Tag Archives: canadian mortgage

Immigrants the proudest Canadians, poll suggests

We love people that are New to Canada. New immigrants are 20% of our business. There are lots of tricks on what is needed to get a mortgage for them and not all banks do these files BUT WE ARE … Continue reading

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New Canadian Mortgage Rules are Possible

Below is a commentary on the possible new rules for Canadian mortgages. Anyone looking at buying with 5% down (which is about 80% of our clients) or using a 30 year amortization (75% of our clients) should look at buying … Continue reading

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CIBC Being Sued: Unfair payout penatly calculations continue

This is interesting. We have always thought that the way they do their math was odd or different or something. Another reason to use a good Calgary broker that has other options than the Big 6 banks that continue to … Continue reading

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Calgary MLS sales jump 22% in August

CALGARY — MLS sales in Calgary rose by 22.1 per cent in August compared with a year ago — a greater year-over-year rate of growth than the rest of the country. The Canadian Real Estate Association said Thursday that Calgary … Continue reading

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Housing Market in Canada is Stable

Housing Market Still Stable: CREA Friday, 16 September 2011 According to new data released from the Canadian Real Estate Association, housing activity in Canada remained stable in the month of August, which represents the second month in a row. “The … Continue reading

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Owning a Calgary house more expensive: But still among most affordable in Canada

This is good news for those looking to buy. Prices are stable and affordable. Owning a home in Calgary became more expensive in the second quarter of this year but housing in the city is one of the most affordable … Continue reading

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A 180 Degree Change in Mortgage Rate Expectations

This last blip in the stock market has taken the wind out of the world’s recovery sails. It  now looks like rates are going to stay the same or go DOWN!?! for the 12 months or so. The USA has … Continue reading

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Variable rates are still good

In a time characterized by widespread economic turmoil across the US and Europe, there was a certain comfort to be taken in the mundanity of the Bank of Canada’s (BoC) report today. As almost unanimously predicted, the BoC left overnight … Continue reading

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Is Calgary’s boom back? Consumer confidence seen climbing ‘with a vengeance’

CALGARY – From BMWs to Bentleys to a good bottle of wine, Calgary consumers are opening their wallets in what’s being described as more than just a recovering economy – with some even willing to say the word “boom” again. … Continue reading

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ALBERTA’S HOUSING AFFORDABILITY REMAINS STABLE AND ATTRACTIVE: RBC ECONOMICS

Calgary market transitioning into a more vigorous phase. This is great news as affordability is super important. Note in Vancouver it takes about 3/4 of a person’s income to pay for their home. Yikes! Have a look at some other … Continue reading

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