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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A Nation’s Strong Belief in Homeownership

A Nation’s Strong Belief in Homeownership

WHY Home Ownership is Fundamental To The Canadian Psyche: Despite all the recent problems in the housing and mortgage industries, an overwhelming majority of Canadians believe that owning a home is still the Canadian dream. Polls & Survey
http://rebatereps.ca/2011/10/canada-home-ownership/

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What Are Closing Costs?

What Are Closing Costs?

Buying a House: In addition to the down payment, you’ll also have to pay closing costs — miscellaneous fees charged by those involved with the home sale (such as your lender for processing the loan, the title company for handling the paperwork, a surveyor, local government offices for recording the deed, etc.).

According to CMHC and GE Capital, one should have, in addition to the down payment, at least 1.5% of the purchase price for closing costs (we say 2-2.5%, just to be on the safe side).

Depending on the type of property and the nature of your deal these may include but are not limited to the items described below.

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Unique One-of-a-Kind Homes

Unique One-of-a-Kind Homes

4 One-of-a-Kind Places to Call Home: Source:Diane Tuman    Zillow Blog Published Wednesday, Sept. 03, 2010 08:59 AM If you consider yourself a non-conformist, or one who shuns traditional ways of doing things, then here is a perfect lineup of nontraditional homes that should fit your spirit perfectly. Take your pick from a church, an old […]

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Home Buying Guide

Home Buying Guide

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 […]

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Housing starts climb 4.3% in July

Housing starts climb 4.3% in July

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, […]

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TREB Market Watch July 2011

TREB Market Watch July 2011

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 […]

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