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Blog by Linda M Linfoot

Mortgage Changes

February 17th, 2010

Government of Canada Takes Action to Strengthen Housing Financing

Mortgage changes target ‘reckless’ buyers: Flaherty

 

The  question  most heard yesterday was, “what 5 year rate will they have to qualify on?”. 

It will be the 5 year rate at that institution granting the commitment. As the client was having to qualify on that institutions 3 year rate, it will now be their 5 year rate.

T ...

A Raise in the Minimum Down payment Requirement??

February 9th, 2010

CREA forecasts record home market this year

Garry Marr, Financial Post 

Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules.

The Canadian Real Estate Association, which represents 100 boards across the country, said Monday it expects existing-home sales to reach 52 ...

Deciding on a Mortgage

February 3rd, 2010

Deciding on a mortgage

 It is generally less expensive to continually roll over a short-term mortgage than to commit to a long-term one

Eric Tyson and Tony Martin

Published on Tuesday, Feb. 02, 2010 1:04PM EST Last updated on Tuesday, Feb. 02, 2010 1:06PM EST

This is the sixth in a series of 10 excerpts from Investing for Canadians for Dummies.

Whether to go for a short- or long-term ...