| Recent Blog Posts by Jeff Gingerich | ||
How do CMHC changes affect Kitchener Waterloo First Time Buyers?
Buying your first home in Kitchener Waterloo can be confusing enough. Recently, the federal government made 3 changes to mortgage policy through the Canada Mortgage and Housing Corporation(CMHC) that created further confusion. While I read a great deal about the changes, the analysis of the impact of the changes was sorely lacking. So if I'm a first time buyer in ...
Posted by Jeff Gingerich
on January 22, 2011
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Kitchener-Waterloo Power of Sale Update March 2010
Power of sale activity continued to trend upward on the Kitchener-Waterloo Real Estate Board in March with 12 sales versus 11 last month. Of note, 10 were in Kitchener and 2 in Waterloo. The scarcity of properties for sale resulted in a brisk 24 days on the market for these sales and a list price to sale price of 98% on average. The lenders at CIBC and TD are ...
Posted by Jeff Gingerich
on April 18, 2010
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March Madness
To me, urgency is part of the the appeal of the NCAA basketball tournament known as March Madness. It's win or go home. It appears buyers adopted this attitude in March as MLS sales activity in Kitchener-Waterloo saw year-over-year increases of 9% in average price and 38% in unit sales. March unit sales in K-W totalled 546 besting the 507 sales in March ...
Posted by Jeff Gingerich
on April 6, 2010
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Canada Mortgage and Housing Corporation Policy Changes
Federal Finance Minister Jim Flaherty announced the following changes to insured mortgages effective April 19, 2010:
1. Properties that are not owner-occupied now require a 20% downpayment.
2. Owners wanting to refinance their existing insured mortgage will be limited to 90% loan-to-value versus the current 95%.
3. Borrowers wanting a variable rate mortgage will now ...
Posted by Jeff Gingerich
on February 16, 2010
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