Category Archives: Financial Updates

How low is too low when it comes to mortgage rates? Apparently the answer to that question is 2.99% on a 5-year fixed. Finance Minister Jim Flaherty wasn’t too happy that banks broke the 3% barrier on 4- and 5-year … Continue reading →

Greg Quinn and Andrew Mayeda, ©2012 Bloomberg News Bloomberg Thursday, April 26, 2012 April 26 (Bloomberg) — Canada will prohibit banks from using insured mortgages to back their covered bonds while increasing oversight of the federal housing agency to cool … Continue reading →

New restaurants popping up, an art gallery opening, university campuses expanding — the changes have appeared over time, but to Shanti Fernando they’re all signs of an actively growing city doing everything it can to attract new residents. Fernando lives … Continue reading →

Jason Heath Mar 31, 2012 – 7:00 AM ET | Last Updated: Mar 30, 2012 9:09 AM ET For three years, the word on the street has been that interest rates have nowhere to go but up. But few Canadian … Continue reading →

TORONTO – Canada’s largest banks are raising their posted mortgage rates in a sign the era of ultra-low borrowing could be drawing to a close. Royal Bank (TSX:RY) and TD Bank (TSX:TD) both announced Monday their posted five-year closed mortgage … Continue reading →

Why a Buyer Needs a Home Inspection: A home inspection gives the buyer more detailed information about the overall condition of the home prior to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your … Continue reading →

OTTAWA — Finance Minister Jim Flaherty saw irony Thursday in major banks seeking changes to mortgage rules from government, given the control the banks themselves have over the industry. Flaherty said, however, the possibility of tightening the insured mortgage market … Continue reading →

Thanks for all the hard work Frank, you truly went above to help out a hysterical couple, and when I say couple I mostly mean me.  Thanks again. Take Care, Cat.

MISSISSAUGA, Ont. — Major Canadian housing markets have continued to show “exceptional resiliency” so far this year, setting the stage for a busy spring, according to a major Canadian real estate organization. In its market trends reports, Re/Max said its … Continue reading →

Garry Marr Mar 15, 2012 – 7:05 PM ET   Melting snow across Canada may have helped heat up the housing market but the new worry is whether there will be any demand left for homes this spring. Home sales … Continue reading →