Agent Blogs

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Oct 4
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (1604)
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... [ more ]
Sep 4
2013

Cory's Mortgage Market Comment

Blog posted by Cory Kline, AMP  ::  Views (1842)
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... [ more ]
Aug 22
2013

Bridge Financing Can Ease Closing Day Stress

Blog posted by Cory Kline, AMP  ::  Views (1789)
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... [ more ]
Aug 22
2013

Rates Rise Again. No Housing Threat Yet

Blog posted by Cory Kline, AMP  ::  Views (1781)
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... [ more ]
Aug 14
2013

Mortgage Lending: CMHC's limit to Banks and Lenders

Blog posted by Cory Kline, AMP  ::  Views (1707)
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... [ more ]
Aug 14
2013

When was the last time you checked your credit report?

Blog posted by Cory Kline, AMP  ::  Views (1902)
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... [ more ]
Jul 19
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2029)
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... [ more ]
Jul 12
2013

Cory's Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2164)
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... [ more ]
Jun 20
2013

Mortgage Market Update: Rates are rising!

Blog posted by Cory Kline, AMP  ::  Views (2270)
  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... [ more ]
Jun 15
2013

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

Expert Question posted by Joanne McPhail  ::  Views (6945)
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... [ more ]
Jun 14
2013

Taxpayer-free housing finance change coming to Canada

Blog posted by Cory Kline, AMP  ::  Views (2378)
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... [ more ]
Jun 14
2013

Mortgage Market Update

Blog posted by Cory Kline, AMP  ::  Views (2118)
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... [ more ]
May 29
2013

Bank of Canada Announcement

Blog posted by Cory Kline, AMP  ::  Views (2469)
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.... [ more ]
May 24
2013

Mortgage Market Update...

Blog posted by Cory Kline, AMP  ::  Views (2089)
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... [ more ]
May 18
2013

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

Expert Question posted by Joanne McPhail  ::  Views (5057)
Thanks! [ more ]
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