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Virtually any time you apply for credit or financing you are entering into a contract, the elements of which you need be cognizant of.
Entering into a binding contract is something you probably do more than your think, and think about less than you should. Virtually any time you apply for credit or financing you are entering into a contract, the elements of which you need be cognizant of.
The Financial Consumer Agency of Canada recommends consideration of the following steps before entering into a contract:
Continue reading “Seven items you should know before you enter into a contract”
If you are a Canadian mortgage broker, financial planner, real estate agent, or simply want to post today’s mortgage rates on your website, read on. Canadian Mortgage Rates can be posted to your website in as many as 200 different custom-fit mortgage boxes. These rate boxes will be up-to-date and tailored to suit your business.
Best of all, these Canadian mortgage rate boxes are available for your website free of charge and require no maintenance. The rates posted in your box will be updated each day automatically.
Accuracy and transparency are essential in today’s real estate and financial market. Why not keep your website up-to-date with Canadian mortgage rates that are reliable; and posted minute by minute?
Continue reading “Display Current Mortgage Rates On Your Website”
Government of Canada Tightens Reins on Canada Mortgage Market
As of March 18, 2011, two significant changes will take effect in Canada, with the third change commencing as of April 18, 2011:
Continue reading “Big Mortgage Changes to Hit Canada this March”
Officials in Ottawa are warning that they could further restrict mortgage availability in an effort to cut down on rising debt levels across the country.
Officials in Ottawa are warning that they could further restrict mortgage availability in an effort to cut down on rising debt levels across the country.
Finance Minister Jim Flaherty said that while previous generations have made it a focus to pay off their debt quickly, consumers now are less motivated to do so, which has led to elevated levels of debt for many nationwide. Making mortgage regulations tighter would restrict the flow of credit, and likely make it more difficult for consumers to take advantage of mortgage rates still below normal levels.
Continue reading “Officials warn of potentially tighter mortgage rules”
Extract: Government officials are now meeting with Bay Street banks to try and come up with new ways to drive down persistent high levels of consumer debt.
Government officials are now meeting with Bay Street banks to try and come up with new ways to drive down persistent high levels of consumer debt.
The Globe and Mail cited sources as saying that Michael Horgan, deputy finance minister, has spoken to a number of executives from major firms, and that bankers have been open to the idea of increasing down payment requirements and cutting loan terms.
Continue reading “Report: Government and banks looking to cut consumer debts”
New data from the Canada Mortgage and Housing Corporation finds that apartment vacancies have fallen across the country’s 35 major cities, causing rents to rise, and perhaps making low Canadian mortgage rates more attractive to potential buyers.
A new report from Statistics Canada says that those who choose to become homeowners earlier in life were able to reap the benefits of their decision later on down the line, when owning their home made a significant impact on their incomes and household finances.
The research, which was based on data from the firm's Survey of Household Spending from 1969 and 2006, found that the incomes at homes headed by those at retirement age were much higher than those who had been renters, simply because they didn't have to pay rent once they had stopped working.
Continue reading “Homeownership pays off in retirement”
New data from the Canada Mortgage and Housing Corporation finds that apartment vacancies have fallen across the country’s 35 major cities, causing rents to rise, and perhaps making low Canadian mortgage rates more attractive to potential buyers.
New data from the Canada Mortgage and Housing Corporation finds that apartment vacancies have fallen across the country's 35 major cities, causing rents to rise, and perhaps making low Canadian mortgage rates more attractive to potential buyers.
The CMHC's Rental Market Survey found that the average vacancy rate dropped to 2.6 percent in October, down from 2.8 percent during the same time last year.
Continue reading “Vacancies dropping, rents rising nationwide”
New home construction across Canada grew during the month of November, yet another sign that the national economy is recovering, and more people may be looking for the lowest Canadian mortgage rates in order to buy properties.
New home construction across Canada grew during the month of November, yet another sign that the national economy is recovering, and more people may be looking for the lowest Canadian mortgage rates in order to buy properties.
Data from the Canada Mortgage and Housing Corporation showed that the seasonally adjusted annual rate of housing starts was 187,200 in November, an increase of more than 11 percent compared to October's numbers. Leading the way was a 20.9 percent increase in urban multiple starts – showing an increased demand for apartments and condos.
Continue reading “Positive home construction numbers another sign of recovering economy”
A new survey finds that the vast majority of women say that in the end, they have control of family finances instead of men.
A new survey finds that the vast majority of women say that in the end, they have control of family finances instead of men.
The Angus Reid poll, titled Financial Lives of Girls and Women, found that 89 percent of respondents felt that while women may end up speaking with a financial advisor or a spouse about money issues or mortgage rates, they still held ultimate control over most financial decisions.
In addition, while 89 percent of women felt that they should consult their partner before making financial decisions, just 51 percent of respondents said that they actually did, representing a significant shift from traditional stereotypes.
Continue reading “Survey: Women control household finances”
Renewed strength in the energy industry has resulted in higher demand for new office developments in Calgary, according to a report from Cushman & Wakefield.
Renewed strength in the energy industry has resulted in higher demand for new office developments in Calgary, according to a report from Cushman & Wakefield.
The firm says that in 2008, many energy companies were forced to make massive layoffs, which ended up stalling a number of projects. Now that the sector is back on its feet, developers are looking for Canadian commercial mortgages to get them going once again.
"What we are seeing both in the downtown core and in suburbs is the engineering sector is not only ramping up but is up to where it was at late 2008 and looking for expansion beyond," Bob MacDougall, senior managing director of the firm, told the Calgary Herald.
Continue reading “Surging demand for new office development in Calgary”