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EFFECTS OF THE MARCH 18TH AMORTIZATION CHANGES:

2011-02-21 | 09:59:07

-  At the current posted 5-year rate of 5.19%, reducing amortization from 35 to 30 years will boost a homeowner’s monthly mortgage bill by $95 or more than 6% on a $300,000 loan-  This change has the same effect on payments as an...read more

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New Rules (bullet point)

2011-01-17 | 10:01:40

For those who doesn't have the time to read the longer version, here's your bullet point version...Changes are effective March 18, 2011:1.  Maximum Amortization is decreased from 35 to 30 years.2.  Maximum LTV on refinances will decrease...read more

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New Mortgage Rules

2011-01-17 | 09:59:45

Flaherty details new mortgage rulesBILL CURRY AND GRANT ROBERTSONOTTAWA/TORONTO— Globe and Mail UpdatePublished Monday, Jan. 17, 2011 8:12AM ESTLast updated Monday, Jan. 17, 2011 11:00AM ESTConcern over rising consumer debt levels is prompting...read more

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Bond Yields on the rise

2010-11-05 | 10:34:26

Yields Bounce From the DepthsThe world’s most prominent fixed income investor, Bill Gross, has predicted the end of the 30-year bull market in bonds.His call may be early and he is but one man, but bond traders took note as they sold off...read more

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HST? How it affects the Real Estate Market

2010-11-05 | 10:31:30

BASIC INFORMATION ON H.S.T. FOR RESIDENTIAL REAL ESTATEOctober 28, 2010H.S.T. has different implications for used residential real estate and new residential real estate. In this part of our website we outline the basic rules regarding H.S.T., and...read more

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TD Raises Prime Rate to 2.75%

2010-07-20 | 12:09:01

TD Canada Trust is the first big bank to increase their Prime Rate to 2.75% out of the Big 5.  Other banks will lakely follow later on today or tomorrow...read more

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