Yesterday, the federal government published a ‘Mortgage Prepayment Code‘ which basically guides all (federally regulated) lenders how they communicate the IRD (Interest Rate Differential) to borrowers. Yay! This has been a long time coming. For years, banks and lenders have been obscuring penalty descriptions with vague, complicated formulas for calculating prepayment charges. A link to… Continue reading Government Releases a ‘Mortgage Prepayment Code’
Barrie 5th Fastest Growing CMA in Ontario
Courtesy of Invest Barrie Newsletter Statistics Canada: Barrie 5th Fastest Growing CMA in Ontario On Wednesday February 8th, Statistics Canada released their latest numbers for population and dwelling counts from the 2011 census. Canada as a whole has a higher growth rate than any other G8 country with a current population of 33.5 million. Ontario… Continue reading Barrie 5th Fastest Growing CMA in Ontario
When did you last look at your deed?
Not long ago, many people in the Squamish area of British Columbia discovered that they do not in fact own the properties they have called home for years, and in some cases decades. This was essentially because of surveying errors by the provincial government related to First Nations treaties dating back over 100 years. The… Continue reading When did you last look at your deed?
NHL Trade Deadline Day
I have to admit – I’m a huge hockey fan, and every year I take “NHL Trade Deadline Day” off to lounge around and watch sports TV all day. I’m self-employed (I work under a brokerage – Real Mortgage Associates – but not for them), and one of my favourite benefits of being my own… Continue reading NHL Trade Deadline Day
Family Day
People are rarely thinking about real estate and finances on holidays, so we usually take the day off here on BarrieRealEstateTalk.ca as well. Family Day has been around in Ontario since 2008, and it’s basically a holiday that was placed in the middle of February to give us a break between the Christmas/New Years holidays, and Easter.… Continue reading Family Day