Clarification to Government Rule Changes
The announcement by the department of finance on February 16th left some room for interpretation. CMHC has recently announced clarification to the announcement. Read for details.
Can I Refinance My Home?
With interest rates so low today, many homeowners call us to see if they can refinance their home. In some cases they can, in others they can’t. Watch this brief video to see if you are able to refinance.
If you are thinking of locking in your variable mortgage rate…
Many clients ask us if they should lock in their variable rates while rates are so low. This article discusses our opinion on the matter for most borrowers.
Government Policy Changes
Policy changes by government can have a very positive, or a very negative effect on the economy and housing activity. The Department of Finance made some changes to the mortgage rules on February 16, 2010. See what they are and how they might affect you.
Housing Bubble or No Housing Bubble? That is the Question.
Is there a housing bubble? Is there not a housing bubble? Finance Minister Jim Flaherty suggested in December 2009 that there is. Since than many have spoken out against his point of view including Bank of Canada Governor Mark Carney. Now Flaherty has changed his tune. Read the full article for full details.
