We pay the Property Transfer Tax on all remaining D, E1, LA1, LA2, LD, MC, MC1 & MD homes. That’s 1% on the first $200,000 and 2% on the remainder. What will you do with the extra money you save from not having to pay the PTT?
On now, until June 21st! Ask an Origin Sales Representative for more details and act now… this incentive and the homes at Origin won’t last!
It’s the kind of domino effect brokers like, with one lender moving to lower the rate on its five-year fixed quickly followed by another and another and … (more…)
From our friends at the Vancouver Sun…
Even though there was a drop in some of this week’s fixed-rate mortgage products, some rates are expected to go up this year. Why the inconsistency between fixed and open rates? Fixed-rate mortgages follow bond yields, which have fallen recently. Variable rate mortgages reflect changes in the Bank of Canada’s prime rate, which is expected to rise. (more…)
From our friends , Mike Averbach & Justin Blacklock at Averbach Mortgages – averbachmortgages.com
On March 18th the new Mortgage financing rules went into effect. We have been inundated with calls asking about the new rules and how they will affect different scenarios.
Here is a synopsis of the new mortgage rules. We have highlighted the three most important areas and have provided our opinions on how the rules will impact renewals, refinances and new purchases. (more…)
A great update on the new mortgage requirements facing homebuyers, from mortgage specialist, Mike Averbach, of Averbach Mortgages.
The Honourable Jim Flaherty, Minister of Finance, and the Honourable Christian Paradis, Minister of Natural Resources, today announced prudent adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada’s housing market and support hard-working Canadian families saving through home ownership. (more…)