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 […]

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 […]

August 2011: Toronto Real Estate Market Report: Market conditions remain tight as sales growth outstripped growth in new MLS listings. Home sales will be bolstered by low mortgage rates. September 7th. – Bank of Canada announced, no intention to raise interest rates at least till early 2012. More details….. complete with charts & videos Go…
http://rebatereps.ca/?p=2391

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.

A Must Read especially for 1st. Time Buyer I just wrote this 83 page report just for you and I would like to give it to you for FREE BUY YOUR HOME AS THE PRO’S DO I am also going to show you Location is everything Finding the right Realtor Watching the market Home Inspections […]

Canadian Mortgage & Housing Corp CMHC REPORT! Source: Toronto— Reuters Published: Tuesday, Aug. 09, 2011 9:23AM EDT Canadian housing starts unexpectedly climbed 4.3 per cent in July, data showed Tuesday, setting the third quarter off to a strong start in new home construction and maintaining its role as a key support to the economy. Starts, […]

July Sales and Average Price Up Compared to 2010 Toronto Source: TREB August 4, 2011 — Greater Toronto REALTORS® reported 7,922 transactions through the TorontoMLS® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 […]

If you have a closed mortgage at a fixed rate, and you want to get out early, be prepared to pay a high penalty. The cost may be many thousands of dollars. Most mortgages have a clause that says premature cancellation requires paying three months’ interest or an interest rate differential (IRD), whichever is greater. […]