Blog by Ravi Singh

Why Home Buyers Might Try a Mortgage Broker

August 31st, 2011
Why Home Buyers Might Try a Mortgage Broker
By Krystal Lee
www.moneyvill.ca

A home is most likely going to be the most expensive purchase of your life, yet according to a recent 2011 Canadian Mortgage and Housing Corporation survey, only 48 per cent of first-time home buyers choose to use a mortgage broker to help them navigate through the financial aspect of the home buying process. 

A mortgage ...

How to Cope with Rising Mortgage Rates

August 25th, 2011
How to Cope with Rising Mortgage Rates
By Madhavi Acharya-Tom Yew
www.moneyville.ca

Royal Bank of Canada and Bank of Montreal raised the interest rates on their five-year closed variable mortgages, effective Wednesday.

RBC increased the special offer rate on its five-year variable mortgage to 2.55 per cent from 2.35 per cent, a change that adds $2,280 in interest costs over a five-year term, o ...

Start Your Winter Preperation Now

August 23rd, 2011

Start Your Winter Preperation Now
By Carole Feldman
www.yourhome.ca

The hot, hazy days of summer are a perfect time to start preparing for winter.

Many must-do projects, such as caulking, cleaning gutters, adding insulation or preparing emergency kits, will make your home more energy-efficient, help prevent weather damage and make things easier should the power go out.

“It is never too early t ...

Eager Buyers Keep Housing Market Hot

August 17th, 2011
Eager Buyers Keep Housing Market Hot
By Susan Pigg
www.moneyville.ca

Financial consultant Jose Jimenez has been on his own gut-wrenching roller coaster ride the last few weeks — and not because of the stock market fluctuations he monitors daily.

Jimenez, 35, has been trying to buy his first home.

“In a way, I’ve been rooting for the markets to tank a bit and hoping that might encourage other ...

How Long Can Home Prices Keep Rising?

August 15th, 2011
How Long Can Home Prices Keep Rising?
By: Moshe Milevsky
www.moneyville.ca

This is news only for the handful of Canadians who are not watching the real estate market closely. The average house price in Canada reached an all-time high of $371,000 this spring. In Toronto, the average hit $456,000 and in Vancouver it was $786,000, according to the Teranet - National Bank House Price Index.

Alth ...

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