Ontario won’t expand the municipal land transfer tax beyond Toronto’s borders RepublishReprint Ashley Csanady | December 1, 2015 | Last Updated: Dec 1 9:10 PM ETMore from Ashley Csanady | @AshleyCsanady Postmedia FilesOntario won’t be allowing municipalities outside Toronto to levy a new land transfer tax on home sales. After weeks of dithering, the Ontario government […]

ROB CARRICK   The Globe and Mail  PublishedThursday, Jun. 18, 2015 6:02PM EDT The call display on your phone says it’s your bank calling. If you have a mortgage coming due in the next six months, pick up. Banks can be intrusive with their client calls and telemarketing, but talking to them about an early renewal […]

How is your bank doing? From today’s Canadian mortgage Trends Magizine. Q1 2015 Bank Earnings – Mortgage Morsels March 9, 2015  Robert McLister  1k  Canada’s big banks defied expectations for first-quarter earnings, despite the collapse in oil prices and its spinoff effects on consumer credit. In their conference calls, the banks addressed concerns about their exposure […]

A collateral mortgage can trap you: Roseman You may want to change lenders at the end of a mortgage term. But with a collateral mortgage, your freedom to move will be constrained. Dreamstime Not all mortgages are the same. More lenders are issuing only “collateral” mortgages, which could limit your borrowing options later on. By: […]

Why you should care about the banks’ posted rates on mortgages Republish Reprint Garry Marr | February 9, 2015 8:55 AM ET   Chris Schwarz/Postmedia NewsAbout a week ago, Bank of Nova Scotia lowered its posted rate on a five-year fixed rate mortgage to 4.49% from 4.79%. There are not too many Canadians who get tricked […]

Don’t let anyone drive you nuts!   Call your Broker, he is in the know. 705 646 2777 or 705 333 2222

This week I did an application for a branch manager of a local bank and wondered what led him to my office to renew the mortgage with me. Here is an Article I often refer back to when customers ask; why they shouldn’t get a mortgage from the bank that they are currently banking with. […]

I suggest talking to a mortgage broker who will have relationships with various institutions along with a thorough understanding of the particular product offerings that are available for your individual circumstance. Your broker will be able to steer you toward the best mortgage for your particular situation. Mortgages are becoming so complex, and there are […]

CMHC is Changing Its Mortgage Insurance Product Offerings Effective May 30, 2014 As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can still qualify for CMHC insured financing through CMHC homeowner […]

April 26, 2014 CMHC Sends Another Message Since 2008 the nation’s largest mortgage default insurer has been on a mission to reduce its risk exposure. Yesterday that mission continued with CMHC announcing that it would stop insuring both second homes and self-employed borrowers without traditional proof of income. Canadians have used these two programs for […]