Category: Featured
Prime Rate to Drop by July: Economists
Economists from several financial institutions including Bank of America-Merrill Lynch, Capital Economics and ING Financial Markets are predicting a 0.25% rate cut in Canada by July 2012 according to a November 2011 Reuters survey. Overnight index swaps have for some time been pricing in the 25 basis point drop.
Your Mortgage is the Key to a Happy Retirement
When planning for retirement, which vehicles offer the best return on your investment – investing in RRSPs, Tax Free Savings Accounts (TFSAs), financial assets that generate capital outside of registered plans, or making accelerated payments on your mortgage?
Alberta the only Province with Housing Start Increase
Alberta is the only province in Canada expected to see an increase in housing starts next year. Alberta has seen job conditions and inter-provincial migration rise dramatically at the expense of both Ontario and British Columbia. Increase in-migration has an upward affect on housing demand which we will see next year.
Rate is Only Part of the Mortgage Decision
When it comes time to choosing a mortgage, many homeowners opt for the lowest rate they can find, at the traditional five-year term, without paying attention to the fine print. In many cases, these no-frills mortgages – and even some that have frills -can make a huge dent in your wallet if you ever try to break them.
Bank of Canada Leaves Prime As-Is
The Bank of Canada has decided to maintain the target for the overnight rate at 1 per cent and Prime at 3.0%. With the target interest rate near historic lows and the financial system functioning well, there is considerable monetary policy stimulus in Canada.
Your Home Purchase: Part 4
The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be dividing your time. Part 4 is the last of this series. We discuss the strategies of looking for your home to help you find the right home for you and your situation.
Your Home Purchase: Part 3
The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be dividing your time. In Part 3 of 4 we discuss the importance of a careful budget.
Your Home Purchase: Part 2
The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be dividing your time. Part 2 of this 4 part series discusses the importance of a mortgage pre-approval.
Your Home Purchase: Part 1
The average Canadian homebuyer takes 11 months to plan their purchase, according to CMHC. If you’re thinking about buying in the next year, our four-part series will explain how you should be dividing your time.
The Perks of Using a Real Estate Agent
With new services such as ComFree.com, PropertyGuys.com and WeList.com many have questioned why using a Realtor is beneficial. While for some people these services may prove beneficial, there are many reasons to consider using a Realtor. Read this article for more details.
