| Recent Blog Posts by Sara Kareer | ||
Variable Rate vs. Fixed Rate Mortgages - Which is Better?
After finding the home of your dreams, the next decision you are likely to face is deciding what mortgage is better -- variable or fixed?
There was a recent article in The Star that addressed this very important decision -- click here to read the article.
If you have any questions, please feel free to contact me ... I have a team of Mortgage professionals ...
Posted by Sara Kareer
on May 11, 2011
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Finance Minister Jim Flaherty unveils New Mortgage Rules
Finance Minister Jim Flaherty unveiled three new changes this morning to mortgage lending rules:
* Mortgage amortization periods will be reduced to 30 years from 35 years on insured mortgage loans
* The maximum amount Canadians can borrow to refinance their owner occupied property will be lowered to 85 percent from 90 percent.
* The government will withdraw its insurance backing on lines ...
Posted by Sara Kareer
on January 17, 2011
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Interest Rate Concerns Not Stopping Buyers from Entering Housing MarketTwo surveys commissioned by the Bank of Montreal, BMO Financial Group and Royal Bank of Canada (RBC) show that despite being worried about rising prices and interest rates, many Canadians are planning on entering the housing market.
According to the BMO survey conducted by Harris-Decima, rising housing prices have encouraged first-time homebuyers to buy homes sooner, with one-third ...
Posted by Sara Kareer
on April 13, 2010
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Research Shows Canadian Mortgage Market can Manage Risks New research data collected by the Canadian Association of Accredited Mortgage Professionals (CAAMP) suggests that Canadian mortgage lenders and borrowers, including first time homebuyers, are being extremely prudent with their borrowing and lending.
Key findings of CAAMP’s research include:
• Eighty-six per cent of homebuyers chose fixed rate mortgages. This share fell late ...
Posted by Sara Kareer
on February 23, 2010
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New Mortgage Rules announced to support the Long-Term Stability of Canada's Housing MarketThe new mortgage changes, announced yesterday by Finance Minister Jim Flaherty, will take effect on April 19, 2010. These new changes are designed to support the long-term stability of Canada's housing market and continue to encourage home ownership for Canadians.
Here is a recap of the announcement:
1: Higher Qualification Rate: Given the fact that interest rates are at all time lows, it has been ...
Posted by Sara Kareer
on February 17, 2010
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Analysts expect a hot Spring Real Estate MarketEven before Finance Minister Jim Flaherty's announcement yesterday, Economists were forecasting a very hot Spring real estate market as home buyers had been expected to rush to beat the harmonized sales tax in Ontario and British Columbia.
Now, homebuyers have one more reason to buy now. Mr. Flaherty’s new qualifying standards that come into effect April 19, 2010 are expected to further ...
Posted by Sara Kareer
on February 17, 2010
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Interest Rates are about to start rocketing higher: Article in The Globe and Mail Here is an article that appeared today, January 5, 2010, in The Globe and Mail.
Fasten your seatbelts, home buyers
REUTERS
Interest rates are about to start rocketing higher. Savers, get ready
You now have roughly six to nine months to get a personal plan together for dealing with higher interest rates.
After that, the ride begins. Where it ends depends on how smartly the economy ...
Posted by Sara Kareer
on January 5, 2010
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