Ford – Toronto moving ahead with plans to ditch land transfer tax

Toronto’s mayor recently confirmed that he will continue to move forward with one of his election campaign promises to lower and eventually eliminate Toronto’s land transfer tax.

Mortgage Financing Document Checklist

When purchasing a new home, refinancing or transferring an existing mortgage, knowing what documents and information may be requested by a lender can speed up the financing process and help you avoid any last minute surprises.  Here is a checklist to help you prepare...

Mortgage Default Insurance – Home Buyers Series Part 1 of 4

Back in the mid 1950’s, if you did not have 20% of the homes purchase price to put toward a down payment you would not qualify for a mortgage as lenders would only finance up to 80% of the home’s value.   

Still known today as conventional mortgage financing – requiring a 20% down payment put home ownership out of reach for many Canadians as escalating home prices made it more and more difficult to save enough for the down payment.  

The real estate and mortgage lending landscape changed dramatically in 1954 when the Canadian Government introduced mortgage default insurance. 

Realtor's Exposed!

I hope you’re not reading this article because you were looking for some dirt on Realtors?

To the contrary, this article touches on the benefits that Realtors or Sales Representatives provide to their clients throughout the complex and sometimes frustrating and confusing home buying / home selling process.

House Prices To Hold in 2012 - CMHC

The Canada Mortgage and Housing Corp. believes mortgage rates will likely remain at historically low levels at least until the last half of 2012, resulting in a balanced housing market and keeping average home prices to remain fairly flat throughout the year. 


Here is the link to the Globe and mail article:
http://www.theglobeandmail.com/report-on-business/economy/housing/house-prices-to-hold-next-year-cmhc/article2225301/


Domenic Mirabelli
Mortgage Intelligence
416.303.4480
domenic.mirabelli@migroup.ca


"Helping you find a mortgage...and peace of mind" 

Re/Max Report: Canadian Home Values Have Doubled Since 2000

Now this is what we would call a big deal! According to Re/Max, the Canadian real estate organization, the average home value has doubled in most big Canadian cities since 2000.

Re/Max examined the value of homes in 16 major markets across the country and calculated the changes that happened from 2000 to 2010.

Bank of Canada Outlines Mortgage Rate Discrimination

If you don’t think banks discriminate when deciding who gets the best mortgage rates... you may want to check out this report released by the Bank of Canada.