Agent Blogs

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Jun 28
2012

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

Blog posted by Cory Kline, AMP  ::  Views (4111)
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.   Please keep in mind that we... [ more ]
Jun 22
2012

Cory's Market Comment...

Blog posted by Cory Kline, AMP  ::  Views (2859)
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 rates. Contact us for a free,... [ more ]
Jun 21
2012

New Mortgage Rules Make it More Difficult to Buy a Home

Blog posted by Cory Kline, AMP  ::  Views (4273)
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 the maximum amount of equity... [ more ]
Jun 7
2012

Cory's Mortgage Market Comment

Blog posted by Cory Kline, AMP  ::  Views (3512)
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 fixed rates. Five year money is... [ more ]
Jun 6
2012

Bank of Canada Announcement...

Blog posted by Cory Kline, AMP  ::  Views (3866)
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 3.19% to 3.39%. We still have two... [ more ]
May 24
2012

Mortgage Brokers Warn About New Refinancing Rules...

Blog posted by Cory Kline, AMP  ::  Views (3681)
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 outlines what banks would have to... [ more ]
May 24
2012

OECD Urges Canada to Raise Mortgage Rates...

Blog posted by Cory Kline, AMP  ::  Views (3137)
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 Development’s prescription for monetary... [ more ]
May 10
2012

Corys Mortgage Market Comment...

Blog posted by Cory Kline, AMP  ::  Views (3654)
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 we still have 2 lenders offering... [ more ]
May 10
2012

Are Canadians Prepared For Higher Interest Rates?

Blog posted by Cory Kline, AMP  ::  Views (3659)
  • With the Bank of Canada recently signalling that interest rates may rise sooner than many were anticipating, the question becomes how well-prepared Canadians are for higher rates? • Over the medium-term, interest rates will likely rise at least 2 percentage points and... [ more ]
May 8
2012

CMHC's Review on Barrie's Housing Market

Blog posted by Cory Kline, AMP  ::  Views (3528)
Just released...CMHC's Housing Market review for Barrie, if your interested in reading the full review please click on the link: CMHC Barrie Housing Market Review Today's Mortgage Rates at Neighbourhood DLC... 3 year fixed: 2.99% 5 year fixed: 3.19%-3.59% 10 year fixed: 3.89% Free Down... [ more ]
May 4
2012

Cory's Mortgage Market Comment...

Blog posted by Cory Kline, AMP  ::  Views (3899)
Market Comment... The past week has been uneventful in terms of interest rate movement. The bonds remained fairly steady with last Wednesday still being the high for 2012. Keep in mind we still have 2 lenders offering 10 year funds at 3.89%. A wonderful option for those concerned with future... [ more ]
Apr 30
2012

Save Big by Shopping at Mortgage Renewal...

Blog posted by Cory Kline, AMP  ::  Views (3655)
While most Canadians spend a lot of time and effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at the time of renewal costs Canadians thousands of extra dollars every year. It’s... [ more ]
Apr 30
2012

3 Reasons to Consider a 10-Year Term Mortgage...

Blog posted by Cory Kline, AMP  ::  Views (3444)
The 10-year fixed-rate mortgage has generated renewed interest lately as borrowers look to lock in for the long term and enjoy the security and peace of mind this brings. With mortgage rates at all-time lows, it turns out that fashion isn’t the only thing that comes back into style! In... [ more ]
Apr 26
2012

Mortgage Market Comment

Blog posted by Cory Kline, AMP  ::  Views (2783)
Mortgage rates remained unchanged over the past week. The bond rate has been creeping up and hit a new high for 2012. There has been a great deal of news in the different media's recently, about the potential for higher rates during 2012. Last Friday at a industry conference, Genworth Canada... [ more ]
Apr 19
2012

Cory's Market Comment...

Blog posted by Cory Kline, AMP  ::  Views (2770)
As expected there was no change in the Bank of Canada this past week. They certainly set the stage for some possible increases in the future. The bond rate remained flat the past 7 days, therefore no changes in the fixed term mortgage rates. We still have 2 lenders offering 10 year funds at... [ more ]
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