Tag Archives: canadian mortgage

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

Posted on May 26, 2011 by

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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Why you do not want a collateral mortgage from TD or RBC

Posted on May 9, 2011 by

Broker: Clients now suffering collateral damage from collateral mortgages I have had to say “sorry, we can not help you” to clients with collateral mortgages more than ever in the last year. TD and RBC offer them and here is … Continue reading →

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Why I paid $10,000 to break my mortgage

Posted on May 6, 2011 by

Below is a great article about why paying the payout penalty can be worth it for you. We always do the math for you to ensure that it is a better deal AND we also include any other costs in … Continue reading →

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Coming soon: higher interest rates

Posted on May 2, 2011 by

This may be the best example of why the rates are going to start to go back to their long term average of 6. 5% for the 5 year. Now may be the best time to look at locking-in if … Continue reading →

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Real estate: A ‘secret’ tax shelter

Posted on April 11, 2011 by

By Jason Heath TFSAs have been a welcome addition to the tax shelter landscape in Canada, but they leave something to be desired for those with substantial assets and maxed out RRSP and TFSA room. Film limited partnerships have disappeared, … Continue reading →

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Canada in middle of growth spurt, to lead G7 in first half of 2011: OECD

Posted on April 6, 2011 by

Canada is like the average student in the poor class, not the brilliant student in an average class. But, as Charlie Sheen says, “winning!” By The Associated Press OTTAWA – A leading international think-tank says Canada will lead its peers … Continue reading →

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Experts best at brokering mortgage

Posted on March 31, 2011 by

Denise Deveau, Postmedia News · Mar. 30, 2011 | Cheryl Hutton and Aaron Coates always thought getting a mortgage would be a challenge. But within 18 days of visiting a mortgage broker, they were able to close a deal on … Continue reading →

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Calgary ranks third on global prosperity score card

Posted on March 29, 2011 by

Calgary ranks third on global prosperity score card: Toronto Board of Trade BY KIM GUTTORMSON, CALGARY HERALD Calgary is back near the top of a score card that ranks prosperity in a number of cities around the world, besting all … Continue reading →

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Calgary house prices expected to increase

Posted on March 24, 2011 by

Calgary house prices expected to increase Local market classified as balanced CALGARY — Short-term year-over-year price growth is expected to be in the five to seven per cent range for Calgary, according to the Conference Board of Canada. In releasing … Continue reading →

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Lower Canadian Mortgage Rates – should have happened a month ago

Posted on March 16, 2011 by

Here is some bank-spin b.s. in full display. Bank mortgage rates should have come down 3 weeks or a month ago like the broker rates did. Banks intentionally left their rates higher to keep their profits up. So it is … Continue reading →

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