18 Jan 2017

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Breaking Down the Mortgage Insurance Increase

Both CMHC and Genworth announced identical mortgage insurance premium hikes yesterday, which is causing a bit of panic, but in reality this change equates to a small amount of money for homeowners and borrowers. The premium increase will bring the rate from 3.6 per cent to 4 per cent, coming into effect March 17, 2017. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill, Senior Vice-President, Insurance. “Overall, the changes will preserve competition in the mortgage loan insurance industry and contribute to financial stability.” [CMHC] For the average mortgage-insured homebuyer, this…

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11 Jan 2017

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CREB 2017 Forecast: Social Media Recap

Today, CREB hosted their annual forecast and tradeshow, shedding some light on what the housing market will bring…

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4 Jan 2017

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New Year Resolutions: How to Buy a Home...

Did you make a New Year’s resolution to finally buy a home this year? Well, the good news…

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3 Jan 2017

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New Year Resolutions: How to Tackle...

After the added expenses of the holiday season, and the ringing in of a new year, many people…

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14 Dec 2016

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What Newcomer First-Time Buyers Should...

Navigating the real estate market for the first time can be tricky, but if you’re also new to…

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7 Dec 2016

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Why Winter is the Best Time to Buy a...

Winter is often thought of as the “off-season” for real estate, but these colder temperatures do present an…

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4 Dec 2016

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The benefits of a refinance

Around this time of year, people are looking to save money wherever they can, including their mortgages. Some…

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17 Nov 2016

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What to understand about property taxes

Property taxes is something that first-time homebuyers can sometimes forget to budget for, and something that homeowners often…

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9 Nov 2016

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How Seniors Can Protect Their Finances

In Canada, we recognize this week as National Senior Safety Week, and protecting seniors from being victims of fraud goes…

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8 Nov 2016

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Why TD May Be The Only Bank To Increase...

Why TD may be the only one of the Big Six to increase their Mortgage Prime Rate By…

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7 Nov 2016

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The Importance of Making a Budget

November is Financial Literacy Month, and the number one money management tip for everyone, is to have a budget! According…

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2 Nov 2016

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TD Hikes Mortgage Prime Rate

Hot Off The Press!! We just had a lender, TD Bank, make an interesting move this morning and…

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1 Nov 2016

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TD Increases Their Mortgage Prime...

Hot Off The Press!! We just had a lender, TD Bank, make an interesting move this morning and…

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