Tips and Trick for Toronto first time Home Buyers With interesting stories and helpful tips from the trenches.
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Entries from November 2009

Rate update and news

November 26th, 2009 · No Comments

Variable rate special as low as prime minus .25% or 2%.  Five year fixed rates holding around 4% with specials just under.
 
TORONTO - The cost of homeownership in Canada became more expensive in the third quarter, according to a report by RBC Economics Research.
The bank says this hasn’t happened since the spring of 2008 [...]

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Tags: General

Rate Update & News

November 16th, 2009 · No Comments

Variable Rate Special with one lender at prime minus .25% or 2%!   30 day quick close special.   Fixed rates also down a smidge, as low as 3.94% if closing by end of year. 
 
“The real risk is deflation, not inflation”  Q&A with Peter Gibson
                                   ·           TSX +46.92 (Reuters)  
                                   ·           DOW -73.00
                                   ·           Dollar -.50c to 95.19cUS [...]

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Tags: General

Rate Update and News

November 10th, 2009 · No Comments

Five year fixed rate now at 4.05% and adjustable rate mortgage as low as prime minus .10% or 2.15%.  Bank of Canada still suggesting no change in prime rate til mid 2010 and TD Experts suggesting economy not growing as strong as initially forecast.   Thich could keep rates from jumping down the road.
Fixed payment variable rate [...]

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Tags: General

Rate update and news

November 3rd, 2009 · No Comments

Variable still a low 2.15%.  Five year fixed rate up a little to 4.09%. 
 
CMHC forecasts continued new housing rebound
 
The Canadian Press
 
OTTAWA — The national housing agency is reporting that housing starts have started to recover and it expects the recovery to continue.
 
Canada Mortgage and Housing Corp. predicts starts will reach 141,900 this year [...]

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Tags: General