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New Canada Mortgage Rules- Good or Bad ?

On February 16 Finance Minister Jim Flaherty announced changes to government insured mortgages. You can read the full release here If you are like me..you read real quick and sometimes don't get the full explanation and can get bogged down by the details...so First off--- YOU DONT NEED 20% DOWNPAYMENT TO BUY A HOUSE TO LIVE IN ! The changes are : Require that all borrowers meet the ...

PEI Real Estate September Stats Report

For September sales are up MOM(month over month), inventory is down and prices are sitting at highs not seen in the last 4 years. Last month’s steep dip in sales appears to be an anomaly rather than a sign of things to come. Sales increased 18% MOM. Although There was a strong rebound from last month, sales for September are lower than the last few years and for a strong real estate market ...

Money For Nothing ! ...And The Fees For Free ?

Money for Nothing Below is a great article that was written from one of my oldest friends who I have coffee with every Saturday morning while our daughters go to dance class....more things than mortgage rates have changed with us since 1985. The article explains the question or the statement from people "Who are building all these houses? and Where are they coming from ? I have asked him if I ...
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