Archive for: February 2015

Realtors take long-term view, see real estate as ‘strong investment’

Filed under: Mortgage - 24 Feb 2015

THINK OUTSIDE THE BOX: “We have always believed that real estate is a safe long-term play. The numbers don’t lie – since prices have begun to be tracked, they have increased,” he said. “Of course we have seen short-term fluctuation with …

Why your clients shouldn’t care about home prices

Filed under: Mortgage - 24 Feb 2015

THINK OUTSIDE THE BOX:  Talking about the drivers of the Canadian real estate market, Royal LePage president and CEO Phil Soper said it’s the monthly expenses that come with home ownership that dictates market behaviour.

“It’s not the sticker price on …

Alberta, the hotspot for newcomers

Filed under: Mortgage - 19 Feb 2015

THINK OUTSIDE THE BOX:  Alberta’s population continues to grow at a strong pace because of both interprovincial and international immigration; higher economic mobility is the reason why.

Every year more migrants move to Alberta in search of greater opportunity; a concept …

CMHC forecasting house price growth in Calgary

Filed under: Mortgage - 12 Feb 2015

THINK OUTSIDE THE BOX:  Canada Mortgage and Housing Corp. expects Calgary region home prices to rise over the next two years, albeit at a slower pace than previously forecast.

In an updated outlook Friday, it said the average price locally will rise from $460,584 last …

Why you should care about the banks’ posted rates on mortgages

Filed under: Mortgage - 10 Feb 2015

THINK OUTSIDE THE BOX:  As ‘payout penalties’ are also talked about towards the end of this article we have included the following link for your perusal:  http://www.canadianmortgagetrends.com/interest-rate-differential-ird

There are not too many Canadians who get tricked into accepting the posted rate on a mortgage …

Should you withdraw from your RRSP to buy a house?

Filed under: Mortgage - 05 Feb 2015

THINK OUTSIDE THE BOX:  Taking funds from your RRSP as a first time homebuyer to ‘top up’ your down payment can save you costly mortgage default insurance premiums (up to 3.15% of the mortgage amount), which is required if you have …