Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — perhaps years — even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, BOC Governor Stephen Poloz said Thursday. The central banker told a luncheon in Saskatoon that the economy has room to […]
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Mortgage Insurance Premiums rising May 1st
Canada Mortgage and Housing Corp. has raised mortgage insurance premiums for the first time since the 1990s, and signalled more hikes could be on the way. Effective May 1st, CMHC Purchase (owner occupied 1 – 4 unit) mortgage insurance premiums will increase by approximately 15%, on average, for all loan-to-value ranges. The increases, which will apply […]
Read More“Alberta is bound for another housing boom“ -BMO Capital Markets Report
Calgary’s housing market is quickly heating up again and barring a sudden drop in oil markets, home prices have further to run and home builders will get busier in the year ahead, but a throwback to the frenzied pace of the 2006/07 boom is still a stretch, says new report released by BMO Capital Markets on […]
Read MoreCalgary housing prices forecast to stabilize in 2014
4.3% gain predicted for next year CALGARY – The Calgary Real Estate Board is forecasting house prices and sales to continue to grow in the resale market in 2014. On Tuesday, the board released its preliminary forecast, saying prices are expected to rise by 4.3 per cent next year and MLS sales are expected to […]
Read MoreBenefits of Equipment Leasing
Yes, on top of the full-spectrum mortgage lending, I can arrange your lease. But why should you lease equipment instead of buying it or financing it with your credit line or loan? Leasing allows you to save your cash for other things such as inventory, advertising or payroll or investing. When you lease equipment, you […]
Read More“Market Correction“ – What this term really means to Canadians
Pick up any newspaper today and no one could blame you if you got a little worried about the state of the economy or the fear of a pending market correction in Canadian real estate. What if Greece defaults? What about the Fiscal Cliff in the US? Are Canadians taking on too much debt? Have […]
Read More`Those waiting for big declines in home prices will likely be disappointed` -House Price Survey
House prices remained relatively flat in the first quarter of 2013 compared to a year earlier, with increases across the country averaging between 1.2 per cent and 2.4 per cent, according to a new survey released Thursday. In the first quarter, the national average price of a standard two-storey home increased 2.2 per cent, compared […]
Read MoreImproved disclosure of Interest Rate Differential (IRD) penalties
Those improvements, announced by the FCAC, were designed to make life easier for people needing to assess the cost of an early refinance or mortgage termination. The first set of enhancements arrived by last September. Among other things, they required banks to develop online educational material about IRD charges and online prepayment charge calculators. The final measures came into […]
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