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Mortgage Information
This rumour has got traction. It sounds like it will come to pass and that the government is trying to  pre sell the notion in the court of public opinion. If you or your children are planning a low downpayment purchase transaction soon, with a long amortisation period, (30-35 years), now would be a good...
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Toronto — The Canadian Press Published on Monday, Dec. 21, 2009 6:28AM EST Last updated on Monday, Dec. 21, 2009 11:53AM EST CTV says Ottawa is considering raising the minimum down payment for home buyers as well as reducing the amortization period in order to stop some consumers from taking on too much debt. In an interview...
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Ottawa — Reuters Published on Sunday, Dec. 06, 2009 10:57AM EST Last updated on Sunday, Dec. 06, 2009 4:56PM EST The Bank of Canada is widely expected to keep its hands off interest rates Tuesday, holding them at near zero and committing to do so until at least July, despite growing evidence the economy is kicking back...
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Residential real estate sales should recover in almost all major Canadian cities by the end of 2009, while average prices should post new records in an improved economic climate, according to a new housing report. The Re/Max Housing Market Outlook survey for 2010 predicts the uptick in sales will be lead by an anticipated 45 per cent increase in Greater Vancouver,...
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Thanks to Steve Ladurantaye, of the Globe and Mail, for the following article Globe and Mail Update Published on Tuesday, Dec. 01, 2009 10:10AM EST Last updated on Tuesday, Dec. 01, 2009 7:00PM EST A recovery in the Canadian housing market, which was “as V-shaped as you can be,” has been based on fundamentals, although TD...
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Last week James Daw of the Toronto Star wrote an excellent informative piece on yet another reason why we should all care about our credit scores. I don’t like it at all, but the fact is property insurance companies peek at our credit scores as part of the underwriting process. Make sure your credit score...
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There was a rapid demise of dozens of so called sub prime lenders shortly after the real estate bust of over a year ago, but things have been quiet since then. Till today, November 30, 2009, when a small but useful company called Adobe Mortgage Corporation quietly closed their doors for further business. Abode Mortgage...
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