All I read is that the market is awesome, everything is awesome, prices are up and going higher, and home ownership is perfect for everyone. Frankly, I’m tired of this rhetoric. If you are reading some news, such as a developer telling you they are projecting a 5% – 7% increase in prices, ask yourself,
Today was another big day in the mortgage business. The finance minister announced some large changes to mortgages in Canada. A quick summary of those changes is as follows: 1. Non-owner-occupied properties must have a 20% down payment 2. Maximum financing on a refinance is 90% (instead of 95%) 3. Variable rate mortgage qualifications have
An article came across my desk the other day, and I’m going to provide the full text below, with my take at the very end. The article is credited to The Province and Sam Cooper. Here it is, reproduced for your reading pleasure __________ Begin Article __________ The buzz is back. In scenes rarely seen
