Tag: down payment
Saving for a Down Payment
By: Elias KellendonkAny down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.
Determining home affordability
By: The Super BrokerAffordability is a hot topic in Canada’s residential real estate market.
Low mortgage rates can offset high prices
By: The Super BrokerWhile rising home prices are good news for sellers and buyers seeking a sound investment, they can also make it that much harder for some Canadians to enter into homeownership.
Flaherty says government intervention is done, others say differently
By: The Super BrokerWhile many industry observers feel that the mortgage restrictions put in place by Finance Minister Jim Flaherty could lead to a crash in the Canadian real estate market, Flaherty feels that current figures are a positive sign, according to Financial Post. "I'm comfortable about where we are," he told Julian Beltrame of the Canadian Press. "I'm …
Low mortgage rates remain despite government interference
By: The Super BrokerIt seems that not every member of the Conservative cabinet is a huge fan of Finance Minister Jim Flaherty’s penchant for getting involved in the mortgage market.
Avoiding homebuying mistakes
By: The Super BrokerEveryone makes mistakes, but when it comes to buying a home, those mistakes can be costly.
Financing options exist for savvy buyers
By: The Super BrokerMany Canadians, especially those who belong to the so-called Generation Y, are less than confident when it comes to their chances of financing a home purchase. Data from real estate firm Royal LePage shows that more than 72 percent of survey respondents born between 1980 and 1994 said they were pessimistic about their chances of …
Saving on home loans
By: The Super BrokerWhile household debt in Canada is at an all-time high, economists are saying progress is being made.
Effects of mortgage restrictions continue to be felt
By: The Super BrokerWhile mortgage rates continue to hover near historic lows, there’s no doubt that Finance Minister Jim Flaherty’s mortgage tightening rules have cooled the Canadian housing market.
Understanding mortgage insurance
By: The Super BrokerWhen it comes to home loans, there’s plenty of talk about mortgage rates, but far less about mortgage insurance.