Archive for: June 2015

Summer security tips: Keep your home safe

Filed under: Mortgage - 30 Jun 2015

THINK OUTSIDE THE BOX:  Packing for your summer holiday? It’s important to make sure your home’s protected before you leave, so you don’t return to any disasters. Take a look at some summer security tips to help you keep your home …

New Mortgage Prepayment Stats

Filed under: Mortgage - 30 Jun 2015

THINK OUTSIDE THE BOX:  Manulife released new data this week on homeowners’ tendency to prepay their mortgages, as well as their ability to withstand interest rate hikes. Here’s what those numbers revealed.

Prepayment Trends

Mortgages with big prepayment allowances save a small fraction of the …

New housing investment numbers show stable real estate market

Filed under: Mortgage - 24 Jun 2015

THINK OUTSIDE THE BOX:  Many of Alberta’s housing indicators such as housing starts, building permits and the newest housing investment numbers suggest that our housing market here in Alberta is stable and a far cry from the nosedive many were …

Homeowners choosing mortgage over retirement: survey

Filed under: Mortgage - 22 Jun 2015

THINK OUTSIDE THE BOX:   “A financial advisor can help you get a plan in place, and can also show you ways to make your money work more efficiently, so that you can pay down debt and save for retirement.”

A recent …

CMHC goes from insuring 90% of new mortgages to only 50% — and that’s as low as it plans to go

Filed under: Mortgage - 15 Jun 2015

THINK OUTSIDE THE BOX:  Canada’s national housing agency says it’s now insuring a record low 50 per cent of new residential mortgages, and it doesn’t intend to let it drop any further.

Canada Mortgage & Housing Corp. Chief Executive Officer Evan …

Calgary real estate market not pretty, but not a disaster

Filed under: Mortgage - 08 Jun 2015

THINK OUTSIDE THE BOX:  When looking at past oil cycles vs real estate markets, today’s Calgary real estate market is performing exactly as expected.

The Calgary real estate market is being watched today by more analysts than ever before.  Some are …

Lower five-year mortgage rates benefit first-time buyers

Filed under: Mortgage - 01 Jun 2015

THINK OUTSIDE THE BOX:  Interest rates continue to give home buyers a reason to be optimistic after another downtick in averages, say city builders.

The Bank of Montreal (BMO) pulled its five-year fixed rate down to 2.74 per cent last week. …