Agent Blogs


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Cory's Market Comment...

Nov 15, 2012

Blog posted by Cory Kline, AMP Views (3631)

An uneventful week in terms of interest rates. Bonds remained steady with 5 year money currently in the 2.99% - 3.09% range. We still have 10 year funds available at 3.89%.... [ read more ]

Buying a House (with your parents)

Nov 14, 2012

Blog posted by Joanne McPhail Views (12100)

Back in “the day” when a young person buying a home needed some help from his/her parents to get their first mortgage, the parents would act as “guarantors” of the mortgage.  This obviously came with risk to the parents, but more often... [ read more ]

Market Update and Economic Forecast...

Nov 8, 2012

Blog posted by Cory Kline, AMP Views (2964)

Rates remained unchanged the past week. In the article below is a summary of an economic forecast given by Craig Alexander of TD Bank, one of Canada's top economist, last evening.... [ read more ]

Fall and Winter Maintenance Calendar:

Nov 7, 2012

Blog posted by Cory Kline, AMP Views (4395)

Fall and Winter Maintenance Calendar: Fall is the perfect time to get your home ready for the coming winter, which can be the most gruelling season for your home. During winter months, it’s important to follow... [ read more ]

Article from The Globe and Mail: Pay your mortgage like it’s 2007. You'll save a pile of money...

Nov 6, 2012

Blog posted by Cory Kline, AMP Views (3492)

Just 60 short months ago, mortgage rates were double what they are now. That means payments on a 25-year mortgage of equal size were 36% higher than today.Since then, the amortization gods have slashed mortgage rates and payments. Compared to interest costs in... [ read more ]

100% Mortgage Update...

Nov 5, 2012

Blog posted by Cory Kline, AMP Views (2806)

100% Mortgage Update... We have started the "Bank" new year on Nov 1st, and almost all lending companies have removed their 100% Mortgage options. However I have called CMHC, Genworth and Canada Guaranty, and they are all still offering the Cash Back Down... [ read more ]

Cory's Mortgage Market Comment

Oct 5, 2012

Blog posted by Cory Kline, AMP Views (3750)

In the past week, there was virtually no change in the bond or mortgage rates. Costs of all funds remain extremely low. All lenders and mortgage insurers are continuing to tighten up on lending policies. This makes it even more important that you are dealing... [ read more ]

Cory's Mortgage Market Comment...

Sep 28, 2012

Blog posted by Cory Kline, AMP Views (3444)

Bonds remained relatively steady this week with no major changes to interest rates. We have seen a slight tweaking of fixed funds for high ratio or quick closings, offering a 5 year fixed at 2.99%. Regular 5 year money is currently in the 3.09% - 3.19% range.... [ read more ]

Cory's Mortgage Market Comment...

Sep 21, 2012

Blog posted by Cory Kline, AMP Views (3692)

Bonds remained relatively steady this week. No changes expected in interest rates at this time. Five year money is currently in the 3.07% - 3.19% range. We still have one lender, both conventional and high ratio, offering 10 year funds at 3.89%. If you have a... [ read more ]

Cory's Mortgage Market Comment...

Sep 17, 2012

Blog posted by Cory Kline, AMP Views (3972)

Bonds remained relatively steady the past week with only slight upward pressure. No changes expected in interest rates at this time. Five year money is currently in the 3.09% - 3.19% range. We still have one one lender, both conventional and high ratio, offering... [ read more ]

Risks with the Rent to Own Program...

Sep 12, 2012

Blog posted by Cory Kline, AMP Views (4371)

Think twice before considering the Rent to Own Program...Good article from CBC News articulating the risks involved in Rent to Own programs. http://www.cbc.ca/news/canada/manitoba/story/2012/09/10/mb-rent-to-own-housing-winnipeg.html If you have any questions... [ read more ]

Upcoming Changes to the Canadian Mortgage Market...

Sep 6, 2012

Blog posted by Cory Kline, AMP Views (4039)

These new rules have been approved and are now in the process of being implemented by all Federally Regulated Financial Institutions (FRFIs) across Canada. They have to be in place by each lender's year end (by December 31st, 2012 at the latest). Some banks are... [ read more ]

Cory's Market Update...

Aug 31, 2012

Blog posted by Cory Kline, AMP Views (3596)

News Release: Scotiabank has an agreement to purchase the Canadian operations of ING Direct. At this time it would appear that ING will continue to operate as a strong independent brand, offering self service banking, and investing without branch services and... [ read more ]

Cory's Mortgage Market Comment...

Aug 17, 2012

Blog posted by Cory Kline, AMP Views (3726)

Bonds have spiked up the past few days by 15 basis points. We fully expect to see most lenders increase fixed rates by nominal amounts. The increase has been caused by stronger U.S. data, and a lack of recent turmoil in the European markets. We fully expect to... [ read more ]

Cory's Mortgage Market Comment...

Aug 10, 2012

Blog posted by Cory Kline, AMP Views (3358)

The lack of global economic turmoil the past few weeks has seen the bond rates rise by approximately 20 basis points. There is some pressure to see a small increase in the fixed mortgage rates. 5 year money continues to the 2.99% - 3.09% range. We have one... [ read more ]


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