Tag Archives: Mortgage

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I was recently in an offer negotiation where the buyer who was looking to secure a mortgage on their new purchase wasn’t able to do so within the time period specified in their purchase and sale agreement.  The buyer agent contacted me promptly to let me know that they won’t be able to secure the funds within the time period …

I recently met up with Aamir Jamil who is the broker of record for Mortgage Alliance and picked his brain to answer questions that I get from our views. Youtube Link Information reviewed was: Mortgage Approval Criteria Used TDS and TDS Income calculations CMHC Criteria Recent changes from CMHC If you have any specific question about mortgages or would like …

October 28, 2008 — More than 1,100 Greater Toronto REALTORS® gathered to hear Canada’s top experts talk about the future of the housing market at the Toronto Real Estate Board’s 88th Annual General Meeting October 27th. The following panelists covered a range of topics on the future of real estate: Don Lawby, President and Chief Operating OfficerCentury 21 Canada Limited …

SOURCE TORONTO (AP) — Canada’s central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there. The cut to 2.25 percent Tuesday follows an unscheduled half-point reduction Oct. 8 in co-operation with other major central banks …

I get the question alot, “When’s a good time to buy real estate?” and frankly, my answer always is whenever you’re ready! This answer is usually met with a smirk which reads more like, “I was expecting you to say that since you make a living through purchase and sale!” There is no way anyone can predict when the market …

LORI MCLEOD Globe and Mail Update September 30, 2008 at 1:00 PM EDT If the United States falls into a deep and prolonged recession it will drag the Canadian housing market lower and push back its recovery, says Benjamin Tal, senior economist at CIBC World Markets Inc. Each day that probability seems to be drawing closer, and it’s causing understandable …

We’ve been working on a new website for the past couple of months and we’re happy to report that the new website is now ready and is being launched to the world wide inter web. Following is a comparison between the two websites visually. Old website New website There are some very noticable features that I’d like to point out …

If you’re a seller and the buyer hasn’t been able to fulfill a condition on their purchase and sale agreement, do you agree to give them an extension if they ask? This is a very tough question to ask and needs to be answered with some consideration. Following are some points that I’d like you to consider when answering these …

I had a couple of my clients asking about the recent advertising on the radio and in the news papers with the tag line, “Is your mortgage tax deductible?” and wanted to know if it’s something that they can use. I had heard about the Smith Maneuver for the first time back in 1999 and did some research on it …