After Finance Minister Jim Flaherty announced new mortgage rules for 2011, many homeowners and prospective homeowners began to panic.
There are three changes that will take effect on March 18th of this year: Maximum mortgage amortization periods will be reduced from 35 to 30 years. The maximum borrowing limits for refinancing a mortgage will be reduced from 90 per cent to 85 per cent of the value ...
Posted by Paul Baron
on January 22, 2011
Each of us wants to show our home in its best light. We want guests to be wowed by it and prospective buyers to choose it out of all the homes they tour. Luckily, a few simple steps can help move your abode to the top of the list. According to Moneysense Magazine, home staging can bring in six per cent above a home’s asking price. 1. Curb Appeal Statistics say potential buyers will ...
Posted by Paul Baron
on January 12, 2011
It’s no secret that 2010 was an interesting year in the Global real estate market with economic downturns and buying booms, but a December study illustrates just how unstable the Global market was last year. A recent study conducted by Scotiabank Group shows a modest recovery for residential housing markets in 2010 through a series of ups and downs. The study found Canada as one of the ...
Posted by Paul Baron
on January 12, 2011