Wednesday
June 19, 2013
1 Year Closed : 2.65 %
3 Year Closed : 2.75 %
5 Year Closed : 3.04 %
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News
Save at renewal time by using a mortgage broker - Monday, June 03, 2013
Consumers are becoming much more informed about mortgages and mortgage products before taking the plunge into home ownership. According to the Canadian Mortgage and Housing Corporation's (CMHC) 2013 Consumer Survey, 70% of buyers researched terms and conditions, 60% discussed the pros and cons of various mortgage products with ...
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Business Lessons I learned as a Hockey Coach - Wednesday, May 22, 2013
In the past I have written a lot about lenders in the mortgage channel, interest rate forecasts, mortgage guideline changes and the impact of those changes in the industry. With this post, I'm taking a completely different approach. Today, I want to share with you a recent personal experience coaching my son's hockey team and the lesso ...
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Employer of Choice for TMG The Mortgage Group Canada Inc. - Monday, May 13, 2013
(Toronto) TMG The Mortgage Group Canada Inc., took home The Employer of Choice Award at the Canadian Mortgage Awards on Friday, May 10, held at the Liberty Grand in Toronto. TMG is the first brokerage in the past five years to win this award. It has been an exciting year for the 23-year-old company. In November of 2012, TMG was named the Best Compa ...
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Consider a mortgage broker first - Tuesday, May 07, 2013
So what comes first - the chicken or the egg? In the real estate industry that question gets turned into the following -- if I am going to buy a house do I speak with my mortgage broker or Realtor first? First of all, kudos if you knew that it's vital to speak with both a mortgage broker and a Realtor when you're think ...
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Loyalty doesn't pay when it comes to mortgage renewals - Monday, May 06, 2013
A Bank of Canada study found that loyal bank customers don't get best deal when they renew mortgage. People who switch and first-time buyers do.
Everyone you deal with would like you to believe there are rewards for your loyalty.
They may offer a better price, a bundling discount, or less tangible things like superior customer service. Someti ...
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Buying a house doesn't have to be stressful - Friday, May 03, 2013
Buying a house should be an exciting time but it can get pretty stressful, according to the Bank of Montreal's Psychology of House Hunting report released on Thursday, May 2. The biggest worry is finding problems after moving in. The next worry is that prices will drop and the house won't be worth the original purchase price.The house buyin ...
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When will the housing market rebound? - Thursday, April 11, 2013
This has been a week of reports - all confirming a cooler housing market. On Tuesday April 9, the Canada Mortgage and Housing Corporation (CMHC) reported housing starts were weaker than expected, although edging higher in March. A Statistics Canada report showed the value of Canadian building permits rose a weaker-than-expected 1.7% in February. BM ...
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Should we privatize CMHC? - Tuesday, March 26, 2013
Canada Mortgage and Housing Corporation (CMHC) is in the news again after Minister of Finance Jim Flaherty released the 2013 budget on Thursday March 21. New changes are coming that will, once again, limit the use of portfolio insurance by mortgage lenders. Portfolio insurance, also known as bulk insurance, is a pr ...
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Many Canadians think getting a mortgage is complicated - Thursday, March 21, 2013
A new survey commissioned by ING DIRECT found that 67% of Canadians who have had or currently have a mortgage felt the process was either complicated, confusing , or hard to figure out. Thirty-eight per cent of current or former mortgage holders say getting a mortgage is time consuming while one in five describes the process as annoying. By compari ...
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The competitive mortgage market- it's not all about rate - Friday, March 08, 2013
The recent announcement that BMO has lowered its 5-year fixed rate from 3.09% to 2.99% has caused a flurry of speculation from market analysts and warnings from the federal government. For the past year the Bank of Canada has been warning that high household debt levels, the bulk of which come from mortgages, are the largest risk facing the country ...
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Recession or stability for Canada - Thursday, February 28, 2013
Throughout the Global Financial Crisis, when the world economies slowed down, Canada held onto economic growth. This was due, in large part, to the approach taken by the Bank of Canada and the Government.It has been a long, slow process for other countries to catch up. While we are starting to see signs of life in our largest trading partner, the U ...
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Mixed messages from media - it's the norm - Thursday, February 21, 2013
Once again, we are getting mixed messages from the media. Headlines warn that house prices are easing, yet on further reading, we find that only a few major centres are feeling the pinch. In local markets, prices have stabilized and even increased slightly. For example, in Vancouver, prices fell 0.81 per cent in January from December, and were down ...
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Collateral mortgages a hot topic - Thursday, January 31, 2013
There has been a lot of interest in collateral mortgages since CBC's Marketplace took a stab at TD Canada Trust's product on January 27, 2013.Up until a few years ago, most mortgages were registered as a standard charge mortgage. The major decisions were to opt for a fixed or a variable-rate mortgage and what term to select ...
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Canadian economy to spring back into life - Wednesday, January 23, 2013
Once again, Canada looks to the US for signs of life and after more than three years, the U.S. is poised for economic recovery.As dependent as the country is on the economic health of the United States, and indeed, the rest of the world, the government's fiscal policy and the Bank of Canada's astute predict ...
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The U.S. Fiscal Cliff and Canada - Monday, January 07, 2013
The term "fiscal cliff" has conjured up a powerful image of the U.S. economy falling into a pit so deep that there was no hope of climbing out. The ramifications of that mighty fall would be felt around the world, with the idea that without the U.S. world economies would stagger and fall into their own abyss.Fortunately, the U.S. government ...
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