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Chief Economist Cautiously Optimistic After Announcement

2015-04-15 | 10:06:38

Dominion Lending Centres Chief Economist Dr. Sherry Cooper Cautiously Optimistic After Bank of Canada’s April Rate Policy AnnouncementApril 15th 2015Vancouver, BC - Following today's Bank of Canada’s announcement that it will...

CMHC Premiums Increasing June 1,2015

2015-04-10 | 11:45:05

Drawing conclusions: Will new CMHC premiums raise your mortgage payments?Preet Banerjee Published Monday, Apr. 06 2015, 11:23 AM EDT Canada Mortgage and Housing Corporation issues mortgage loan default insurance. The federal housing agency recently...

Mortgage Market Update

2015-04-10 | 11:37:17

Rates remained unchanged the past week. The spring mortgage rate wars/specials have started. Make sure you fully explore what product is best suited for individual circumstances. The so called “sticker price” may not be the best deal for...

Do you wonder why banks have posted rates?...Penalties

2015-04-01 | 09:04:21

By  Trish Balaberde, Christine Hawkins, Darwyn Sloat - Kelowna Capital News                            ...

Residential Market Commentary

2015-04-01 | 07:25:47

Ultra-low but, apparently, unstable interest rates have Canadians favouring fixed-rate mortgages over variable by a ratio of nearly 2-to-1.A new survey, conducted by Nielson, for one of the country?s big banks suggests 57% of homebuyers would pick a...

Average price of homes in Toronto tops $1 million

2015-03-05 | 08:48:31

Wow! With a 9% housing price increase over last year, Toronto is now Canada's first $1 million housing city (at least for detached homes). What does this mean for Torontonians?Interestingly…This means that most first time home buyers and...