Mortgage Minute Category (51)
5 Year Action Plan - The Mortgage Minute
5 Year Action Plan - The Mortgage Minute
NO Change in rates - Just more Sabre Rattling from the BOC
NO Change in rates - Just more Sabre Rattling from the BOC
April 17, 2012 - The Bank of Canada chose not to raise rates today - which in itself is no surprise - but they continued to use rhetoric that warns Canadians to watch their spending habits or they may 'interevene'. In the meantime, housing prices in Toronto's downtown condo market continue to soar, while Vancouver's cools off - (Watch Studio 4 with Fanny Kiefer this Thursday on Shaw TV where Don Campbell and I will explore this topic in more depth). And lastly - look for no change to your Firstline Mortgage when a new buyer takes them over. There are currently no suitors for CIBC's wholesale mortgage arm, but we'll keep you posted if that changes.
For more information on mortgages, or to ask a mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Banks Offering More Candy - The Mortgage Minute
Banks Offering More Candy - The Mortgage Minute
March 15, 2012 - The Finance Minister would like Canadians to go on a debt reduction diet but banks, led by BMO, keep giving us candy in the form of record low rates on long-term money. There is growing concern in Ottawa about the amount of debt Canadians are taking on, and specifically, the amount of the debt that is being insured by CMHC. It's suggested that a rate increase of only 1.5% could trigger 'significant' defaults for the crown corporation. That means the government is more likely to create another round of changes to the mortgage rules before they try to raise rates. In the meantime, the big mortgage news this week is the pending sale of Firstline Mortgages by CIBC. Stay tuned to see how this one plays out.
For more information on mortgages, or to ask a mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
The Mortgage Minute - Why is the BOC 'Talking Down' the Market?
The Mortgage Minute - Why is the BOC 'Talking Down' the Market?
While Ben Bernanke is trying to 'talk up' the US Market, his Canadian counterpart is doing the opposite. Mark Carney and the Bank of Canada are yet again sending out strong warnings about the need for Canadians to reign in their lines of credit and not get overburdened with 'cheap' debt - in other words - he's 'Talking Down' the market. Why? Because ongoing global issues are making it impossible to raise rates. So the only thing Carney or Flaherty can do is talk down the market or tinker with mortgage rules. The result - Look for more rule changes coming down the pipe - this and more in this week's Mortgage Minute.
For more information on Mortgages, or to ask a Mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
The Mortgage Minute - 'Soft Landing' in the Canadian Housing Market
The Mortgage Minute - 'Soft Landing' in the Canadian Housing Market
For more information on Mortgages, or to ask a Mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
The Mortgage Minute - Ongoing Low Rates means No Bubble
The Mortgage Minute - Ongoing Low Rates means No Bubble
For more information on Mortgages, or to ask a Mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
The Mortgage Minute, Merry Christmas!
What to Look for in the 2012 Real Estate Market
Merry Christmas from Peter Kinch and the Mortgage Team! Have a wonderful holiday and a prosperous New Year!
If you are looking for Mortgage Related information in the New Year, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
The Mortgage Minute - Carney Staying the Course - Time to steer away from VRMs
Carney Staying the Course
For more information on Mortgages, or to ask a Mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Discount on Variables, Steve Jobs, Rule changes and the Smith Manouver
Discount on Variables, Steve Jobs, Rule changes and the Smith Manouver
Recognizing the passing of Steve Jobs and Fraser Smith.
For more information on Mortgages, or to ask a Mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
CONTEST WINNER ANNOUNCED - European Woes, Inflation and Bank Regulation -The Mortgage Minute
CONTEST WINNER ANNOUNCED!
Mortgage Minute Contest Winner Announced!
For more information on Mortgages, or to ask a Mortgage related question, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Bernanke does the Twist, The Mortgage Minute
Bernanke does the Twist, The Mortgage Minute
Mortgage Minute Question Answered! Norma Lafont your question was answered!
For more information on Mortgages, or to submit a question for the Mortgage Minute contest, contact Peter Kinch at 604-939-8326 or email him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Big Banks to Significantly Drop 5 Year Fixed Mortgage Rate
Big Banks to Significantly Drop 5 Year Fixed Mortgage Rate
