I still get clients that are confused by the recent changes that the Federal Government made to mortgage rules. So here is my "Readers Digest" explanation.
1. Yes anyone can still buy a home for a minimum of 5% down. Plus there are a couple banks that will still do the zero down mortgage too, but you will pay a higher interest rate if you choose that route. Call me at 790-3620 ...
Posted by Pauline Relkey
on March 18, 2011
Click here for more info.
Posted by Pauline Relkey
on April 26, 2010
Click here for the Globe and Mail article. Basically 4 main topics:
1. 35 years is the longest amortization period;
2. if investing you must put 20% minimum down payment;
3.if re-financing you can get 90% of your equity as compared to previous 95%;
4.home buyers must qualify to make payments on a 5 year term, but can still take whatever term they want.
Posted by Pauline Relkey
on February 17, 2010
The Competition Bureau submitted an application to the Competition Tribunal earlier this week after completing an investigation against the Canadian Real Estate Association (CREA) and found its business model, membership rules and the parameters surrounding MLS, to be in violation of competition rules. This issue has enormous implications on the real estate industry in Canada. Click ...
Posted by Pauline Relkey
on February 12, 2010
Click here for link to article.
Posted by Pauline Relkey
on January 26, 2010
Check out page 4 - Regina.
Click here
Posted by Pauline Relkey
on April 7, 2009
Click here for link.
Posted by Pauline Relkey
on March 9, 2009
I read a very interesting article from a speaker (see end of article) and wanted to share it with you. I made the additions/changes in red for us Canadians. I hope you enjoy it too.
It is said that the economy is in a desperate state. It is said that we are suffering, lonely and even desperate. It is said that we are in it for ourselves and care little for our neighbor. ...
Posted by Pauline Relkey
on February 21, 2009