there is no talk of any increases. There has been some more movement on the lenders variable rates. An article this week mentioned that 80% of mortgages are fixed versus variable, which is...read more

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Rate Update

2012-11-14 | 09:45:39

The fixed and variable rates have been pretty constant for the last 6 months and there is no sign of anything changing in the near future.Most of the reports I have read have stated that the housing starts and purchases will be less next year, but...read more

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Canadian Home Prices

2012-08-16 | 09:23:04

Home prices continued to decline across the country in July, according to Canadian Real Estate Association data released Wednesday.The Ottawa-based group said the average price of a home sold last month was $353,147, a decline of 2% from a year...read more

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Mortgage rule changes

2012-06-21 | 08:48:26

Hello everyoneFor the 4th time in 4 years there are more changes today in the mortgage industry.The federal government has been warning Canadians that the household debt is getting out of control and it hit a record high of 152% of household income...read more

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Rate update

2011-11-08 | 10:34:41

Good morning EveryoneFederal Finance Minister Jim Flaherty is expected to release his fall economic update today in Calgary—and he'll likely confirm the government won't meet its 2014-15 target for eliminating the deficit.The Conservative...read more

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Pre-approvals

2011-11-01 | 09:53:37

Lately the insurers have not been following their guidelines to the letter. They are making their decisions based more on the whole deal, rather than the debt service ratios and it is making it more difficult to give pre-approvals.The lenders are...read more

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