canada mortgage rates: Changes are a foot! - 01/31/11 01:56 PM
There's a lot going on in 2011. Already the whoppers include mortgages rules changing effective March 2011, stronger and stronger indications of rising interest rates and a new Premier for Alberta - sometime.So what? There always is a lot going on. The best action is not reaction but positive pro-action (I just made that up- look out Sarah Palin!) In our case we started locking in all our variable rate mortgages, where it made sense. I'm not going negative cashflow for the sake of a little peace of mind. I can ride the variable until maturity and probably pay less negative … (0 comments)
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canada mortgage rates: Mortgage Rates - 11/09/10 06:05 PM
We've been locking into many of our variable rate mortgages because the rates are so incredible right now. I was offered 3.69% for a 4 year rate the other day at the TD.While riding the variable is always a good way to increase the cashflow a property produces there comes a time when you have to determine how high your variable rate threshold is. Everyone is saying mortgage rates are going to start rising. If you can withstand that then keep going with the variable.Rates like this remind me of the early 2000`s when we moved our investment focus from Winnipeg … (0 comments)
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canada mortgage rates: Will a Rising Canadian Dollar Help Homeowners? - 11/02/09 06:12 PM
I'm on Peter Kinch's mailing list because you never know when you'll need a top quality mortgage broker and you can never get enough insight into mortgage interest rates. Here is a recent mailout:In case you missed it the following is a copy of the interview between Peter Kinch and Russell Byth that aired Sunday, November 1st on News 1130
Russ: There's been a lot of talk recently about Canada's economic recovery and a key component of that recovery has been record low interest rates. So, does an economic recovery spell the end of low rates for homeowners?
On the … (0 comments)
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canada mortgage rates: Real Estate Prices Stabilizing in Alberta - 09/14/09 08:18 PM
"The difference in the resale housing market now, compared to the beginning of the year, is night and day and nowhere is this more evident than in the West," said Dale Ripplinger, association president.
"Homebuyers recognize that interest rates and prices have bottomed out, and are taking advantage of excellent affordability before prices and interest rates move higher."
A five-year fixed-rate mortgage, the most popular among consumers, is still available for less than four per cent at some financial institutions.
Variable-rate mortgages, tied to prime, remain at about three per cent and are not expected to rise until June. The Bank … (0 comments)
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canada mortgage rates: The easiest option - 07/03/09 09:49 PM
Mortgages rates are at their lowest now. You can save hundreds of dollars each month on your mortgage payment if you can stand riding the variable."More than 28% of Canadians have a variable-rate product tied to prime, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP). If you negotiated a deal before October of last year, chances are you are now borrowing money for as little as 1.35%. That's based on deals that at one point saw the banks giving 90 basis points off prime. Prime is now 2.25%.The average sale price of a home last month in Canada was … (0 comments)
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canada mortgage rates: 1.65% Mortgage Rates - 06/13/09 03:22 AM
We have a few prime -x% mortgages, they are hard to find now, and we are seeing mortgage rates as low as 1.65%. This is historic people in my generation and probably all across the board have never seen mortgage rates this low. Ever. For first time buyers there couldn't be a better time to buy. Alberta's market is about as soft as it's going to get. Though seasonal rises in prices are sure to be a factor prices and sales are starting to increase. This is even more true for those who are able to invest in property. People are … (1 comments)
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