Mortgage Information

TORONTO, Ontario, June 22, 2010 — A new gateway to financial literacy for Canadians has been opened thanks to a joint agreement between the CAAMP Foundation, the charitable arm of Canada’s national mortgage industry association and Credit Canada, a prominent player in credit education.  Financial literacy is an emerging issue in Canada and this joint agreement will empower the …

See the original post:
Financial Literacy Project for Canadian Homebuyers Launched - June 2010

MONCTON, New Brunswick, June 07, 2010 — PropertyGuys.com, a leading national real estate marketing franchise, has today announced that it will be expanding its unique home marketing services to more Canadian markets. “The most exciting thing about this expansion is that it’s a reflection of how buyers and sellers are embracing our program in our current markets,” says Ken LeBlanc, company …

See original here:
PropertyGuys.com announces expansion plans for key Canadian markets

TORONTO, Ontario, May 25, 2010 — Homeownership costs in Canada rose for the third straight quarter across all housing segments, as a strong real estate market and increased prices made it more expensive to own a home, according to the latest housing report released today by RBC Economics Research.
“Although home ownership became more costly in the first quarter of 2010, affordability …

View original post here:
Canada’s housing affordability worsens as home prices continue to rise: RBC Economics

OTTAWA, Ontario, May 19, 2010 — Housing starts rebounded in the second half of 2009 and early 2010 and will stabilize over the next two years, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook, Canada Edition .*
Following a total of 149,081 units in 2009, housing starts are expected to be in the range of 166,900 to …

Excerpt from:
Housing Activity to Stabilize in 2010 and 2011

OTTAWA, Ontario, May 17, 2010 — Home sales activity in Canada came up short of the record for the month of April and new listings continued to climb, according to statistics released by The Canadian Real Estate Association (CREA).
Residential sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards numbered 52,042 units in April 2010. This …

Credit:

TORONTO, Ontario, May 17, 2010 — The popularity of combination mortgages - which offer both fixed and floating rate segments - is on the rise, according to RBC’s 17th Annual Homeowners Survey. In fact, 40 per cent of Canadians who are likely to purchase a home within the next two years plan to take out a combination mortgage, compared to 32 per cent in 2009.
The surging popularity of …

Fixed or float? Combination mortgages increasing in popularity: RBC poll

TORONTO, Ontario, May 11, 2010 — REALTORS® polled in a recent cross-Canada survey indicated that the country’s real estate market is both highly competitive and provides the necessary safeguards to protect consumers. Eighty-six per cent of real estate professionals said they worry that severe deregulation in the real estate industry would erode standards of customer service for …

Read more:

TORONTO, Ontario, May 10, 2010 — • There are approximately 9.3 million homeowners in Canada, including about 5.55 million with mortgages.
• Almost 80 per cent of young borrowers have opted for a fixed rate mortgage or a mortgage that combines fixed and variable rates.
• A small number of mortgage consumers (17 per cent) have amortization periods of …

Here is the original post:
Significant Statistics: Prudence Paying Off For Canadian Mortgage Borrowers - Spring 2010

TORONTO, Ontario, May 10, 2010 — Canadians appear well prepared to face the new phase of the residential mortgage market, where interest rates are rising and house activity is easing off, according to the sixth bi-annual review of the Canadian mortgage market by the Canadian Association of Accredited Mortgage Professionals (CAAMP), released today.
Highlights:
• Consumer …

Read more here:
Prudence Paying Off For Canadian Mortgage Borrowers - Spring 2010

TORONTO, Ontario, May 07, 2010 — BMO Bank of Montreal announced today it is changing its residential mortgage rates, effective May 8, 2010.
“BMO is committed to helping Canadians become mortgage-free sooner and we continue to offer the lowest rate in the market,” said Jane Yuen, Senior Manager of Mortgages, Bank of Montreal “Now is a great time to come in to get …

See the original post:
BMO Bank of Montreal Lowers Mortgage Rates