Latest Round of Mortgage Rules – B21 – The Sky is NOT Falling

Earlier this month, the Federal Government released the final version of B21 which covers new rules for mortgage insurers in Canada. The final document is virtually the same as the discussion draft issued in the spring, so there are no big surprises. The new rules are really a continuation of the previous legislation (B20) that […]

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Tips to avoid making a bad loan choice

Many first-time buyers make the same five mistakes when selecting a personal mortgage by Ryan Starr, Special to The Star, April 17, 2014 Real estate and mortgage specialist George Christopoulos knows all too well the mistakes first-time buyers can make when it comes to shopping for home loan. “They do some research on the Internet […]

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Protecting Yourself Against Fraud

Consumer fraud is a big as ever and in today’s fast paced lifestyle it is easy to let your guard down. Here are some best practices you can use to protect yourself:   Never give away personal information over the phone Only use trusted web sites and answer only trusted emails Shred all personal information before […]

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New CMHC Premiums

The Federal Government continues to tweak mortgage lending to ensure that the Canadian Real Estate market remains healthy. After many years of loosening the lender guidelines the Bank of Canada is tightening up guidelines. If the past few years we have seen Self Employed Borrowers face a tighter market and amortizations lowered from a high […]

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Competition in the Canadian Mortgage industry

This is article is a from 2011 but recent studies show Canadians are paying attention and saving money. A 2013 study showed over 30% of Canadians are now using Mortgage Brokers to arrange their mortgage. This figure is up from previous years and continues to grow. The 2011 report was used to shed light on […]

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8 Energy-Efficient Home Improvements That Save Money

Saving money by lowering your energy consumption is a great idea. Both for your pocket book and the environment. Here are eight great tips on how to save energy and money.   By Steven Holbrook http://money.usnews.com/money/personal-finance/slideshows/8-thrifty-home-improvements Making prudent purchases. As energy costs rise, you might be looking for ways to be more energy-efficient without breaking the […]

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