04 Nov Post Mortgage Rule Banking Conspiracy
Here's what's in today's blog post for you ...
Here's what's in today's blog post for you ...
I think there is a definite "bump" (re: improvement) in this months Real Estate data. Is this due to increased activity resulting from the Mortgage rule changes? Or is this a new trend? Continue visiting my blog to analyze future data. Breaking down the following statistics helps...
Here are the MOST popular and frequently asked questions, post Mortgage rule change: 1. What is the qualifying interest rate? Today, the qualifying interest rate is 4.64%. This means that potential home buyers need to qualify for their Mortgage AS IF their interest rate was 4.64%. Once...
Hey Everyone, Here are some of the important highlights from today's Bank of Canada (BoC) interest rate announcement. I've also included a current Alberta economic update for higher connection and relevance for you: Click here to read the full BoC announcement. Click here for the full AB...
Many people I speak with want to see, all else being equal, how the new qualifying interest rate would change home purchasing power. Before we get started, let's cover off on the following: New Mortgage rule change taking effect. What goes into Mortgage qualifying? What is...
Strictly looking at one or two data points from the Calgary Real Estate Board's (CREB) most recent news release might lead me to believe our detached and apartment sectors are doing A-OK. Here are some sexy headlines I might see ...
Here are three "things" that happened last week which influence Canadian interest rates, and why I think you want to pay attention: OSFI draft proposal. U.S Federal Reserve's agenda. Governor Poloz's speech. OSFI Draft Proposal: The Office of the Superintendent of Financial Institutions Canada (OSFI) have created a draft...
It wasn't all that long ago when 40 year amortizations existed, refinancing a Mortgage up to 95% of the value of my home was possible OR that if I was self employed, and could fog a mirror, my income was acceptable to qualify to purchase...
Hey Everyone! Below is the Bank of Canada press release from earlier this week justifying their current interest rate decision. The BIG highlight is our Key Lending Rate has remained unchanged at 0.50%. As a result, all variable Mortgage interest rates remain unchanged. Please continue reading for more...
Use the information below to: Help you anticipate near term Single Family Home (SFH) and Apartment price movements. Anticipate near term fixed interest rate movements. Help you decide WHO you choose to have the privilege of placing your Mortgage (shameless self promotion here :-)). I don't...