Canada’s Minister of Finance, Flaherty, surprised many today by tabling a budget bill with a major legislation change. The bill would move Canada Mortgage and Housing Corporation (CMHC) under the … Continue Reading OSFI will now oversee CMHC…. lookout Canada…!
This week I received a few more examples of the ridiculous penalty calculations that the BIG SIX Banks have been using… If these penalties don’t scare you, then continue to … Continue Reading $4k penalty on a $109k mortgage… $8k penalty on a $213k mortgage.
We’ve seen a growing trend lately… Customers calling to find out if there was any way to take advantage of today’s record low rates….. If you are buying for the … Continue Reading $24,000 and $19,000 in savings by refinancing their mortgages.
The Bank of Canada met on Tuesday for the 3rd of eight scheduled meetings this year to set the Bank of Canada rate. As expected, no rate change… But there … Continue Reading Bank of Canada suggests rate hikes soon…
So which report do you want to believe….? 2 separate reports… both from April 10, 2012. We have Reuter’s reporting that Canada’s Finance Minister Flaherty, isn’t making any … Continue Reading Flaherty is, isn’t, is, isn’t changing mortgage rules?