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Poloz reiterates bright outlook as Bank of Canada holds key rate

 
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Bank of Canada Governor Stephen Poloz says there’s a brighter future ahead if people can look beyond an economy that’s teetering on the brink of outright contraction.

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

Fixed vs Variable poll by CIBC

 
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The Mortgage Centre Kitchener Waterloo is offering a 5 year full featured 120 day pre-approved rate at 2.69% with guaranteed lowest rate when you purchase.  

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

CMHC increasing mortgage insurance premiums for small down payments

 
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OTTAWA -- Canada Mortgage and Housing Corp. is raising mortgage insurance premiums for homebuyers with less than a 10 per cent down payment by about 15 per cent, effective June 1.

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

Bank of Canada’s Stephen Poloz defends Bank’s credibility after rate cut shocker

 
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OTTAWA — It has been a ground-shifting few months for the Bank of Canada.

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

My Idiot Neighbour Got His Mortgage From The Bank

 

As funny as this video is, it does drive the point that the Banks are not your friends and the Mortgages offered are tailored for the Banks and not the consumer.

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

Waterloo housing: the dream … and the surprising reality

 
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Despite a growing population, planners say home ownership patterns are shifting and the region doesn’t need much more suburban single-family housing.

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

Spring comes early to hot housing markets in Toronto, Vancouver, realtors say

 
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TORONTO — Rock-bottom interest rates, a scarcity of supply and growing demand from millennials and wealthy immigrants have fuelled a strong start to the spring real estate season in Toronto and Vancouver.

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

What happens to my RRSP when I retire?

 
04.03.2015 resized 600

You can leave your investments inside your RRSP until you’re 71, regardless of whether you’re working or not. But at age 71, you have to wind up your RRSP and start taking the money out. If you took all the money out at once and claimed it as income, you’d get a massive tax bill that year, so most people transfer their assets into a Registered Retirement Income Fund, or RRIF, so they can convert them into a regular monthly retirement income.

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

Bank of Canada says low rates will ‘mitigate’ shock of battered oil prices

 
06.03.15 resized 600

OTTAWA — If Stephen Poloz got his messaging right, the Bank of Canada is putting further interest rate cuts solidly on the sidelines.

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

That mortgage on your back? Relax. Here’s why

 
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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.

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