In my article yesterday, I had alluded to a story on the news about up to 25% of downtown Vancouver condo units being vacant. On the Georgia Straight website, there is an article also about this, and about a mayoral candidate that is campaigning to have vacant condos subject to a higher property tax. The… Read more »
Category: mortgage information
News and commentary on mortgages and real estate related matters.
There is an article on the Financial Post website today which quotes the CEO of CMHC saying that CMHC are evaluating restructuring the mortgage insurance risk exposure which could include the sharing of risk with mortgage lending institutions.
There is an article on the Financial Post website today talking about what to do when to comes time for mortgage renewal. From the article:
I came across an interesting article in the Huffington Post today about people borrowing up to the limits of their qualification to buy a home. From the article: A homeowner who files bankruptcy typically has a mortgage equal to 95 per cent of the value of their house. For consumer proposal filers the number is… Read more »
On the Globe and Mail website is a story about the Bank of Montreal (BMO) lowering their 5 year fixed rate to 2.99%. From the article: Bank of Montreal has once again lowered its five-year fixed mortgage rate to 2.99 per cent, from 3.29 per cent, a move that could cause more downward pressure on… Read more »