Elias Kellendonk

Banks Swallowing Penalties to Keep Clients from Brokers

The strategy comes as a retaliation to brokers who are able to offer better mortgage rates than the bank-posted rates.

REITs Forecasted to Produce another Year of Good Returns

According to the National Association of Real Estate Investment Trusts (REIT), investors in REITs have enjoyed as much as 28 per cent returns in equity each of the last two years, and globally REIT values are up. The question is, can investors expect that same return this year? A recovering market provides several assets to …

First Time Home Buyer

45 per cent of Canadians Purchasing Property Solo: TD Poll

Rising Trend – First-Time Homebuyers Purchasing Based on Price over Amenities and shirking the Fundamentals Results of the 2011 TD Canada Trust First Time Homebuyers Report showed that nearly half of first-time homebuyers will purchase their property alone. These figures, issued Wednesday, indicated that 57 per cent of men and 33 per cent of women …


'Playing it Safe' in a Volatile Market

Advice on Keeping your Investment Ducks in a Row amid Turbulent Waters While the Globe and Mail reports that stocks this week were pummeled in trading, the paper also reported how one of the country’s top investors is keeping it safe amid an apparent “buyer’s strike”. Frank Mersch, portfolio manager and co-chief investment officer with …

Lower Mortgage Rates

Mortgage Rates Down Across the Board

CanEquity Mortgage Sees Rates Drop on all Fixed Terms Despite rumours and majority opinion forecasting rates destined to rise, CanEquity has seen significant mortgage rate drops, as recently as within the last week. While the current variable rate mortgage special is up 5 basis points (or 0.05 per cent) to 2.20 per cent as of …

Variable rate mortgage

Fixed or Variable? Canadians Come Out Even on Recent Poll

A recent poll conducted by CIBC/Harris Decima has relayed an interesting message: though the majority (61 per cent) of Canadians believe rates will be higher next year, they are roughly even on whether they would choose a variable or fixed rate mortgage. Of those surveyed, 39 per cent said they would opt for fixed while …

Canadian Economy

Loonie Takes a Slide

The Canadian Dollar Sees Biggest Daily Drop in Eight Months Side by side with a 7 per cent fall in the S&P/TSX index and a roughly 3.7 per cent decrease in oil prices, the Loonie has slid a full 1.5 cents to the U.S. dollar – the largest slump it’s seen in more than half …

Current Prime Rate

How does Canada’s Prime Rate Compare Globally?

This recession affected countries worldwide; how did their economies adjust prime rate to compensate?

Mortgage Lenders

Who are Canada's Top Mortgage Lenders?

According to recent CAAMP reports, though 55 per cent of mortgage shoppers will start with mortgage brokers, only 27 per cent will also close with them

Is a Holiday Cottage Within Your Budget?

What you Need to Consider Before Purchasing your Vacation Home There is little more appealing than a second property that provides a getaway from your hectic city life; a place to host family and build memories; and an investment from which rental revenue can be generated during the weeks or months you won’t be using …

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