Super Brokers News

A new report finds that home values are expected to either remain level or make gains during 2011, which should give renewed confidence to those looking for Canadian home loans.

A recent report from the Auditor General is making mortgage news, as the Municipal Property Assessment Corporation says that it will be working to improve its processes for reviewing home sales when their prices vary from their initial assessments.

The Bank of Canada has announced that it won’t raise its key interest rate in light of weakening economic conditions – a step that should keep Canadian mortgage rates low, and create low costs for borrowers looking to buy a home.

Fewer people may be looking to take advantage of low Canadian mortgage rates to move into new homes in the near future, as the latest data from Statistics Canada showed a significant drop in the value of building permits during the month of October.

While low Canadian interest rates have been helpful for those looking to buy a home, the Globe and Mail reports that they are also making it difficult for those getting ready to retire.

selecting a fixed-rate five year mortgage term over a variable rate mortgage could grant Canadian mortgagors the best mortgage rates over the next five years

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.

A RESP is a prime method for Canadian parents or guardians to put away education savings dollars for their children or beneficiaries and watch them grow tax-free.

According to Canadian insurance providers, the average Canadian will pay their mortgage in less time than that provided by their amortization through the option of pre-payments.