Archive for: February 2016

Major drivers of price growth in red-hot markets

Filed under: Mortgage - 29 Feb 2016

THINK OUTSIDE THE BOX:  while it’s easy to blame overseas capital for the exorbitant housing prices in high-demand, high-volume markets like Toronto and Vancouver, it is a sorely misguided assumption.

Recent official statements and regulatory changes have placed the spotlight on …

Attn: Firstline mortgage clients… beware CIBC brand renewal offer!

Filed under: Mortgage - 22 Feb 2016

THINK OUTSIDE THE BOX:  Make sure you have all the information.  Check with your mortgage broker prior to signing  that renewal offer.

In June 2012, CIBC announced they would close Firstline Mortgages. All existing Firstline mortgage clients would be offered a …

Down payment increase takes effect this week

Filed under: Mortgage - 16 Feb 2016

THINK OUTSIDE THE BOX:  Beginning on February 15th, insurers will require a 10% down payment on the portion of any mortgage over $500,000. The five per cent rule remains the same for the portion under $500,000. This means someone looking to buy …

Promo to win clients

Filed under: Mortgage - 08 Feb 2016

THINK OUTSIDE THE BOX:  Bank offers may not be as good as they appear?

Banks have become known for their unique promotional mortgage offers, and one of the big five is at it again – but this time with something a …

Non-residential permits seal year-end growth

Filed under: Mortgage - 08 Feb 2016

THINK OUTSIDE THE BOX:  The future of Alberta’s real estate industry isn’t looking as grim as that of other sectors, according to today’s new building permit numbers from Statistics Canada.

Last December, developers secured more than $1.2 billion in permits for construction …