How to Make Your Home Sell Fast

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If you plan on selling your house then here are some tips for you in order to make it sell quickly. (Photo from Flickr.com) 1. Make the first appearance of your house impressive If the appearance of your property is not good, many potential buyers will not even walk through the door. The front of […]

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Greece a Sideshow to China Meltdown

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Greece Grabs Headlines But China Is Far More Important While all the attention has been on Greece, the Chinese stock market has fallen nearly 30 percent in the past month as the economy slows and margin calls increase. Photo: AFP China has more than 120 times the population of Greece and is the second largest […]

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How to Inspect a House before Buying It

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If you want to buy a house then make sure to inspect it first to ensure that it doesn’t have any hidden damages in it. To do your own inspection, just follow these tips: (Photo from Flickr.com) 1. Exterior Does the house look like it will need repairs or repainting soon? Are gutters and downspouts […]

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How to Apply For a Mortgage Loan

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If you plan on applying for a mortgage loan then here are some steps that you need to know: (Photo Courtesy of Flickr.com) 1. Mortgage Budget Before ever speaking with a mortgage officer, you’ll want to determine how much house you can afford and are comfortable paying (two different things!) A good rule is that your […]

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Stand Pat Bank of Canada

As was widely expected, the Bank of Canada left overnight rates unchanged at 0.75 percent and reiterated earlier comments about the likely trajectory of the Canadian economy. The Bank is more optimistic about the economy than private sector forecasters, believing that a rebounding U.S. and global economy will spur Canadian business investment and exports in […]

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Home Owner Policy Modification

Message from CMHC’s Steven Mennill Sr. Vice-President, Insurance RE: Homeowner Policy Modifications Relating to B-21 Guidelines In line with the industry focus on risk management, the OSFI B-21 Guidelines, and responsible diligent lending practices, Canadian Mortgage and Housing Corporation (CMHC) is implementing policy modifications for homeowner (including rental) 1-4 unit properties and providing greater clarification on the requirements […]

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Will the Bank of Canada cut the lending rate on Wednesday?

The Bank of Canada Watchful Waiting I concur with the consensus view that the Bank of Canada will hold overnight rates steady at 0.75 percent when they meet this Wednesday. The post-meeting press conference and the April Monetary Policy Report (MPR) will take a guarded tone of continued unease. First quarter economic growth has been well […]

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CMHC Increasing Premiums

The Canada Mortgage and Housing Corporation has announced that it is increasing premiums for high-risk mortgages. Buyers with less than a 10 per cent downpayment will pay approximately 15 per cent more for their mortgage loan insurance from June 1, 2015. The hike follows the agency’s review of its products as it looks to boost […]

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Will the Bank of Canada cut interest rates again tomorrow (March 4, 2015)?

Will the Bank of Canada cut interest rates again tomorrow (March 4, 2015)?

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Finance Minister Joe Oliver has said he will not interfere with the housing market

Finance Minister Joe Oliver has said he will not interfere with the housing market – or force banks to lower their interest rates, despite the Bank of Canada’s announced rate cut. “I do not intend to interfere with the day-to-day operations of the banks,” Oliver said in an e-mailed statement Thursday, according to BNN. “I […]

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