Tag Archives: finances

CMHC to Increase Mortgage Insurance Premiums | CMHC

Effective May 1, 2014 CMHC will Increase Mortgage Insurance Premiums Loan-to-Value Ratio Standard Premium (Current) Standard Premium (Effective May 1st, 2014) Up to and including 65% 0.50% 0.60% Up to and including 75% 0.65% 0.75% Up to and including 80% … Continue reading

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CREA speaks to the House of Commons

Here are Gary Simonsen’s, the CEO of CREA, remarks to the House of Commons Standing Commitee on Finance, specifically relating to requested improvements on the Home Buyer’s Plan.

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Government controlling mortgage rates?

Finance Minister Jim Flaherty is coming under fire for using his position to pressure a private sector mortgage lender to raise its interest rates, an action that will increase borrowing costs for Canadians. Flaherty admitted to calling up BMO to … Continue reading

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More Canadians Adopt a Low Rate Mindset

Is it time to switch your Variable Rate Mortgage into a Fixed Rate Mortgage? Fewer people believe that rates could rise this year. In a study released by CIBC, 46% of Canadians believe today’s low rates will remain unchanged over … Continue reading

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TD Responds About Its Collateral Mortgages

Last week, CBC issued a report about TD’s new policy regarding mortgages. Here, TD Responds About Its Collateral Mortgages.

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Canada vs the world – debt level comparison study

CanadaMortgageNews.ca has a informative article entailing Canada’s National Debt compared to numerous other countries in the world.

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Insured Buyers are the Majority

Whether that insurance is offered by CMHC,

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Inflation at 1.2% – forget any increase in interest rates

The Bank of Canada maintains overnight rate at 1%, inflation is at 1.2%, ergo, interest rates should remain low for the foreseeable future. Several analysts view the odds of an increase in borrowing costs in the near future is zero. … Continue reading

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