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Downsizing and Getting Your place ready to Sell

The True Cost of Downsizing In the midst of the booming real estate market in Canada, many Canadians are entertaining the idea of Downsizing. In order to sell their homes at a high value and purchase a smaller home or condo at a lower price. Is Downsizing the way to go? What are the costs…
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Rising Interest Rates – A Mortgage Analysis May Help

Rising interest rates could spell trouble for home equity loans When the Bank of Canada raised its key overnight lending rates on Wednesday (the second interest rate hike in two months), the central bank also raised concern over household indebtedness. In its news release it said, “Given elevated household indebtedness, close attention will be paid…
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Mortgage Rates – Does it pay to shop around?

Does It Still Pay to Shop Around for the Best Mortgage Rate? As a reminder, on November 30, 2016, refinances, properties with purchase prices of more than $1 million, and single-unit rental properties all became ineligible for default-insurance coverage. These changes have limited the number of competitive offerings that are available through monoline lenders. Monoline…
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What Does The Future Hold For Mortgages?

What Does The Future Hold For Mortgages? There have been a dizzying number of changes to the mortgage rules over the last six or seven years. The red hot markets in Toronto and Vancouver coupled with increased household debt and concerns over the risk to the Canadian tax payer through CMHC, have caused the federal…
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