When you apply for a mortgage, lenders (financial institutions) may offer you options with either FIXED or VARIABLE interest rates. …
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CMHC reported on May housing starts last week. Starts were trending at just over 184,000 which is up…
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Amortization The length of time it takes to pay off a mortgage in full. If your down payment is less…
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It’s becoming increasingly difficult for families to own a home in Canada and affordability is expected to get worse going…
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How are the payments split between interest and the principal amount? For each payment the money is first used…
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The Canadian Real Estate Association releases April resale data last week which reflected a market which was up from last…
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As the appeal of living near rapid transit continues to push up the price of land around SkyTrain stations, Metro…
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Used your RRSP towards your down payment? Keep this in mind… Starting the 2nd year following your withdrawal, you must…
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The Canada Mortgage and Housing Corp.’s decision to cut back its mortgage default insurance coverage was likely directed by the…
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CMHC is increasing home insurance premiums effective 01 May 2014. Note that this increase will only effect NEW policies not…
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