Mississauga Mortgage Brokers Mississauga Mortgage How to get the best rates How to buy a home Buying a home GTA

Archive | Blog

Hurdles to Becoming Mortgage Free

According to new stats from the Leger Marketing survey that was done for CIBC, it is taking people longer to reach that magical mortgage free celebration. On average people are not becoming mortgage free until the ripe old age of 57 (my apologies to our more experienced/older readers), which is 2 years older than the […]

Continue Reading 0

Canadian Housing

CAAMP 1401-2235 Sheppard Ave. East, Toronto, ON, M2J 5B5, Canada http://www.caamp.org/ Total New Housing Starts (Seasonally adjusted and annualized) Province October2012   October2011   November2012   November2011   December2012 December2011 Newfoundland/Labrador 3,400 3,500 3,700 3,900 3,800 3,000 PEI 800 900 800 1,500 1,300 800 Nova Scotia 9,400 3,300 3,200 2,800 3,200 8,500 New Brunswick 3,000 […]

Continue Reading 0

Rates, Exchange Rates & Bonds

Bank of Canada Interest Rate December 4, 2012 1.00 % January 23, 2013 1.00 % March 6, 2013 Next meeting date Source: Bank of Canada Bank Prime Lending Rate December 5, 2012 3.00 % January 24, 2013 3.00 % March 7, 2013 Next meeting date Source: Bank of Canada Conventional Mortgage – 5 Year Rate* […]

Continue Reading 0

House Protection during your winter escape!

Don’t spend your winter escape worrying about your house. Here are some easy tips to help protect your biggest investment while you unwind. Make it seem like you never left Have a friend or family member either house-sit or drop by your home daily.Lights are on, but no one’s home. Use light timers to turn […]

Continue Reading 1

Last Week’s Highlights

United States The U.S. trade deficit narrowed to $38.5 billion in December – its smallest level in three-years. Stronger-than-expected exports and weaker-than-expected imports will result in an upward revision to fourth quarter GDP growth when the second estimate comes out at the end of this month. We expect real GDP to have grown by 0.5% […]

Continue Reading 0

Residential Market Update 2013

Have we hit the bottom of the slump? Canada’s cooling housing market may have some people re-thinking their desire to buy. Despite dropping sales, prices are holding up. Nationally, Canada’s housing market closed-out 2012 with a 17% decline in sales in December, but a 1.6% increase in the average price. More than half a year […]

Continue Reading 0

Mortgage Rate sheet for February 8th 2013

Good Afternoon folks! On this snow day, I’d like to present our first ever rate sheet for our viewers. Take a quick look at the rates that we can negotiate with lenders for you. Thanks to our amazing relationships with several different lenders, we have the ability to work out rates lower than what your […]

Continue Reading 0

Average Home Price Up Strongly in 2012

January 4, 2013 — Greater Toronto Area REALTORS® reported 3,690 sales through the TorontoMLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 –down from 89,096 transactions in 2011. “The number of transactions in 2012 was quite strong from a historic perspective. We saw strong […]

Continue Reading 0

Positive Start to 2013!

February 5, 2013 — Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January. This number represented a slight decline compared to 4,432 transactions reported in January 2012. “The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate […]

Continue Reading 0