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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 ...
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Posted in Mortgage Information

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 ...
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Posted in Real Estate Information

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 ...
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Posted in Mortgage Information

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