News
Don’t renew your mortgage with your eyes closed
Date Posted: February 22, 2012
When your mortgage comes up for renewal, your lender will send you a letter suggesting you renew at their current offer. If you do, you’ll be renewing your mortgage with your eyes closed! This is your moment of opportunity to negotiate the best possible deal, either with your current lender or with a new one. Do you know if the same lender remains your best choice? If you don’t, you aren’t alone.
Read more...Housing market poised for ‘severe correction,’ finance professor says
Date Posted: February 21, 2012
Canada may be on the cusp of a “severe” housing correction as real estate investment surges above a tipping point relative to economic output, according to George Athanassakos, professor of finance at the Richard Ivey School of Business.
Read more...How to qualify for a brand spanking new mortgage
Date Posted: February 17, 2012
If you have just graduated from university with student debts, the prospect of buying your own home may seem remote. Advisors suggest formulating a plan early on to help get on track to qualify for that mortgage.
Read more...When To Consider Raising Your Home Buying Budget
Date Posted: February 16, 2012
Setting a budget for your home purchase is an important decision. You need to know how much you can afford each month and translate that into the amount you can afford to take out on your new mortgage.
Read more...Pros and cons of being an absent landlord
Date Posted: February 15, 2012
If the nature of your employment has you moving around a fair bit, it may be hard for you to get established on the property ladder.
One option may be to rent a home and buy an investment property.
Read more...RRSPs can house a mortgage
Date Posted: February 14, 2012
You’ve made your 2011 RRSP contribution a full two weeks ahead of the Feb. 29 deadline. Congratulations! But what did you invest in? GICs? Stocks? Bonds?
While most Canadians sock their funds away in those traditional asset classes, there are other potential uses for your RRSP money, and one of them could include your mortgage.
Read more...Two steady housing years ahead: CMHC
Date Posted: February 13, 2012
Canada’s housing market has two good years ahead of it yet, Canada Mortgage and Housing Corp. said Monday, with low interest rates and a “moderately” expanding economy keeping price corrections at bay.
Read more...RRSP vs paying down debt: Which is better?
Date Posted: February 10, 2012
Dave Aeri may be only 32, but he’s already thinking ahead to retirement. By the time the recently married IT manager punches his last clock, he wants his mortgage paid off and a healthy amount of savings to get him through his golden years.
Read more...20 things to look for in a home inspection
Date Posted: February 9, 2012
I continue to receive complaints from readers about problems that they discover after closing their home purchase. Most complain about sellers who fail to disclose defects or home inspectors who fail to find them. The system is far from perfect. However, there are steps that buyers can take before and during a home inspection to protect their interests.
Read more...Housing starts dip in January but beat forecasts
Date Posted: February 8, 2012
Canadian housing starts declined in January from December but were above expectations, with a slowdown in the multiple unit segment accounting for most of the weakness, Canada Mortgage and Housing Corp (CMHC)said on Wednesday.
Read more...
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