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Canada House Prices:

Canada House Prices:

Canada House Prices: Correction Would Cost Banks Tens Of Billions
If Canada’s housing market experiences the price correction so many analysts and institutions expect, it won’t just hurt the homeowners who bought overpriced properties. It’ll directly impact Canada’s banks, who would lose tens of billions of dollars with even a modest market correction, says a new report from Fitch.

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Canada Housing Starts: March 2012

Canada Housing Starts: March 2012

Source: Hannif Highclass Publish:Toronto real Estate Blog: April 11, 2012   March Sees Acceleration As Construction Picks Up Canada’s home-building industry was unexpectedly hot in March — particularly the condo sector in Toronto. The latest data on residential construction surprised analysts Wednesday, with Canada Mortgage and Housing Corp. reporting 14,517 actual starts in March, giving […]

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Home prices rise in February, but pace slows

Home prices rise in February, but pace slows

WHY Home Prices are still on the Rise? Source: Hannif Highclass Publish:MY BLOG: Toronto Real Estate: April 6, 2011 what you should expect Price increases in Canada’s booming housing market may be topping out, according to the latest survey by the country’s largest real estate organization. The Canadian Real Estate Association says the survey of […]

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Clock is ticking on Canada’s mortgage wars

Clock is ticking on Canada’s mortgage wars

Source: Hannif Highclass Publish:Toronto real Estate Blog: March 26, 2012   RBC Hikes Record-Low Rate, Signalling End Of Ultra-Cheap Mortgages The clock is about to strike midnight for mortgages rates that have been the best deal of the past half century — at least as far as the major banks are concerned. Bank of Montreal’s […]

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Mortgage Rates Canada: Tipsy Topsy?

Mortgage Rates Canada: Tipsy Topsy?

Royal Bank Canada is raising its posted fixed and variable mortgage rates, of between 10 and 50 basis points in a sign the era of ultra low borrowing could be drawing to a close.

The Toronto-based lender said its posted five-year closed mortgage rates will move up 20 basis points to 5.44 per cent effective Mar. 29, while bank’s special fixed rate offer on a four-year fixed rate will add 50 basis points to 3.49.

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TD Bank to Goverment of Canada

TD Bank to Goverment of Canada

TD Bank to Government of Canada !
**Raise Minimum Down Payment For Home Buyers.
**CMHC’s flex down program.
**Actions to constrain lending growth may be prudent.
**Shortening the maximum amortization to 25 years from 30.

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Identity Theft and your SIN number

Identity Theft and your SIN number

Should You or Should You Not Give Out Your SIN!
When you visit your Mortgage Broker or Banker for the first time to obtain a mortgage pre-approval, there are certain documents and information you will be asked to provide so your mortgage application can be completed.
Lenders, in general, like to see SINs on mortgage applications. As CAAMP’s VP of Education and Professional Affairs, Mark Webb, notes: “Lenders ask for the SIN but the client has no obligation to provide it. If the client refuses then it is up to the lender to assess how they will respond to the application.”
—-Tips to protect your Social Insurance Number
—-When should you provide your Social Insurance Number?
—-When should you NOT provide your SIN?

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Big 5 Banks Drop Mortgage Rates

Big 5 Banks Drop Mortgage Rates

Source: Hannif Highclass Publish:MY BLOG: Toronto Real Estate: March 9, 2012 Big 5 Banks Drop Rates To Record Lows In Apparent Mortgage War All five of Canada’s major banks are now engaged in a war for home buyers that will likely alarm policy makers concerned about Canada’s record levels of household debt. But what may […]

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SALE OF LAND FOR TAX ARREARS:

SALE OF LAND FOR TAX ARREARS:

City of Mississauga! Source: Hannif Highclass Publish: Toronto Real Estate Blog: Monday, Feb. 29, 201 The sale of land for tax arrears by public tender is governed by the Municipal Act, 2001, S.O. 2001, c.25, including Ontario Regulation 181/03.  A municipality may recover unpaid property taxes through the sale of a property.  By the time […]

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Canada’s housing bubble: This time is not different

Canada’s housing bubble: This time is not different

What You Need To Know!   Source: George Athanassakos, Professor of Finance & Ben Graham Chair in Value Investing atRichard Ivey School of Business Publish: The Globe and Mail: Monday, Feb. 27, 2012 The resilience of the Canadian housing market continues to confound experts. Last April, I wrote about the hot housing sector in Canada. […]

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