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Real estate sector applauds new mortgage rules

 
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The real estate industry is breathing a sigh of relief after seeing the long-awaited set of guidelines for mortgage insurers that many had feared would cause home sales to slow.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Five things to know about Canada's mortgage market right now

 

Here are five things you need to know about the mortgage market as the spring home-buying season gets going:

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

The BMO 2.99% Mortgage: A fine deal in the fine print?

 

Word can spread pretty quickly in the Kitchener Waterloo mortgage Rate War world, and today has not been an exception to this. Case in point: BMO has recently announced an aggressive move to lower its 5 Year rate special to 2.99% in an attempt to move business and gain market share. 2.99% is an excellent rate, and is definitely worth considering – so why don’t we do just that… Let’s take a closer look at the BMO mortgage offering to see how special this special, really is.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Real estate association trims 2014 sales outlook

 
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OTTAWA — Canada's housing market is slowing, but the Canadian Real Estate Association still sees no signs of a strong correction that would disrupt the economy or crash real estate values.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Canadians score record wealth and a slightly easier time juggling debts

 
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Canadians and debt
Canadians are clearly getting the message and curbing their appetite for debt, growing richer at the same time.


Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

CMHC to Increase Mortgage Insurance Premiums

 
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OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Bank of Canada maintains overnight rate target at 1 per cent

 
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Ottawa -

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

CMHC to hike mortgage loan insurance premiums May 1

 
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Canada Mortgage and Housing Corp. is raising its mortgage loan insurance premiums effective May 1, the Crown corporation announced Friday.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Mortgage insurer CMHC primes market for announcement

 
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Canada Mortgage and Housing Corp., the Crown corporation that Finance Minister Jim Flaherty has been seeking to rein in, says it will be making an announcement later this week.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365

Canadian snowbirds’ dream of U.S. vacation home fading fast

 
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The hundreds of thousands of Canadian snowbirds who flock to the United States are being hit by a falling loonie that should see their purchasing of U.S. winter homes start to slow, says a new report.

Richard Kitts, AMP
President/Mortgage Broker
Tristar Funding Corporation o/a The Mortgage Centre
rkitts@mortgagecentrekw.com
519-743-4365
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