Blog
Many have now seen this Financial Post article - CMHC Backing Fewer Loans
2012-02-02 | 11:24:20
The gist of it: CMHC is approaching its $600 billion government-imposed limit on issuing mortgage default insurance. That’s happening largely because of lenders’ enormous appetite for something called portfolio insurance (aka, “bulk...read moreMore Mortgage Rules Planned If Housing Market Gets Too Hot, by Gary Marr, Financial Post January 23 2012
2012-01-26 | 07:03:21
A new round of mortgage rules from Ottawa could include tough new measures for calculating how the self-employed qualify for loans and tighten regulations for condominium buyers, according to two separate sources.Ottawa remains concerned about the...read moreMinor details can affect your credit score
2012-01-24 | 08:59:12
Minor details can affect your credit score. For example, most people don’t realize there are two important dates when it comes to paying off certain credit cards: the due date and the statement date. The statement date is when the card issuer...read moreBenefits of using an AMP
2012-01-19 | 07:19:51
The biggest investment decision of your life just got easier!The AMP designation differentiates mortgage professionals from others in the mortgage industry. It demonstrates their commitment to providing you with the highest level of service...read moreBank Of Canada Interest Rate Announcement January 17, 2012
2012-01-17 | 06:25:34
At 9:00 am EST, January 17th, 2012, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. Prime Rate remains at 3.00%. Here is an excerpt of the announcement from the Bank of Canada and what they...read moreIt Can Pay To Break Your Mortgage
2012-01-13 | 06:46:14
With mortgage rates still hovering near historic lows, chances are you’ve considered breaking your current mortgage and renewing now before rates rise any further.Perhaps you want to free up cash for such things as renovations, travel or...read morenext »