New Rules For Borrowers - 02/17/10 09:54 AM
New Rules For Borrowers
Just wanted to let you know that new rules for mortgages are coming into effect April 19 2010.  
Finance Minister Jim Flaherty announced restrictions Tuesday for any borrower who wants a mortgage backed by the Canada Mortgage and Housing Corp. Though the changes officially go into effect April 19, experts say lenders will likely put them into place immediately:
 
1)     The maximum amount consumers can borrow to refinance their mortgages is being lowered to 90 per cent of the value of the home, down from 95 per cent.
2)     All borrows will have to … (0 comments)

Calgary shift from a buyers market to sellers market - 02/05/10 06:09 PM
Calgary shift from a buyers market to sellers market.
Some interesting stats which may indicate a shift from a buyers market to sellers market. In Calgary we have numbers showing a 9% increase in the average sales prices of single family homes in the past 12 months. there has also been a 2.3% increase in the last 3 months of 2009 for 2 storey homes while bungalows and condo remain virtually unchanged  over the same 3 months.

 
Cheers, Colin
 
Colin Kennedy, ,
MaxWell Canyon Creek

3205 - 380 Canyon Meadows Dr. S.E.
Calgary, Alberta Canada T2J … (1 comments)

 

Colin Kennedy

Calgary, AB

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