Category Archives: Mortages

09 Jan

10 Things That Can Affect Home Values

There are many things that can affect the market value of a property, ranging from interest rates to home improvements to the mood of the seller. Below are some of the key dynamics that tend to have the largest influence on home values that every homeowner or aspiring homeowner should be aware of. These factors

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24 Nov

Mortgage Consumer Report

CAAMP has released the annual state of the Residential Mortgage Market. Here are some interesting stats from the Canadian Association of Accredited Mortgage Professionals. During 2014, 31% of Canadians obtained their mortgage from a mortgage broker, 61% directly from a bank. For mortgage holders who renewed their mortgage in the last 12 months, 78% saw

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30 Jan

Changes to the Rules for Government Insured Mortgages

In the face of the International Monetary Fund’s comments that the Number 1 risk to the Canadian economy is household debt, Finance Minister Jin Flaherty has announced on January 17th, three new mortgage regulations: Mortgage amortization periods will be reduced from 35 years to 30 years; The maximum amount that can be borrowed when refinancing

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