Flaherty Tightens Canadian Mortgage Rules.By: Elias Kellendonk
Come July 9th, the CMHC will no longer insure mortgages with amortizations longer than 25 years, and will further limit the amount a homeowner can refinance their mortgage to 80%, down from 85%.
Home Energy Audits: Government Rebates to Fix up your HomeBy: Elias Kellendonk
It’s a win-win situation: renovate your home, improve energy efficiency, lower your monthly bills and get up to $5,000 back in an ecoENERGY grant to pay for a portion of it. That’s exactly what the Government of Canada is offering through the ecoENERGY Home Retrofit Program, which was extended June, 6 2011. In order to …
Vacancies dropping, rents rising nationwideBy: The Super Broker
New data from the Canada Mortgage and Housing Corporation finds that apartment vacancies have fallen across the country’s 35 major cities, causing rents to rise, and perhaps making low Canadian mortgage rates more attractive to potential buyers.
Positive home construction numbers another sign of recovering economyBy: The Super Broker
New home construction across Canada grew during the month of November, yet another sign that the national economy is recovering, and more people may be looking for the lowest Canadian mortgage rates in order to buy properties.
Canada Mortgage Market Still CompetitiveBy: Elias Kellendonk
Among Canadian first-time home buyers, the percentage whom employ a mortgage broker has risen from 30 per cent in 2006 to 45 per cent in 2010.
The All-in-One Mortgage CalculatorBy: Elias Kellendonk
Imagine a mortgage calculator so comprehensive that the least expensive route to home ownership becomes tangible before a commitment is made
CMHC Allows Commercial Financing up to 85 per centBy: Elias Kellendonk
With the Canada Mortgage and Housing Corporation’s multi-unit insurance coverage, a commercial investor can attain up to 85 per cent financing toward their commercial purchase.
Green Commercial Ventures Receive Federal FundingBy: Elias Kellendonk
Construction loans and land development financing is available to fund capital costs. Construction mortgages can provide up to 75 per cent financing.
Debate on the ‘No Money Down’ MortgageBy: Elias Kellendonk
The purchaser will be paying interest on every dollar of the home’s value, as opposed to nicking off a good chunk, interest free, with a down payment.
Online Mortgage Calculators: Homebuyers Make UseBy: Elias Kellendonk
The online mortgage calculator does all the math for you, and is a great asset in determining your true budget for home buying.