February 9, 2011
If you or someone you know is a new immigrant to Canada, you may be surprised at the attractive mortgage options that are available at competitive market rates. To learn more, check out today's post.
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Welcome to Canada's Premier Mortgage Blog
January 26, 2011
When the federal government recently announced changes to CMHC's rules for high-ratio mortgage insurance, most of my colleagues voiced strong opposition. I respectfully disagree with their assessments, and in today's post I tell you why.
January 19, 2011
Today's post is my quarterly update on the state of the mortgage market. It highlights the challenges being faced in the U.S., China and the EU, and assesses the implications for the Canadian economy, and most importantly, our interest rates.
January 5, 2011
Today’s post looks more deeply into our rising debt levels and offers my best guess at the next round of mortgage rule changes that may be coming as a result.
December 22, 2010
The rise of mortgage-rate comparison websites has made “No Frills” mortgages more popular, but buyers should beware of what they are trading off.
December 1, 2010
Title insurance offers a surprisingly broad and inexpensive way to cover yourself against a host of potentially expensive problems relating to your property. To learn more, check out today's post.
November 24, 2010
Home-equity lines-of-credit (HELOCs) and open variable-rate mortgages are tempting to borrowers because they can be paid off with no penalty. Are they worth it? Using current interest rates, today's post puts the numbers to the test and compares the cost of open- vs. closed-term financing solutions. As you will see, the results are both surprising and definitive.
November 17, 2010
Today’s post challenges Finance Minister Flaherty to keep the promise he made in his 2010 federal budget, and address the lack of lender disclosure around fixed-rate mortgage penalties.