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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com

27 may 2010

Interesting fact: CMHC Insured Mortgages – LTV ratio
Many of us believe that mortgage default insurance applies only to high-ratio mortgages, but as a matter of fact, it’s not so.
On December 31 CMHC had $472.6 billion in mortgage insurance. Actually, 71.1% of it had a loan-to-value of 80% or even less.
By the way, only 4.5% had LTVs more than 95%; approximately 87% mortgagors had 10% equity (or more).

26 may 2010

OECD thinks BoC should raise rates immediately
The OECD (Organization for Economic Co-operation and Development) thinks the Bank of Canada should raise interest rates without any doubts.
The advice comes just six days before the central bank has to decide whether to raise its key lending rate.The experts thought a June 1st rate hike was going to be for sure, but the certainty was gone right after the news about European debt problems.

25 may 2010

Canadian Home ownership costs rise

According to the housing RBC Economics Research, owning a home in Canada has become even more expensive (only if you don’t live in Alberta).The Tuesday report showed that homeownership costs in Canada rose in the first quarter of 2010.Among the main reasons strong real estate market and high prices are named.

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22 February 2019

Home prices growth in Canada may remain moderate during the next two years The recent Reuters survey of analysts shows that once hot real estate mark...Read more >>

21 February 2019

Political leaders offer more measures on improving housing affordability NDP Leader Jagmeet Singh explained how his party could improve hou...Read more >>

20 February 2019

Should we expect a rate hike from the central bank in March? With today’s economic challenges – weak real estate market, difficulties with oil and tr...Read more >>
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2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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