Archive for: September 2016

Interest rate cut looming amid weak economy – observers

Filed under: Mortgage - 28 Sep 2016

THINK OUTSIDE THE BOX:  Could a decrease to the current historic low Bank of Canada rate be on the horizon?

Mutterings of interest rate cuts in the near future have intensified amid the latest financial numbers, which pointed to an economy …

OSFI changing rules for mortgage insurers

Filed under: Mortgage - 23 Sep 2016

THINK OUTSIDE THE BOX:  With the increase in capitalization requirements, expect an increase to FIXED RATE mortgages when this takes effect as these costs will be passed along to the borrower.

OTTAWA — Canada’s federal financial regulator is proposing new rules for …

Agent: Expect further mortgage tightening

Filed under: Mortgage - 21 Sep 2016

THINK OUTSIDE THE BOX:  Anyone looking to purchase a property with 5% down should likely consider making the move sooner than later, or risk having to come up with 10% down payment.  10% down is not an easy thing to …

Finding private funding

Filed under: Mortgage - 21 Sep 2016

THINK OUTSIDE THE BOX:  Private Financing can be a band-aid solution that may, in fact, save you money despite the costs of fees and relatively higher interest rates involved.  Please contact our office to discuss mortgage solutions for your …

New house prices steady

Filed under: Mortgage - 21 Sep 2016

THINK OUTSIDE THE BOX:  Although the number of sales has declined, new home prices remain stable.

If you’re an Albertan in the market for a new house in Calgary or Edmonton, you may not be noticing much movement in the price …

Home renovations holding up well

Filed under: Mortgage - 21 Sep 2016

THINK OUTSIDE THE BOX:  The most recent numbers for Alberta suggest spending on residential renovations are near an all-time high.

As The Owl reported yesterday, the slow economy may be wearing on new housing starts in Alberta. But it doesn’t seem …

Bank of Canada and Fed Outlook

Filed under: Mortgage - 21 Sep 2016

THINK OUTSIDE THE BOX:  It appears no increase is expected to the Bank of Canada rate.  It’s more likely it could remain the same through 2017 or even decrease.

The Bank of Canada (BoC) kept its target for the overnight rate …

Canadian homes are still cheap, at least in foreign currency: Bank of America

Filed under: Mortgage - 21 Sep 2016

THINK OUTSIDE THE BOX:  Even Vancouver, Toronto, Canmore, etc., are considered inexpensive to American and Chinese buyers:

A major U.S. financial institution is telling clients that the Canadian housing market is still cheap — especially if you’re not using loonies to …

4 strategies for passing on the family cottage

Filed under: Mortgage - 19 Sep 2016

THINK OUTSIDE THE BOX:  It’s an inevitable situation that every cottage owner faces.  Here are 4 strategies for passing the cottage on to the kids:

You can’t spend an afternoon paddling rivers or jumping off a dock without wondering where we, …