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Own home affordable to most

By Anna Vozza, The Windsor Star Many people are often surprised to learn that the costs of owning a home can be substantially lower or comparable to those of renting. There are also many financing options and a wide variety of choices that can make owning a home more affordable for first-time buyers. Before you [...]

By |2017-01-04T00:00:16+00:00October 21st, 2010|Uncategorized|Comments Off on Own home affordable to most

TD Mortgages To Become Collateral Charges

TD is making a big change with respect to how it registers its mortgages. Effective October 18, all new TD mortgages will be registered as “collateral charges.” On Friday, TD further explained the logic behind its controversial across-the-board switch to collateral charge mortgages. TD says it instituted collateral charges on its entire product line, in [...]

By |2010-10-20T18:17:26+00:00October 20th, 2010|Uncategorized|Comments Off on TD Mortgages To Become Collateral Charges

MacLean’s tackles mortgage fraud

Before the subprime crisis and the following global economic collapse, mortgage fraud was the topic that was on everyone’s mind – or at least those in the real estate and mortgage industries. It’s a huge, complex issue – and one that is taking its toll on the mortgage industry as well as real estate markets [...]

By |2017-01-04T00:00:16+00:00October 18th, 2010|Uncategorized|Comments Off on MacLean’s tackles mortgage fraud

10 things to consider before your mortgage renews

1 Have you explored all your options? Once you receive your mortgage renewal statement, there’s nothing easier than simply signing on for another term. But while this may make sense in many cases, your family or financial situation may have changed over time. We can look for opportunities that could better meet your needs right [...]

By |2017-01-04T00:00:17+00:00October 13th, 2010|Uncategorized|Comments Off on 10 things to consider before your mortgage renews

Flaherty says no mortgage rule changes, yet

| Tuesday, 5 October 2010 The federal government has no plans to tighten mortgage rules again, said Finance Minister Jim Flaherty, cooling the speculation surrounding his meeting with the country’s leading economists yesterday. But if the market changes, he is not against the idea. “Our concern is always ensuring that the housing market does not [...]

By |2010-10-12T16:13:00+00:00October 12th, 2010|Uncategorized|Comments Off on Flaherty says no mortgage rule changes, yet

Why a competitive mortgage insurance market matters

While the re-emergence of certain private mortgage default insurers might not make it onto the radar of most homeowners, the increased competition could pose to change the types of mortgage products available to them. Mortgage default insurance - provided, currently, by Canada Mortgage and Housing Corporation, Genworth Financial Canada and Canada Guaranty - is the [...]

By |2010-10-05T15:49:57+00:00October 5th, 2010|Uncategorized|Comments Off on Why a competitive mortgage insurance market matters

Why a competitive mortgage insurance market matters

While the re-emergence of certain private mortgage default insurers might not make it onto the radar of most homeowners, the increased competition could pose to change the types of mortgage products available to them. Mortgage default insurance - provided, currently, by Canada Mortgage and Housing Corporation, Genworth Financial Canada and Canada Guaranty - is the [...]

By |2010-09-28T15:35:33+00:00September 28th, 2010|Uncategorized|Comments Off on Why a competitive mortgage insurance market matters

Ellen Roseman: Why it's crucial to check your credit report

September 15, 2010 8:28 AM By Ellen Roseman Ellen Roseman is a business writer at the Toronto Star. Here's a story that shows the importance of checking your credit report. I recently heard from Delores, who was trying to renew her condo mortgage. But the bank wouldn't sign a deal unless her credit history was [...]

By |2017-01-04T00:00:17+00:00September 16th, 2010|Uncategorized|Comments Off on Ellen Roseman: Why it's crucial to check your credit report

Buyers gain the edge in local resale housing

By Bill Mah, Edmonton Journal Expect a buyer's market for Edmonton-area resale homes in the remainder of 2010 with more balanced conditions next year, says a new report released Tuesday by Canada Mortgage and Housing Corp. The average resale home price in the Edmonton census metropolitan area will still increase by 3.9 per cent this [...]

By |2017-01-04T00:00:17+00:00September 2nd, 2010|Uncategorized|Comments Off on Buyers gain the edge in local resale housing

10 common costs of owning a home

1 Property tax. Many of the services you’ll enjoy in your new neighbourhood, from parks and recreation facilities to road maintenance and schools, are funded in by municipal property taxes. Rates vary widely, from region to region and home to home. Annual taxes can top several thousand dollars in urban centres, so some homeowners opt [...]

By |2017-01-04T00:00:17+00:00September 1st, 2010|Uncategorized|Comments Off on 10 common costs of owning a home