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FYI. Hope this help people who are affected by flooding. :) :)

http://td.mediaroom.com/2013-06-23-TD-supports-customers-affected-by-massive-flooding-in-Alberta-with-assistance-program
TD...

Driven by Fed's optimistic economic comments, 5 years Canadian bond yield up 20 bps on Thursday, we should see another round of rate increase of big banks. Discounted rates like 2.99% 5 years might...

Congrat to your new home
Manhattan! Include myself on your "shopping list", I might be able to give you a competitive 6 months rate hold on your new home which you can compare it with other banks....

If you claim decent income on your NOA, you should be fine even if you are on a contract/temporary/term position.

I think it depends on how difficult for a home buyer to save up this 20%,

1)If it takes you less than a year or 6 months to save from 10% to 20%, then it probably makes sense for you to rent and...

Both of my current units are furnished, and I find out it attracts more renters now than they are unfurnished but many of them are short term though. My feelings are it doesn't hurt me much by...

Take 30-39% off all the above return. GICs investment return are fully taxed on your marginal tax rates, my 1.5% return is cut to 61%, so roughly around 1% after CRA take their CUT. :banghead:

I am KEEPING the same rent on my 2 condo rentals. $3500 and find out smiliar suites are pricing the same but my locations are better(Eau Claire). Did not see too much vacancy on my tower, so I am...

Fixed rates now are comparatively, if NOT absolutely, better than variable rates now, considering Fixed rates are not historically low and the uncertainty over "PRIME" in the next 5 years.

This might be a CASH deal as it's almost impossible to get a multi millions purchase APPROVED in one day!

It's my pleasure to help. Thanks for the credit. :D

The fine print is for the 1st year only.

5 years fixed offered by banks are at another historic low level, as 5 years bond yield are still low enough where banks are able to get low cost funding! Lock your rates with your bankers if you are...

On Tuesday, BOC to maintain overnight rate target at 1 per cent(Bank Prime Rate now 3%)

Overall market predictions are rate will stay at historic low level for another 9-12 months.

BOC...

Most banks use Equifax as 1st option. If you tell them you are in the middle of applying a loan it should help getting it done faster.

Not close to the best rates that I have seen.:)

Moody's and Fitch will be next!

For fueling the crisis by giving AAA ratings to trillions of dollars insecurities backed by subprime mortgages, these rating agencies got a big bill coming due.

Anytime Stevo. I am more than happy to be of help. :)

Thanks for the question mazdavirgin. Do you mean a CLOSED variable mortgage converting to a fixed? Most banks, certainly including TD, allow you to convert your VIRM(variable interest rate mortgage)...

:thumbsup: :thumbsup: :thumbsup:

As Stevo mentions he will put 20%, it can be qualified under 30 years amortization and TDSR can go up to 42% if credit is decent.

Hi Stevo,
Thanks for your question. Based on the info your provided, I don’t think it would be too much of an issue to qualify you for a $400K MTG(80% on a $500K house) assuming your have decent...

Re/MAX survey explains how first home buyers are affected by "new mortgage rules"
...

One of the consequencies: For the banks who get downgraded, it is now slightly harder to sell their bonds and they have to pay higher premium to investors.


Banks sell (mortgage) bonds on the...

rentfaster and kijiji 2 are ones of the most popular rental websites. Rental Market is red hot as Calgary vacancy is close to 1% which is one of the lowest in Canada.

"But that average hid a huge...

10% return seems pretty high to me. There are funds/stocks you can certainly achieve 10% a year in the past, especailly if you bought at the low, but that's totally not guaranteed. However, I have...

You can find much more useful info and disclosed info for US stocks which is one big reason that I like US $tock!:)

I have some clients bought properties in US but most of them took equities out from their canada properties. Since rates are higher and more importantly you need a huge (35%-50%) down payment where...

5 years bond yield all the way up since new year and is getting close to 1.5% where FIs might start to raising 5 years rate. Home purchasers might want to keep an eye on MTG rate.

Wow, this really put Luna on the spot as they still got many units to sell also with the other project Calla.

I am in, even usually pretty tied up from 7:30AM- 2:00PM when the market closes, but play just for fun.:) :)

My builder did not offer free lawyer services when I built my first home @ 2008 but I seldom see a problem for those clients who used builder lawyer.

Mine is down 20k in sherwood. My 2 downtown condos are almost based on purchase price since it's new when i bought them.

But tax assessment is only based on pricing comparisions on around last...

rentfaster.ca would be a good source for you.

I do have a rentfaster blank rental agreement. Used it for 2 rentals this year.PM e if you need it.

Simply speaking, couple advantages of collateral charges are:"a Collateral Charge can be useful if you ever want to change your loan. For
example, if you wanted to switch from a mortgage loan to
a...

and HAPPY NEW YEAR :)

2-4 Years Bond Yields are still at historical low range, so low MTG rates will be last for a while

:) :) :)

these communities are always popular.

Usually banks can finance 50% on residential land, so 50% cash can be saved for the draw

I think so too