Category Archives: mortgage and real estate news

Many in the public have been surprised at the rate increases in variable rate mortgages this past month. For myself and some others in the industry, the only surprise was that it took so long to do it. It has … Continue reading →

The Canadian Association of Accredited Mortgage Professionals (CAAMP) today released their latest set of statistics regarding mortgages and real estate in Canada.  In summary:

On Tuesday the Bank of Canada decided to leave its key lending rate unchanged at 1%, meaning that the prime rate for variable rate mortgages also will remain the same until at least their next meeting. I came across this … Continue reading →

With the recent news that in the past year Greater Vancouver real estate prices had increased by an average of 18% from already very high levels, and historic lows in rates possibly coming to an end soon, the time is … Continue reading →

Make your mortgage tax deductible and pay it off years sooner! This is my first note today about Tax Deductible Mortgage Plan (TDMP) mortgages.  This is an exciting plan for many people who are paying too much in income taxes … Continue reading →

I was reading the Globe website today and saw this article about a mortgage broker in Toronto who thinks that the mortgage changes are a good thing for consumers.