Archive for: December 2013

BoC Rate Guidance: Use with Care

Filed under: Mortgage - 30 Dec 2013

THINK OUTSIDE THE BOX:  The Bank of Canada exudes credibility. It’s an internationally respected central bank, it operates with minimal political interference and it has contained inflation for 22 years.
So when a Bank Governor gets surprisingly hawkish, we immediately …

Should you help buy your kids a house?

Filed under: Mortgage - 18 Dec 2013

THINK OUTSIDE THE BOX:  One of the interesting factors supporting real estate growth is the role of financial support of parents and grandparents on some home purchases. The rationale for this growing practice is simple. Parents want their children to …

RE/Max sees ‘exceptionally healthy’ market

Filed under: Mortgage - 16 Dec 2013

THINK OUTSIDE THE BOX:  Canada can expect an “exceptionally healthy” housing market in 2014 thanks to improvements in the overall economy that helped produce a surge in the latter half of this year, a leading real estate group said Wednesday.

Re/Max …

The hidden trap of mortgage penalties at the big banks

Filed under: Mortgage - 09 Dec 2013

THINK OUTSIDETHE BOX:  It’s easy to get caught in the posted mortgage rate trap at the big banks.  No, you won’t have to pay the posted rate on your next mortgage.  Pretty much nobody does that any more, according to …

Canadians say they are comfortable with their Mortgage debt but fewer homes are being built: CAAMP

Filed under: Mortgage - 05 Dec 2013

THINK OUTSIDE THE BOX:  Canadian mortgage holders have told the Canadian Association of Accredited Mortgage Professionals (CAAMP) in its fall 2013 survey that they are comfortable with their mortgage debt levels and consider mortgages to be a form of “good …