The 10-year term in Canada is pretty rare these days (less than 1% of mortgages in Canada have a term 10 years or longer), but a 10-year term below 4% is unheard-of. Or, at least it was until last week. Gone are variable rates with “prime-0.9%” discounts (now they’re hovering right around prime which is… Continue reading 10-Year Mortgage Below 4%
Pushing your boundaries
Last week, I posted about the two types of property registration systems in Ontario. One element of the Land Titles system is that it generally cancels out any possibility of adverse possession, or squatters’ rights, so this week I’m going to delve a little further into what exactly adverse possession is. If you live in… Continue reading Pushing your boundaries
Student Housing in Barrie
There is definitely a stigma attached to student housing. Some investors shy away from that market due to the high turnover rate and the idea that students will damage the property. There’s a new reality, and investors should take note. In Barrie, there has been a lot of discussion surrounding the rentals around Georgian College.… Continue reading Student Housing in Barrie
Consumer and Industry Perceptions
As part of its commitment to understanding perceptions about the Canadian mortgage industry, CAAMP (Canadian Association of Accredited Mortgage Professionals) surveyed both consumers and industry members this past fall. I thought it might be interesting to look at some of the results of that survey (my comments in italics). Canadians have approximately 68% equity in… Continue reading Consumer and Industry Perceptions
Land Titles vs. Land Registry
Ontario has two types of property registration: Land Titles and Land Registry. Parts of the province, particularly in the north, have always been in the Land Titles system, while the majority of the rest of Ontario has been in the Land Registry System. The Land Registry system in Ontario dates back to the late 1700s,… Continue reading Land Titles vs. Land Registry