Archives: February 2010

Increase the Value of Your Home

We post many topics on increasing the value of your home. Most of them touch on the same thing, but the advice never gets old. It cannot be stressed enough how important some small (or bigger) changes to your home will affect its sale price. Here are a few pointers to get you started: FRONT […]

Understanding the New Mortgage Rules

The new rules being enforced by the Canadian government is basically to protect the nation’s citizens from getting into the same bubble-bursting situation that the Unites States has been and is currently dealing with. Interest rates are at an all-time low, and as a result, people are buying homes with very little down. While this […]

Minister of Finance Limits Mortgage Rules

While industry experts and housing reports have issued warning about household debt levels and the possibility of an impending housing bubble, Finance Minister, Jim Flaherty, stated that the federal government was making changes to make securing a mortgage more difficult. The rule tightening will require all borrowers to meet strict qualifications for a five-year fixed-rate […]

Ottawa Housing Prices Continue to Increase

This month, Statistics Canada announced that the price of new homes in the Ottawa-Gatineau market increased more rapidly in December than any other city. The price of new houses in Ottawa-Gatineau rose faster in December than in other cities, Statistics Canada said Thursday. The increase of 0.8 per cent is double the average for country. […]

The Future of Canadian Mortgages

A new report by the Canadian Association of Accredited Mortgage Professionals stated that many Canadians are now increasingly “conservative in their mortgage choices” leading to less loan defaults. The report also stated that of the people surveyed, over 40,000 mortgages (which totalled $10 billion) last year, 86 per cent of those loans were fixed-rate mortgages, […]