604homesblog

This morning my broker emailed me an article from a Scotia Bank newsletter. The title of the article is "Canada's Mortgage Market is NOT like the U.S." and I found it very interesting to see the fundamental differences in our Canadian mortgage market vs. the U.S. They authors break down the differences into four categories which ...

Last time the Bank of Canada (BOC) was expected to drop the overnight interest rate they did not. This time they were expected to leave it where it was at, and they did. Siting Three major developments are affecting the Canadian economy: the protracted weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp ...

I was pretty busy last week and didn't get the posts out about the big news that the 40 year mortgages and 0% down option will be eliminated on October 15th, 2008. I don't have too much to add to the discou rse on this. I have not worked with many buyers using either of these options. I am sure it will keep some  buyers out of the ...