Tag: down payment

down payment minimum

Saving for a Down Payment

By: Elias Kellendonk

Any 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.

low rate high price

Low mortgage rates can offset high prices

By: The Super Broker

While 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 Broker

While 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 Broker

It 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.

royal bank

Avoiding homebuying mistakes

By: The Super Broker

Everyone makes mistakes, but when it comes to buying a home, those mistakes can be costly.

Financing options exist for savvy buyers

By: The Super Broker

Many 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 Broker

While household debt in Canada is at an all-time high, economists are saying progress is being made.

mortgage rules

Effects of mortgage restrictions continue to be felt

By: The Super Broker

While 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.

mortgage insurance

Understanding mortgage insurance

By: The Super Broker

When it comes to home loans, there’s plenty of talk about mortgage rates, but far less about mortgage insurance.

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