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New Immigrant Mortgages

The New To Canada(TM) Mortgage Insurance Program makes it possible for individuals relocating to Canada to purchase a home with as little as 5% down. This program helps new Canadians purchase their first home, build equity, and become economically established in Canada.

Using your RRSP for a Down Payment

If you”re a first-time buyer with a home purchase in your near future, you might want to consider taking advantage of the Federal government”s Home Buyers” Plan (HBP). In a nutshell, the HBP allows each buyer (provided they”re both...

The Credit Question: What you Need to Know about Credit

Your credit score is probably the most important component of your mortgage application because it’s the primary factor that banks and lenders use to determine your creditworthiness. It tells lenders how likely you are to pay your bills on time, because it reflects every credit card, loan payment and late payment you’ve ever made b and every bankruptcy or credit problem you’ve undergone. With so much weighing on this tiny little number, it’s important to understand what it is, how it’s calculated and what you can do to manage it.

Calgary sees best home price growth in Canada

Calgary is currently home to the best sales price growth in the country. Average sale price here is up 7.7% compared to a year ago. That compares to a national average of only 2.5%. With a low supply of homes and a steady stream of buyers it is understandable that...

Definate cooling in the Canadian housing market

A recent economic analysis suggests Canada’s housing correction is headed for something a little rougher that the projected soft landing, but not a U.S. style crash. The analysis is based on the premise that housing prices are declining. Relative to inflation...

Market Commentary

Markets appear generally optimistic to the start of the week. There has been news of some progress in negotiations to avoid the fiscal cliff in the United State, Bond yields are up about 3 bps. Sales of existing homes fell 1.7% in Canada last month, compared to...

Be Financially Savvy

Canadians feel the 2008 economic crisis has made them more financially literate, according to a poll by BMO. best antivirus software The majority of respondents say they now have a better understanding of their investments, and 74% rate themselves as either a B or C...

Market Commentary

Markets appear buoyed by expectations of more stimulus from the U.S. Federal Reserve. The FOMC meets on Wednesday and is expected to announce another round of asset purchases to replace Operation Twist. Bond yields are up 1.2 bps. Canada’s international...

Fixed or Variable: Which is Better?

With interest rates at record lows, choosing between a fixed or variable rate mortgage has never been harder. So, which one should you go with? The answer is one you probably won't like: It purely depends on your specific financial position and comfort level....

Canadian Real Estate Market Holds Steady

Canadabs housing market is showing great staying power in the face of the global economic slowdown and concerted federal efforts to cool it off.