Marcus Kallweit - Blog

Still paying rent?

marcus.kallweit@century21.ca — Tue, 23 Apr 2013 00:00:00 GMT

Interest rates are on a historic low. Your mortgage payments might be lower then your rent payments. Own a Condo? if your mortgage comes up for renewal now, you interest rate most likely is much lower when renewing. You could move into a free hold home with a garden

Again New Mortgage Rules

marcus.kallweit@century21.ca — Wed, 04 Jul 2012 00:00:00 GMT

..and You have a few days only before they Change:

These changes might affect you:

Maximum amortization period length will be 25 years instead of 30. That can change how much you can afford for monthly payments.

For refinancing, maximum LTV (Loan to Value) will reduce from 85 to 80%. That means you will from July 9th 2012 on only be able to refinance your home to a maximum of 80% of its appraised Value.

Real Estate Trends

marcus.kallweit@century21.ca — Tue, 10 Jan 2012 00:00:00 GMT

Every year, the Canadian Housing and Mortgage Corporation publishes very valuable information on the Canadian Real Estate Market and Housing trends. Find all the details at www.chmc.ca/observer for this years update.

Housing Market

marcus.kallweit@century21.ca — Fri, 22 Jul 2011 00:00:00 GMT

Media publishes forcasts that Canadian property prices will fall or flatten over the next years. Well, nobody knows the future. Generally speaking: everything which goes up must come down. Property prices you read speak of ENTIRE Canada. There are areas where property prices did go down in the last years, mainly in areas which were 'hit' by the recession more then others. Chances are that prices, which steadily slowly went up are less likely to fall drastically. And after all: you only loose if you sell in a down time. paying rent will NOT gain you anything, so over years, home ownership will pay off for sure in the Kitchener-Waterloo Area