Frank’s Blog
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.
Hamilton Named Top City in Ontario to Invest
May 24, 2011 by Frank · Leave a Comment
Hamilton has become the “top place to invest in Ontario”, according to a release from Calgary based Real Estate Investment Network of Canada. In addition to this honour, REIN also named Hamilton the #3 place in all of Canada to invest.
The Canadian resale housing market holds steady in March
April 18, 2011 by Frank · Leave a Comment
Existing home sales in unit terms were essentially unchanged in March, up only 0.1% in seasonally adjusted terms versus February. It seems that purchasers looking to buy ahead of the March 18th change to mortgage rules did so earlier in the year, raising first quarter home sales 4.5% higher than Q4.
TD Economics
February 21, 2011 by Frank · Leave a Comment
Data Release: Canadian resale housing market picks up steam in 2011
NEW MORTGAGE RULES
January 18, 2011 by Frank · Leave a Comment
NEW MORTGAGE RULES Flaherty has unveiled three new rules: (1) Mortgage amortization periods will be reduced to 30 years from 35 years. (2) The maximum amount that Canadians can borrow to refinance their mortgages will be lowered to 85 per cent from 90 per cent. (3) The government will withdraw its insurance backing on lines [...]
Canadian housing starts frost into the fourth quarter
November 13, 2010 by Frank · Leave a Comment
Canadian home building activity showed signs of weakness for a third consecutive month in October. Homebuilders broke ground on nearly 168,000 units, down a significant 9.2% from the 185,000 units in September.
MORE NEW HOMES IN HAMILTON
November 13, 2010 by · Leave a Comment
TORONTO, November 8, 2010 – Preliminary data released today by CMHC show there were 239 starts in the Hamilton Census Metropolitan Area (CMA) in September, the majority of which were for single-detached homes and townhouses in the City of Hamilton. In the neighbouring cities of Grimsby and Burlington, there were only a handful of single-detached starts while townhouse starts had a stronger showing.
Canadian housing starts frost into the fourth quarter
November 13, 2010 by · Leave a Comment
Canadian home building activity showed signs of weakness for a third consecutive month in October. Homebuilders broke ground on nearly 168,000 units, down a significant 9.2% from the 185,000 units in September.
H.S.T and what it means to you
June 22, 2010 by Frank · Leave a Comment
Well the H.S.T. is here and in a nut shell this means that everything that G.S.T was applicable to prior to July 1st is now also subject to an additional 8% P.S.T and rolled into the new H.S.T. Ontario has introduced a federally administered Harmonized Sales Tax (HST) that has applied to most purchases and [...]
