Agent Blogs


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Possible Future Changes to the HELOC Product...

Aug 9, 2012

Blog posted by Cory Kline, AMP Views (3351)

Industry News   If you are considering a future HELOC or readvanceable mortgage equalling 66%-80% of your home value, you may want to act soon.   Rumour has it that some banks may start cutting back on their HELOC lending limits by the... [ read more ]

Cory's Mortgage Market Comment...

Jul 27, 2012

Blog posted by Cory Kline, AMP Views (3206)

The bond rate dropped marginally over the last week which could lead to a potential tweaking of fixed rates.  We now have one lender offering 3.89% both conventionally and high ratio.We previously had 3 lenders offering 10 year funds at 3.89%. If you have... [ read more ]

Cory's Mortgage Market Comment...

Jul 19, 2012

Blog posted by Cory Kline, AMP Views (3088)

Continued uncertainty in Europe and other emerging economies is still a concern to the Bank of Canada. On Tuesday, it was announced that no changes will take place and bank prime will remain at 3%. The bond rate remained steady this week with five year money... [ read more ]

Cory's Mortgage Market Comment...

Jul 12, 2012

Blog posted by Cory Kline, AMP Views (3241)

With the new mortgage regulations last week, every lender saw instant increased volumes. As a result, we are experiencing slower turnaround times. On the conventional side, a few of our lenders have tightened amortizations to be consistent with that of the new... [ read more ]

Cory's Mortgage Market Comment...

Jul 5, 2012

Blog posted by Cory Kline, AMP Views (3106)

The majority of our lenders have officially announced the changes to underwriting guidelines effective July 9th at the latest. We are seeing an overall tightening up in the mortgage industry with both high ratio and conventional mortgages. The next announcement... [ read more ]

10 Questions Every Borrower Should Ask

Jun 28, 2012

Blog posted by Cory Kline, AMP Views (31613)

  1. If I have mortgage default insurance do I also need mortgage life insurance? ·         Yes. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or dependents to... [ read more ]

Living in a Fool’s Paradise of Low Interest Rates...

Jun 28, 2012

Blog posted by Cory Kline, AMP Views (4155)

Interesting short video from Globe and Mail called...Living in a fool’s paradise of low interest rates. Click here for the Globe and Mail video. Rob Carrick takes a look at what Canadians can expect with short-term and long-term mortgage rates.  ... [ read more ]

Cory's Market Comment...

Jun 22, 2012

Blog posted by Cory Kline, AMP Views (2900)

The bond market was uneventful this past week. Rates continue to remain extremely low. Five year money is still in the 2.99%-3.19% range. Keep in mind we still have 2 lenders offering 10 year funds at 3.89%. A wonderful option for those concerned with future... [ read more ]

New Mortgage Rules Make it More Difficult to Buy a Home

Jun 21, 2012

Blog posted by Cory Kline, AMP Views (4306)

The Federal Government announced this morning four new clampdowns on insured mortgages that will quickly come into effect on Monday, July 9th, 2012. These changes include: Reducing the maximum amortization period to 25 years from 30 years Reducing... [ read more ]

Seller Property Information Sheet (SPIS) – Just Don’t Go There!

Jun 13, 2012

Blog posted by Joanne McPhail Views (25685) (2 comments)

Here is a copy of a blog posted on Barriston LLP's web site: http://www.barristonlaw.com/blog/ written by David Lucenti, Associate.  Thansk David! A couple of weeks ago, a client came in to see me regarding the sale of her home.  She... [ read more ]

Cory's Mortgage Market Comment

Jun 7, 2012

Blog posted by Cory Kline, AMP Views (3554)

On Tuesday, the Bank of Canada announced "no changes" with Bank Prime remaining at 3% Continued European uncertainty lead the bond rate to a new low for 2012. Most of of our lenders have followed the market and we have seen a downward adjustment in... [ read more ]

Bank of Canada Announcement...

Jun 6, 2012

Blog posted by Cory Kline, AMP Views (3920)

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. Fixed rates remain at records lows. We currently have five year money ranging from the... [ read more ]

Mortgage Brokers Warn About New Refinancing Rules...

May 24, 2012

Blog posted by Cory Kline, AMP Views (3719)

Canada’s mortgage brokers are warning the banking regulator that its proposed mortgage underwriting rules could result in people losing their homes.   The brokers are concerned about a number of the potential rules, but the one that worries them most... [ read more ]

OECD Urges Canada to Raise Mortgage Rates...

May 24, 2012

Blog posted by Cory Kline, AMP Views (3177)

An influential international body is urging Canada’s central bank to raise interest rates in the fall, and continue doing so through 2013 to cool housing prices and contain inflation. The Paris-based Organization for Economic Co-operation and... [ read more ]

Corys Mortgage Market Comment...

May 10, 2012

Blog posted by Cory Kline, AMP Views (3701)

With instability of the current European elections, we have seen the bond rate drop slightly. With so much European uncertainty there is potential to see the bond rate stay in this lower range. The low bond rate creates our low interest market. Keep in mind... [ read more ]


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