I came across an article on the Financial Post today that addressed the costs of buying and selling real estate, and how it can minimize what looks like substantial profits on a real estate transaction. From the article: Add it up, using the 7% figure for the first three sales and 9% for the last… Read more »
Category: mortgage information
News and commentary on mortgages and real estate related matters.
Vancouver, British Columbia Mortgage Architects is pleased to announce the recent addition of Jeff Evans and his Canada Innovative Financial Inc. team as Mortgage Architects’ newest Western Canada franchise in Vancouver, British Columbia. Jeff cites “industry leadership,” “vision” and “solution-based support” as key reasons for joining Mortgage Architects.
There is an interesting article in the CBC about affordability of homes improving despite values increasing across Canada. From the article: Housing across Canada became more affordable in the second quarter of this year because mortgage rates dropped, according to a report from RBC. Even with prices moving higher, homes became more affordable in nearly… Read more »
Canada’s two private mortgage insurance companies, Genworth Canada and Canada Guaranty have informed Canadian mortgage lenders that they will continue to offer self-employed insured mortgages as well as second home mortgages, and not follow in the steps of CMHC which last week announced that they would be continuing their similar programs. I stated a few… Read more »
Last week, we received the news that CMHC has decided to eliminate two of their mortgage lending programs, specifically the self-employed simplified (also more gengerally known as self-employed mortgage) and their second home program. At this time, the other two mortgage insurers in Canada, Genworth and Canada Guaranty, have not announced any similar measures. CMHC… Read more »