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Yesterday I was relecting back to when I first completed my Mortgage license. The licensing course had a great introductory chapter that included talking about the history of Mortgages. That led me yesterday to re-visit and “dig up” some information on the topic. I found a great article written by G. Marples from www.thehistoryof.net. Mortgages …

Under the expanding economy the Bank of Canada indicated rates will likely move up in the future however at this time their rate will remain unchanged at 1%. This is good news for variable and adjustable mortgage holders. The Canadian dollar and short term bond yields pushed higher on the news of potential rate hikes …

US un-employment claims were reported higher yesterday which threw the stock markets into sell-off mode. Investors worry that the US recovery is stalling and even good news on corporate profits hasn’t been enough to spark buying. Other reports showed less than robust activity in the US service sector of the economy which added to the …

Today the Bank of Canada announced it would leave its key rate untouched at 1%. The economy is expected to have fast growth and a quick return to capacity. The economy is predicted to grow at 2.9%, up from its January prediction. The Bank of Canada is concerned about the strengthening Canadian dollar and its …

Time Flies! March 18th will be the last day a 35 year amortization mortgage will be available to Canadians. This does not mean the house has to close by the 18th of March, however you must have a FIRM purchase (all conditions waived–including having financing in place) by this date. Other changes on this day …

The Bank of Canada has left its rate unchanged at 1%. The last interest rate increase happened in July 2010 and September 2010. Banks and lenders will hold their rate at 3% for the time being. The economy is predicted to grow at approximately 2.5% over the next two years. It is predicted that rates …

Federal Finance Minister Jim Flaherty announced yesterday tighter mortgage rules to address concerns over high Canadian household debt and to ensure the stability of the Canadian Housing Market. Currently the ratio of household debt to disposable income has reached 147%. The three main changes are: 1) Buyers who purchase with less than 20% down payment …

Welcome to our new web site. We are getting the site up and opperational day by day. We look forward to being a great mortgage resource for you and your family. Stay up to date by visiting the site. If you are surfing the site and have comments or questions feel free to call or …