Buying your first home is one of the most exciting things in people's lives and now with the interest rates as low as they are, going from a Renter to a First Time Home Owner is easier than it ever has been. Many financial instituatins are offering great incentives to First Time Home Buyers. One of these incentives is a cash back option that can be put towards a downpayment.
These ...
Posted by Martin Minda
on March 22, 2010
Federal Finance Minister, Jim Fleherty, annouced prudent changes to mortgage insurance rules intended to come into force on April 19th, 2010. CAAMP (Canadian Association Of Accredited Mortgage Professionals) was actively engaged in the discussions around these changes, which are as follows:
All borrowers must meet the standards for a five-year fixed rate mortgage even if you choose a mortgage ...
Posted by Martin Minda
on March 9, 2010
February Sales and Average Price Increase Annually
March 3, 2010 -- Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ...
Posted by Martin Minda
on March 5, 2010