real estate: Tips to Consider Before Buying a Home
- 05/06/10 04:04 AM
You’re about to invest in your most valuable asset. Below are our top 8 recommendations to make you more confident as you start your home buying journey. 1. Your Credit Rating Getting your finances in order is probably the most important step you should take. You must know exactly what your credit reports say about your financial history before you apply for a mortgage, because the reports play an important role in the mortgage approval process and in determining the interest rate and other loan terms that a lender offers you. 2. Understanding How Mortgages Work Get familiar with the mortgage … (2 comments)
real estate: Looking forward to an exciting spring market
- 03/11/10 12:30 AM
I can forsee this spring in Canada being huge for mortgages and real estate. With an already booming real estate market and incredible mortgage rates business looks like it will be great. I can imagine a big push on sales before the HST comes into play. And with spring already being the prime season for the industry I'm prepping myself for some late nights and long weekends working. And very excited to do so, if I may say so! I'm interested to know your take on the situation? Do you think it will be a lot of hype? … (0 comments)
real estate: Bank of Canada Cuts Rate to 0.50%
- 03/03/09 04:31 AM
The Bank of Canada cut its lending rate today by half point to 0.50%, the lowest level ever. The decrease was inline with most economists expectations. Various Canadian Banks followed this announcement by cutting their Prime Rate by 0.50% to 2.50%. The Bank of Canada also stated that its latest projections for the Canadian economy now look optimistic in the light of the latest economic data.
Each VERICO Broker is an independent owner operator.
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real estate: Grand Opening Announcement - Ancaster, Ontario
- 11/12/08 05:41 PM
I am pleased to announce that the grand opening of our Ancaster office is scheduled for December 1, 2008. The new office will be located at 911 Golf Links Road in the Meadowlands area of Ancaster, Ontario. We are excited about the opening of this new location and are looking forward to serving members of the community and the surrounding areas from this location. I would like to also thank our clients for their ongoing support. Call today at 1-877-345-6265 to book an appointment to discuss your mortgage needs!
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Gina Burgio, … (1 comments)
real estate: TD Bank 1st to Move to Adjust Rates
- 10/29/08 10:59 PM
Three times this month Toronto-Dominion Bank, Canada's second-largest bank, has been first to lower its prime rate following decisions by the Bank of Canada (the central bank) to lower its overnight rate. Toronto-Dominion's biggest rivals followed suit the same day. For example, on Oct.8, TD Bank was the first to announce a cut that day with a statement at 1 p.m., followed by Canadian Imperial Bank of Commerce (CIBC) 43 minutes later. Royal Bank of Canada, the country's largest bank, was next at 2:32 p.m., followed by Bank of Nova Scotia and Bank of Montreal. Two days later, the banks reduced … (2 comments)
real estate: Homes Sales See Biggest Gain since July 2003
- 10/25/08 01:16 PM
Sales of previously owned U.S. homes rose 5.5 percent last month, the biggest gain since July 2003. The National Association of Realtors on Friday said that sales of existing home rose to a 5.18 million-unit annual rate from the 4.91 million-unit pace set in August. The median national home price declined 9 percent from a year ago to $191,600, the lowest level since April 2004. Sales jumped 16.8 percent in the West, while rising 4.4 percent in the Midwest and 2.2 percent in the South. In the Northeast, sales fell 1.2 percent. Sales of single-family homes, which represent the lion's share … (4 comments)
real estate: Cdn Gov't to Purchase up to $7billion of Mortgages
- 10/21/08 07:54 AM
The Canadian Gov't announced today that they will, via their CMHC crown corporation, purchase up to $7billion of insured mortgage-based securities maturing in 2013. The gov't purchased their first round of mortgages worth $5billion last Thursday. This is forming part of the Cdn gov't $25billion plan to help banks weather the credit crisis and free up cash for lending.
Each VERICO Broker is an independent owner operator.
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real estate: Bank of Canada Expected to Lower Rates
- 10/20/08 09:40 AM
The Bank of Canada is expected to lower its overnight lending rate by as much as a 0.50% tomorrow. If so, this will be the second time in two weeks that the Bank of Canada has taken action to lower rates as part of its efforts to help tame the global financial crisis. Their overnight rate influences the prime lending rates charged by the chartered banks in Canada. It can affect borrowing costs on variable-rate mortgages and lines of credit. It will be interesting to see how the Banks react. The last time the Bank of Canada announced a half-point cut on Oct8, not all the chartered … (0 comments)
real estate: Canadian Central Bank Expected to Lower Rates
- 10/20/08 07:19 AM
The Bank of Canada is expected to lower its overnight lending rate by as much as a 0.50% tomorrow. If so, this will be the second time in two weeks that the Bank of Canada has taken action to lower rates as part of its efforts to help tame the global financial crisis. Their overnight rate influences the prime lending rates charged by the chartered banks in Canada. It can affect borrowing costs on variable-rate mortgages and lines of credit. It will be interesting to see how the Banks react. The last time the Bank of Canada announced a half-point cut on Oct8, not all the chartered … (1 comments)
real estate: Warren Buffett Says its Time to Buy U.S. Equities
- 10/17/08 10:02 AM
Warren Buffett has said he's buying U.S. equities if the prices stay attractive. "A simple rule dictates my buying: Be fearful when others are greedy and be greedy when others are fearful," Buffett, 78, said in an opinion piece published Friday in The New York Times. "Most certainly, fear is now widespread." He said if equities stay cheap, his non-Berkshire net worth will soon be 100 percent in U.S. stocks from 100 percent in government bonds. Thanks for the info Warren, however, I do believe the economy is in for a rough ride over the next year or so. In my … (10 comments)
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