Archive for Mortgage Financing
Homeownership Poll By RBC Says Buying A Home Is A Good Investment
According to the 19th Annual Homeownership Poll by RBC, 90 per cent of Ontario residents say that a house or a condo is a good investment. Ontario had the highest percentage of people saying real estate is a good investment. This year, 59 per cent of Canadians felt that now was the time to buy [...]
Buying A Home In Toronto? Don’t Let Bad Credit Stop You!
Before you start shopping for a home in Toronto, you need to have a good understanding of your personal credit situation. It’s easy to find out. You can visit either Transunion or Equifax. Transunion and Equifax are the two major Canadian credit bureaus. You can get your credit score and report immediately online for a [...]
A Hot Toronto Real Estate Market Brings More Reasons To Protect Yourself
Earlier this decade, mortgage fraud was a rampant problem. In the last few years, it declined some, but didn’t stop being a common problem. Now, according to this article in the Toronto Star, mortgage fraud has more than doubled in the last year – it’s up 150 per cent, predominantly in Ontario and the Greater [...]
Craig Alexander From TD Economics Gives His 2012 Forcast For Toronto Real Estate
Craig starts off by apologizing for last year’s economic forcast of what would happen to the Toronto real estate market in 2011 – it seems ALL of the economists got it wrong! It’s not often us normal citizens get a change to hear an in-depth, global, nation-wide and Toronto-GTA analysis of what we should expect to [...]
Latest Mortgage Stats From The CAAMP Mortgage Conference
Highlights from 2011 mortgage survey The three-day 2011 Canadian Association of Accredited Mortgage Professionals (CAAMP) Conference in Toronto wrapped up just a few days ago. The managing director of Maritz, a research company, shared the highlights of a survey at the conference that was conducted in October, polling 2,000 Canadians on mortgages: Canadians and their [...]
No More New Mortgage Rules: Flaherty
According to Canadian Finance Minister Flaherty, there aren’t any new mortgage rule changes on the horizon. “We have seen in the past year some softening in the Canadian housing market, in part due to the tightening of the insured mortgage market rules that we did earlier this year… That’s an appropriate result from that tightening,” [...]
4 Secret Tricks To Boost Your Credit Score When Buying Toronto Real Estate
Your credit score is a magical three-digit number that can affect your mortgage rates as well as your ability to qualify for a mortgage at all. Your credit score is lowered by a number of things, such as carrying a high balance, missing payments and applying for new credit. Before jumping into the home buying [...]
Tips For Toronto Home Buyers To Maximize Their Credit Score
One of the major aspects of buying a Toronto house or condo is arranging mortgage financing. Whether or not a major lender will approve you depends a lot on your credit score and how you’ve managed debt in the past. Some clients have come to us and proudly said “We don’t have any credit card [...]
More Of The Biggest Mistakes You Can Make As A First-Time Homebuyer In Toronto
Don’t Make These Mistakes When Buying Toronto Real Estate For The First Time Home buying in Toronto can seem like a daunting task for the first-time buyer. There are many other people involved, paperwork and a lot of things you have to get done all at the same time. Below are some of the worst [...]
Toronto Real Estate Team Information On Making Your Financial Goals A Reality
Toronto Real Estate Blog Presents: Pay Yourself First Edward Jones Financial Advisor Andrew Sherbin shares some quality information on regularly contributing to your investments in this article: Are you falling behind on your Registered Retirement Savings Plan (RRSP) or other financial goals? The solution to the problem may be simpler than you think. It’s possible [...]
