If you love stats, you’ll love CAAMP’s (Canadian Associates of Accredited Mortgage Professionals) semi-annual report on the Canadian mortgage market. You can read the full report here (be warned, it’s 40 or so pages long), but here are some interesting stats that I’ve pulled from it. There is currently $994 billion in mortgages on primary… Continue reading The CAAMP Spring 2012 Mortgage Report
Protecting Your Investment
This is a guest post by Caroline Doherty of Century 21 B.J. Roth Realty. Barrie Real Estate is at a prime. We are in what you would call a “Sellers Market.” This means, any of you out there thinking of selling… Carpe diem! (Latin for “seize the day”) Warm weather always creates a buzz… Continue reading Protecting Your Investment
Survey says
Someone asked me an interesting question the other day: what happens if there is a mistake in the survey and I don’t find out until after closing? 20 years ago, when you bought property in Ontario, your lawyer would have done a full certification of title. There would have been a dozen searches and probably… Continue reading Survey says
Should You Consider a 10-Year Mortgage?
There’s been a lot of talk lately about whether or not folks should be taking advantage of the sub-4% 10-year fixed mortgages. With the 5-year fixed mortgages hovering just above the 3% mark, you will pay a little bit more to lock in for 10 years (though the spread between the 5-year and 10-year is… Continue reading Should You Consider a 10-Year Mortgage?
High and low
A client recently asked me, out of curiosity, how high up and down she would own when her first home closed. Essentially, at common law, you own “up to the heavens and down to the centre of the earth”. That being said, in many jurisdictions there are limits that have been placed on the common… Continue reading High and low