Frank’s Blog
Canadian Home Sales Pick Up in September
October 19, 2011 by Frank · Leave a Comment
OTTAWA, Oct. 17, 2011 /CNW/ – According to statistics1 released today by The Canadian Real Estate Association (CREA), national resale housing activity picked up in September 2011.
Speaking of Money….It’s Financial Planning Week
October 19, 2011 by Frank · Leave a Comment
TORONTO, Oct. 17, 2011 /CNW/ – October 17-23 is Canada’s third annual Financial Planning Week and as part of its campaign to get more Canadians engaged in their financial wellbeing, Financial Planning Standards Council (FPSC®) hit the streets to hear what Canadians are saying about money.
Government Housing Policies are Adding to Risks for the Economy
October 19, 2011 by Frank · Leave a Comment
TORONTO, Oct. 17, 2011 /CNW/ – A report by noted housing economist Will Dunning, entitled Restricted Land Supply and Rising Housing Costs in the GTA, concludes that government-imposed costs and constraints on land supply have caused both the prices of new housing and the level of economic risk to rise.
The Four Types of Mortgage Products
September 27, 2011 by Frank · Leave a Comment
When purchasing real estate in the Hamilton area it’s important to consider your mortgage options. Although there are specialty products available in the mortgage market like Interest Only mortgages and Balloon Payment Mortgages, the majority of homeowners opt for one of these four mortgage options: A fixed rate, a variable rate, a conventional or a [...]
The mortgage pre-approval
September 27, 2011 by Frank · Leave a Comment
Are you looking to own real estate in Hamilton? Getting a pre-approval from a lender makes it easier for you to find the home you want within your price range. However, getting pre-approved does not guarantee you’ll get the mortgage. It is simply a certificate saying that through a quick calculation of your finances, the [...]
Home ownership benefits retirees
September 27, 2011 by Frank · Leave a Comment
A recent study released by StatsCan found that purchasing a home is a wise choice as an investment for retirement. The study, which studied the years between 1969 and 2006, concluded that home ownership made a significant and rising contribution to household finances for retirement-age households. According to the report, Study: Incomes from owner-occupied housing [...]
Cash Back mortgages still available
September 27, 2011 by Frank · Leave a Comment
First time homebuyers in Hamilton may be wondering if they’ll ever be able to afford a home. On March 18, 2011, the mortgage lending rules changed, making it slightly more difficult for first time home buyers to qualify for a mortgage. The one change that has a direct affect on first time home buyers is [...]
Canada’s new mortgage rules and Hamilton Real Estate
September 27, 2011 by Frank · Leave a Comment
The recent mortgage changes by the Ministry of Finance’s Jim Flaherty came about because the government and the Bank of Canada are concerned about the record levels of household debt. For every $1 in savings, Canadians owe $1.50 and mortgage debt is up around $1 trillion. The Bank of Canada recently warned that debt levels [...]
Mortgage Default and Title Insurance
September 27, 2011 by Frank · Leave a Comment
Mortgage Default Insurance There are a lot of things to consider when buying real estate in Hamilton, in particular mortgage options and mortgage insurance. Your real estate broker can recommend a mortgage broker but before you speak with them here is some information on mortgage insurance. Mortgage default insurance is the security for the lender [...]
Canada Leading the Way in Global Economic Recovery: Desjardins
July 13, 2011 by Frank · Leave a Comment
According to a new study released by the Desjardins Economic Studies team some industrialized countries are displaying signs of economic weakness, but the report indicates that this is not necessarily a trend.
