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.

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.

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 […]

Should I Buy or Continue Renting?

What are my real reasons for buying? It seems like a simple enough question yet it is not.
If you are in the market to buy a home of your own, you need to ask yourself one question: WHY?

Trusting Your Real Estate Agent Then Continue Source: Hannif Highclass Publish:My Blog: 09/24/2011                            

Is Buying a Home Right For You? Should You Buy or Rent? FAQ complete with Home Buyers Guide from CMHC and a Work Sheet.
The advantages of owning or renting are different for everyone, so be sure to consider important personal situations and long-term goals before making your decision. This is a decision which many people face, and the decision is not as easy to make as it may sound.