Archive for: January 2012

Comparing New Amortization & Down Payment Rules

Filed under: Mortgage - 30 Jan 2012

Government mortgage restrictions instituted from 2008-2011 have not achieved their goal, suggests Desjardins’ Senior Economist Benoit Durocher.

He wrote this on Thursday:
“…The third series of [government mortgage rules] was announced nearly a year ago now, and we must conclude …

Put these home improvements on your 2012 calendar

Filed under: Mortgage - 23 Jan 2012

With the deepfreeze factor at its annual high, the potential benefits of making energy saving improvements really hit home. Yet saving energy and money and adding comfort to your home should always be in season.  Put these home improvement tips …

Cash strapped retirees pile into reverse mortgages: report

Filed under: Mortgage - 18 Jan 2012

It’s not uncommon for many retirees to take out small loans against their home equity to fund renovations or even to make down payments on an additional property.

More and more, however, older homeowners are finding they need to squeeze a …

RRSP Loans vs Cash Back Mortgages

Filed under: Mortgage - 13 Jan 2012

Robert McLister, CMT


The deadline for making a 2011 RRSP contribution is February 29, 2012.

Making that contribution can save you anywhere from hundreds in taxes to over $10,000 depending on your province and tax bracket. Plus, you’ll enjoy the …

“Tips for First Time Home Buyers”

Filed under: Mortgage - 10 Jan 2012

You have finished school and you’ve managed to land yourself a decent job. Finally in a position where you are financially stable and you may be ready to take the next step in your life and buy a house. No …

Home sales rise, listings decline in November

Filed under: Mortgage - 05 Jan 2012

  Jan 3, 2012 – 12:50 PM ET

OTTAWA — Canada’s resale housing market tightened slightly in November, as sales rose in more than 50% of markets while the number …

Investors: Canada or the U.S.? It all depends

Filed under: Mortgage - 03 Jan 2012

By | 27/11/2011 4:00:00 PM  Mortgage Broker News

The Canadian Real Estate Investor Forum concluded with “The Great Debate” – a panel discussion tackling the thorny issue of whether investors should keep investing in Canada or expand their portfolios into international …

Canadian Housing Bubble? Brokers disagree with new report

Filed under: Mortgage - 03 Jan 2012

By John Tenpenny | 27/11/2011 5:00:00 PM  Mortgage Broker News

While most reports and forecasts maintain the Canadian housing market will remain stable for the next year, reports are still surfacing that call into question whether the country will experience a …