While fixed rates have dropped over the past few weeks, most lenders have increased their variable rates from prime - 0.60 to between prime -0.50 to -0.35. Some lenders are still able to offer prime -0.60, but this could change any day now as the choice of lenders still offering this rate is […]

The ongoing credit issues have caused mortgage lenders to review their lending criteria, and they have become stricter allowing fewer approvals on an exception basis. The credit bureau report is a very important tool used by lenders.
Most clients have a strong credit history but there are always a few situations, either due to illness, […]

Interest rate forecasts for Canada and U.S. lowered slightly

We have rebenchmarked our interest rate forecasts for the remainder of 2008 while maintaining our calls that the Bank of Canada and the Fed will hold policy rates steady for the remainder of the year. We now see the yield on the two-year Canadian government bond ending […]

Good morning,

A good friend of mine forwarded this article to me yesterday and I found that it was extremely enlighten, very honest and straightforward analysis of our markets.

It also gives you an alternative to the markets and real-estate, not sure if it’s a good method, but at least you can have another alternative!

I hope you […]

Investment in home improvement, key in competitive housing market, says RE/MAX
Mississauga, ON (September 17, 2008) - An increasingly competitive housing environment is prompting a significant number of Ontario homeowners to invest in renovation before listing their homes for sale, according to a recent survey by RE/MAX Ontario-Atlantic Canada.
The RE/MAX Survey of Home Buying […]

I had a question on one of my listings, a townhouse listed at $289,900 and let’s say the final sale price is $285,000, the question was:
What are the condo fees, taxes and insurance and with 20% down can we make positive cash flow on this property? Thanks W . My […]

Below are the current posted and obtainable mortgage rates in the GTA
Mortgage Prime - 2.25%
Prime Rate = 4.75% Variable = 2.50%

Terms

Posted Rates

ObtainableRates

6 MONTHS

6.20%

6.20%

1 YEAR

6.95%

5.10%

2 YEARS

7.00%

5.50%

3 YEARS

7.00%

5.50%

4 YEARS

6.99%

5.65%

5 YEARS

7.15%

5.24%

7 YEARS

7.60%

6.20%

10 YEARS

7.95%

6.25%

*Rates subject to change

Please let me know if you need help with mortgage financing and I will put you in touch with good […]

I hope you enjoyed your Long Weekend!
The unofficial end to summer is here
Did you know……………. I know people who can arrange construction financing for people like you who plan to build a home or cottage?

Progress or Draw Mortgaging is the best way to finance a residential building project
Unlike a standard mortgage, […]

“As seen on TV”
I’m sure that you’ve seem and learned many ideas about flipping houses from the shows on TV. These TV shows don’t really get into the specific nuances of flipping. There is a science to successfully flipping houses. Many successful real estate […]

These are the rates from September 5th
snapshot of today’s current mortgage interest rates, see them live here:

Interest Rates

Term
6 Month
1 Year
2 Year
3 Year
4 Year
5 Year
7 Year
10 Year
VariRate
PrimeRate

Posted Rates*
7.00
6.75
7.00
7.00
6.99
7.15
7.60
7.95

Best Rates*
5.69
4.99
5.09
5.19
5.25
5.25
5.55
5.55
4.15
4.75

Read more about:

Interest Rates
Power of Sale Properties
Price Trends
or Search the MLS and more at my website

Thank you for reading my blog and if there […]