16 Feb

New Mortgage Regulations may be affecting home sales.

General

Posted by: Anne Martin

The Canadian Real Estate Association released its January national statistics which shows that sales are down by 1.3% month over month.  This would be the second lowest monthly result since the fall of 2015. Activity was down about 50% in all local markets led by the big 3 – Vancouver, Toronto and Montreal. But interestingly, […]

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10 Feb

Get in Front of a Bad Situation

General

Posted by: Anne Martin

As a mortgage agent with Neighbourhood Dominion Lending Centres in Barrie, I often see people who for whatever reason have gotten behind in their debts.  Sometimes someone has been sick, a car accident left them unable to work for some time, lost job, or even money management issues.   The important first thing to do […]

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3 Feb

US Jobs Strong, But Not Wages–Trade Restrictions a Real Danger

General

Posted by: Anne Martin

Job growth in the US in January was better than expected, although the unemployment rate rose a little to 4.8%.  Still well beneath the Canadian unemployment rate of 6.9%.  They seem to be experiencing the same part time employment issues that we are in Canada, meaning there was a rise in part time work over […]

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3 Feb

10 FIRST TIME HOMEBUYER MISTAKES

General

Posted by: Anne Martin

It is common and normal to make a mistake whenever you do something for the first time.  Purchasing a home is one of the biggest decision and expense you will ever take on.  All steps must be taken with care and thought. Follow this link to 10 First Time Homebuyer Mistakes. http://ndlc.ca/ndlc-blog/10-first-time-homebuyer-mistakes    

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17 Jan

Positive news for national home sales.

General

Posted by: Anne Martin

  The Canadian Real Estate Association released December 2016 statistics which showed a rise in home sales of 2.2% month over month.  This increase eliminated half of the decline in November which was the largest decline in more than four years.  This was probably in response to the tightening of mortgage rules.  The real estate […]

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13 Jan

The spring market is coming. Time to get that mortgage preapproval.

General

Posted by: Anne Martin

I know its still cold and snowy out there, at least it is in Barrie where I am, but it’s good time to consider getting a mortgage pre-approval if you are considering purchasing a home in the near future. As you probably already know, the federal government made some substantial rule changes in October and […]

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6 Jan

Unexpected Job Surge & Trade Surplus in Canada

General

Posted by: Anne Martin

    In December Canada showed an unexpected gain in full time jobs (.3% or 53,700 jobs) for the first time in a while.  Full time job growth actually outpaced part time! Full time jobs in December rose 81,300 over November, the biggest gain since March 2012.  On the whole employment in Canada grew 1.2% […]

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3 Jan

How important is your credit score.

General

Posted by: Anne Martin

Many people don’t understand how important their credit score really is.  The difference between paying all your bills on time and a few recent late payments can shift your credit worthiness and possibly disqualify you for the mortgage you want.  Subsequently, the home you would like to buy or the refinance of your existing home. […]

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15 Dec

Housing activity down nationally for November.

General

Posted by: Anne Martin

Home Sales Cool in November, While Prices Still Rise as per the Canadian Real Estate Association.   November produced the largest national monthly decline in activity since 2012.  The number of home resales stands at its lowest level since September 2015. This may be in part because of the new mortgage measures instituted by the […]

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13 Dec

How Canadians will feel an interest rate rise in the US.

General

Posted by: Anne Martin

Interest rates are expected to rise in the US as they ready to increase bond rates and we are expected to feel it in Canada since we are not insulated from the global markets.  Bond rates affect fixed interest rates and since the majority of mortgages in Canada are fixed rate, we will feel the […]

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