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September 4, 2010
September 4, 2010
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1 Year Closed : 2.40 % 3 Year Closed : 2.90 % 5 Year Closed : 3.65 % |
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NewsHome Inspection remains a buyer-beware environment Read Full Article Don't Bite Clients send us mortgage renewal letters all the time. It's surprising how banks continue to throw out highball rates on these letters, hoping people will bite. In one recent case from December 2nd, the ... Read Full Article BMO Gives Edge to Variables BMO released a report on Friday about choosing between fixed and variable-rate mortgages. BMO says, "Over the past 30 years it has been more cost-effective for borrowers to have a variable-rate mortgage 82% of the ... Read Full Article Home ownership more affordable for the fifth straight quarter but costs could creep up again soon, RBC says - Sept 9/09 It is becoming even more affordable to own a home across Canada these days but the costs could creep up again soon as the real estate market rebounds, a new report shows. Read Full Article Low Rates Here To Stay OTTAWA -- Despite growing confidence that economic growth is in the offing, monetary policy around the world is likely to remain "ultra-accommodative," perhaps until 2011, as doubt remains as to whether or not the growth expec ... Read Full Article Harmonized Sales Tax Will Raise Prices,Home Builders Say... HST could be a hurdle for buyers in a recovering market Home builders are worried that B.C.'s proposed harmonized sales tax will add significantly to the price of a new home, and perhaps slow down the real estate market's signs of r ... Read Full Article Housing affordability is likely to improve this year as house-price growth eases and falling interest rates make mortgages cheaper, economists say. Michael Gregory, senior economist at BMO Capital Markets, said housing affordability was becoming an increasingly important issue in some Canadian cities, with house prices jumping at "unsustainable" levels amid a surge in population-driven demand, a ... Read Full Article FIRST TIME HOME BUYERS - Government has amended requirements-2/1/08 The BC Government has amended the First Time Home Buyers requirements. The qualifications for the exemption have changed. A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 ... Read Full Article Mortgage Deductibility Case Goes To Top Court - Jamie Golombek - National Post - 10/26/2007 Supreme Court To Rule On Method Of Reducing Taxes The ability to restructure your affairs to make your home mortgage tax deductible — which has been challenged by the Canada Revenue Agency — is heading to the country’s highe ... Read Full Article |
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