Agent Blogs


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Cory's Mortgage Market Update

Oct 4, 2013

Blog posted by Cory Kline, AMP Views (1644)

No change! Rates have remained steady this past week as a result of very little movement in the bonds. 5 year funds are available in the 3.69-3.89% range.10 year funds are in the 4.39% range.Variable rate mortgages are available as low as 2.55%. If you have a... [ read more ]

Cory's Mortgage Market Comment

Sep 4, 2013

Blog posted by Cory Kline, AMP Views (1882)

There was no change in today's press release. Their overall message of keeping Bank prime the same has not changed. Bank prime remains at 3%.     This means no changes in... [ read more ]

Bridge Financing Can Ease Closing Day Stress

Aug 22, 2013

Blog posted by Cory Kline, AMP Views (1818)

Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart.   When a bank pulled the financing  from one buyer at the last minute, it caused all the... [ read more ]

Rates Rise Again. No Housing Threat Yet

Aug 22, 2013

Blog posted by Cory Kline, AMP Views (1816)

Fixed mortgage rates have been on a steady ascent since bond yields blasted off in May. Now, the major banks are jacking up rates again. Most of the Big 6 are lifting their “Special offer” 5-year fixed mortgages to 3.79% or 3.89%, a 20 basis... [ read more ]

Mortgage Lending: CMHC's limit to Banks and Lenders

Aug 14, 2013

Blog posted by Cory Kline, AMP Views (1734)

When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an old attempt. The $85-billion MBS guarantee limit (the one that made headlines on... [ read more ]

When was the last time you checked your credit report?

Aug 14, 2013

Blog posted by Cory Kline, AMP Views (1931)

Article from Canadian Finance Blog, Written by: Alan Schram For the most part, I think Canadians have the advantage over Americans. Our housing economy didn’t crash (completely), our banks don’t appear to be failing, and medical care is... [ read more ]

Cory's Mortgage Market Update

Jul 19, 2013

Blog posted by Cory Kline, AMP Views (2070)

As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.     This means no changes in variable rate mortgages or line of credit rates.   Five year money ranging from 3.39%-3.59% and 10 year money is at... [ read more ]

Cory's Mortgage Market Update

Jul 12, 2013

Blog posted by Cory Kline, AMP Views (2207)

The interest rate market has remained steady the past 7 days. No changes in rates. There is not expected to be any changes with the Bank of Canada next week.   5... [ read more ]

Mortgage Market Update: Rates are rising!

Jun 20, 2013

Blog posted by Cory Kline, AMP Views (2312)

  Bonds rates have steadied the past week. However, yesterday's news contained reports that the US Fed may stop supporting their extraordinary stimulus in terms of their... [ read more ]

When a buyer wants to extend the closing date to a later date what are the vendor's options if he declines? Is this a practical move? Les

Jun 15, 2013

Expert Question posted by Joanne McPhail Views (7087)

Hi there:  If a buyer cannot close on the closing date set out in the Agreement of Purchase and Sale, the seller can agree to extend that date, if he is so inclined.  Sometimes monetary inducements are given as a result of such a request by the Buyer, as... [ read more ]

Taxpayer-free housing finance change coming to Canada

Jun 14, 2013

Blog posted by Cory Kline, AMP Views (2406)

Interesting article from The Financial Post... A few days ago, Scotiabank received permission from the Securities and Exchange Commission (SEC) to market to US retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was... [ read more ]

Mortgage Market Update

Jun 14, 2013

Blog posted by Cory Kline, AMP Views (2159)

Market Update: Rates are up!   The bond rates have shot up approximately 40 basis points the past 2 weeks. All lenders have raised their 5 year fixed rates at least once and... [ read more ]

Bank of Canada Announcement

May 29, 2013

Blog posted by Cory Kline, AMP Views (2507)

As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.   This means no changes in variable rate mortgages or line of credit rates.... [ read more ]

Mortgage Market Update...

May 24, 2013

Blog posted by Cory Kline, AMP Views (2126)

Bonds were steady this week, but still creating upward pressure on fixed rates. So far, no more changes; however, any further upward movement will likely result in all lenders adjusting their rates. The... [ read more ]

Pheonenmal breakdown of the topic, you should write for me too!

May 18, 2013

Expert Question posted by Joanne McPhail Views (5183)

Thanks! [ read more ]


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