Tag: mortgage

02/03/2017

March Update: Bank of Canada Maintains Interest Rate Overnight rate stays at 0.5%

FOR IMMEDIATE RELEASE Media Relations 613 782-8782 Ottawa, Ontario 1 March 2017 Available as: PDF   The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4... learn more
18/01/2017

January Update: Bank of Canada Maintains Interest Rate Target stays at 0.5%

FOR IMMEDIATE RELEASE Media Relations 613 782-8782 Ottawa, Ontario 25 May 2016 Available as: PDF   The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4... learn more
17/01/2017

CMHC Increases Mortgage Insurance Premiums Changes take effect March 17, 2017

FOR IMMEDIATE RELEASE OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to... learn more
31/10/2016

Understanding Closing Costs By Brett Nodwell

When buying a home, there are always closing costs that can surprise buyers. Of course, one of the ways to safeguard yourself against that is working with a real estate professional that helps people move on a regular basis, like a member of our sales team from At Home Group Realty.... learn more
17/10/2016

UPDATE: Stress Testing for Conventional Mortgages Delayed From The Department of Finance

As reported on our blog on October 6, 2016, big changes in the Canadian mortgage industry take effect today, October 17, 2016. Late last week, the Department of Finance delayed one of the key provisions concerning the “stress test” for conventional mortgages with at least 20% down payment until November... learn more
11/10/2016

Understanding Bridge Financing By Brett Nodwell

When you buy your next home what do you want to get done before you move in? Extra cleaning maybe even professional carpet cleaning Painting Repair work Update a bathroom New appliances Refinish the floors Maybe even going so far as to move walls and change the floor plan of... learn more
06/10/2016

Changes Are Coming to the Mortgage Industry A Home Group Realty Special Market Report

On October 3rd, 2016 Canada’s Finance Minister Bill Morneau announced a series of regulatory changes in the mortgage industry to curb risks in the housing market and make it more difficult for homeowners to dig themselves into excessive mortgage debt levels. While specific plan details are still emerging, the proposed... learn more
13/09/2016

Cap Rate Calculations for Investments By Brett Nodwell

It is extremely difficult and frustrating for investors to compare apples to oranges – but when it comes to cap rates, it seems that is exactly what they are doing. Too many take the remarks on a property listing as gospel without running it through their own set of criteria... learn more
18/07/2016

July Update: Bank of Canada Maintains Overnight Rate A Global Market Effect From Brexit

FOR IMMEDIATE RELEASE Media Relations 613 782-8782 Ottawa, Ontario 25 May 2016 Available as: PDF The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.... learn more
25/05/2016

Bank of Canada Maintains Overnight Rate No reason to raise rate past 1/2 percent

FOR IMMEDIATE RELEASE Media Relations 613 782-8782 Ottawa, Ontario 25 May 2016 Available as: PDF The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.... learn more