Agent Will

Interesting article in today’s National Post on how the CMHC is not like Fannie Mae and Freedie Mac.  In a nutshell it shows the more conservative side of CMHC while balancing fears by some that the mortgage insurance business is no business of the government (ie your taxpayer dollars) and would be better handled by […]

So the 40 year 0 down mortgage is dead.  So long.  Bye Bye.  We hardly knew ye.  Whatever.  Really.  What is the concern over this financing product disappearing that it has to appear on the front page of the Vancouver Sun?  It’s a little used product (in my experience) that would have enabled the least […]

As expected by many the Bank of Canada has cut its rate by 0.5% to 3%.  What does this mean for housing?
Well, if you are currently on a variable rate, congratulations!   Your monthly payment will be lower if your bank follows suit (expected sometime soon as they generally do follow the BOC’s lead relatively […]

TD CanadaTrust has been advertising pretty heavily on the radio (I’m in my car a lot) about their “great” new product - the 7% cash back mortgage. They make it sound so tempting. The pitch: Get a mortgage with TDCT and get 7% cash back up to $50,000 which you could […]

Well this is bigger than I thought they would go.  Then again we are a big country with some pretty big needs in the East (the manufacturing centre of Canada).  The BOC has cut rates by half a point.  A further cut is possible in April and another in June, though, with this big an […]