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by Jeremy
According to a recent survey, most mortgage holders in Canada are choosing early renewals. The CMHC Mortgage Consumer Survey reported that 59% of mortgage renwers renewed before their scheduled date. Among these, nearly two-thirds (61%) renewed within three months of the scheduled date while 15% renewed four to six months out and 10% renewed more than six months before schedule. [CMHC] Further to those findings, 64% were totally satisfied with their decision to renew in advance of their actual renewal date. Most people stated that their main reason for renewing early was to avoid what they felt would be an increase in rates. In fact,…
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Posted by Jeremy
The rental market in Calgary continues to be tight, and it’s pushing rental prices even higher. With how…
Posted by Jeremy
In a recent Manulife Bank of Canada survey, almost half of Canadians have a misunderstanding about what debt…
Posted by Jeremy
This week, CMHC released the results from their 2014 Mortgage Consumer Survey, and they showed some interesting trends.…
Posted by Jeremy
As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…
Posted by Jeremy
If you’re self-employed, you may have a more difficult time obtaining financing for that home, but there’s still…
Posted by Jeremy
Calgary Stampede 2014 officially kicks off tomorrow right after the Stampede parade, which means 10 days of parties,…
Posted by Jeremy
This week the Globe and Mail launched a special series on ‘Gen Y Money’, and the trends that…
Posted by Jeremy
A new report released by Alberta Treasury Board and Finance, shows that Alberta’s hsouing market is not only…
Posted by Jeremy
When it comes to approving you for a mortgage, your lender will look at many elements of you…
Posted by Jeremy
Your credit is a very powerful tool for your financial future, and it’s especially important when it comes…
Posted by Jeremy
Starting tomorrow, homebuyers without a 20% down payment, will be paying more to purchase a home. Canada’s largest…
Posted by Jeremy
I’ve had a ton of calls this week looking for clarification on CMHC’s announcement. Here it is. CMHC…
