In: Mortgage News
2 Jun 2011Welcome to the Spring/Summer of 2011, where multiple offers on homes are the norm, 105% and higher above asking price is not uncommon, and mortgage rate fluctuations of 0.35% can happen overnight. In my 11 years in this industry I have not seen this particular set of circumstances all occurring at once and to the [...]
In: Real Estate News
10 Aug 2007The Canadian Press recently published an interesting article called ‘Float or Fix’ – a look at the decision homebuyers face in choosing a fixed or variable mortgage rate. With the recent interest rate hike by the Bank of Canada, and several more called for in the coming two years, the question becomes ever more pertinent. [...]
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.