MEET THE MORTGAGE FREEDOM FIGHTERS
REFERRAL APPRECIATION PROGRAM
You need to take a hard look at your finances this weekend to determine whether you should be making your RRSP contribution before Monday’s midnight deadline.
Purchasing a home can be a very exciting and stressful time. Buyers, particularly first time buyers, need to be aware that there are a host of costs associated with buying a home above and beyond than the actual purchase price. It helps to know what those costs are in advance rather than get an unexpected surprise when closing that can add to an already stressful experience.
TORONTO, ONTARIO--(Marketwired - Feb. 9, 2015) - Housing starts in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) were trending at 5,342 units in January compared to 5,474 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
The collapse in the world price of crude oil will put $1,000 in the average Canadian consumer’s pocket this year thanks to lower gasoline prices at the pumps, a new report notes.
Richard's comments: Hopefully BoC has enough influence over the Big Banks that we see a reduction in Prime. A drop in prime will help maintain, and possibly increase the value of homes in the Waterloo Region. If this happens, keep your payments the same to ensure you are paying off your mortgage quickly and staying ahead of the game. This will protect you if rates start to edge up and increase your equity in your home.
The Bank of Canada announced a surprise quarter-percentage-point cut to its key interest rate Wednesday – a move it calls “insurance” against the potentially destructive effects of the oil price collapse.
Cracks are emerging in Calgary’s once red-hot market for commercial and residential real estate, adding to fears that rapidly sinking oil prices will trigger a broad slowdown beyond the energy sector.
The Bank of Canada is acknowledging for the first time that the world may be facing a prolonged oil-price slump, casting a dark shadow over the country’s economic prospects.
TORONTO - A new poll suggests that paying down debt is the biggest financial priority for Canadians in 2015.
TORONTO — A sustained period of low interest rates has allowed Canadians to rack up record levels of debt which, along with tumbling oil prices, pose a threat to the country's financial stability, economists say.
Mortgage brokerage, refinancing services and financial advice for the self-employed, seniors, first time home owners, and investors in South Western Ontario, including Waterloo, Kitchener, Guelph, Ayr, Elmira, Fergus, Elora, Milton, Elora, Moffat, Cambridge, Breslau, Georgetown and Acton. Contact The Mortgage Centre in Kitchener Ontario at 519-743-4365.
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