iToolPro

/iToolPro

About iToolPro

This author has not yet filled in any details.
So far iToolPro has created 9 blog entries.

Canadian Spring Real Estate Market Shows Promise for 2017

Spring is a unique season in real estate terms. It’s the time of year when we see the most activity, with “For Sale” signs dotting nearly every neighborhood, and open houses and showings become the norm across the country. The Star has already dubbed it “a ... spring real estate season like none in memory.” [...]

By | 2017-05-15T14:45:10+00:00 May 15th, 2017|Economy, Mortgage Products|Comments Off on Canadian Spring Real Estate Market Shows Promise for 2017

New Measures to Cool Red-Hot Property Market

The Canadian Real Estate Association (CREA) recently reported that February home sales across Canada rose 5.2 percent on a month-over-month basis to reach a level that’s just 0.8 percent below the highest peak ever seen in April 2016. There have been reports on the likelihood of policy intervention by different levels of government to address [...]

By | 2017-03-23T18:31:45+00:00 March 23rd, 2017|Economy, Mortgage Rules, Mortgage Tips|Comments Off on New Measures to Cool Red-Hot Property Market

Get Your Home Equity to Work for You

What is Home Equity? For those of you who are new to the real estate market, your home equity is the current market value of your property (home) minus the remaining mortgage balance. How can you use the Equity in your Home to save on hefty interest charges? People have been using home equity for a [...]

By | 2017-01-13T21:37:50+00:00 January 13th, 2017|Uncategorized|Comments Off on Get Your Home Equity to Work for You

Latest Mortgage Lending Rule In Effect Oct 17

How does the latest mortgage lending rule affect you? The federal government introduced a new mortgage rate stress test for all insured mortgages effective Monday October 17th creating a new challenge for potential homebuyers in Canada. Essentially the new regulation is aimed at protecting the financial wellbeing of Canadians to support the stability of the [...]

By | 2017-01-04T00:58:49+00:00 October 18th, 2016|Economy, Mortgage Tips|Comments Off on Latest Mortgage Lending Rule In Effect Oct 17

How important is it to choose the right mortgage term?

Have you considered how important is it to choose the right mortgage term? Buying a new home is probably the most important decision most Canadians make. This means you will most likely look for a new mortgage.  When choosing a mortgage, you need to consider many factors. If you get the wrong combination, you may [...]

By | 2017-01-04T00:58:49+00:00 June 13th, 2016|Mortgage Tips|Comments Off on How important is it to choose the right mortgage term?

Why a Lowest Mortgage Rate Is Not Always the Best Rate for You?

Mortgage interest rates are always a subject of rivalry among lenders in Canada. This war has continued this year with a leading Credit Union announcing a 1.69% fixed rate mortgage a couple of months ago. According to experts, this could be the lowest one-year fixed rate available. You can expect other players to follow suit [...]

By | 2017-01-04T00:58:49+00:00 May 9th, 2016|Mortgage Products, Mortgage Tips|Comments Off on Why a Lowest Mortgage Rate Is Not Always the Best Rate for You?

Why use a Mortgage Broker?

Mortgage rates have been on a record low in Canada, this may be a good time to take advantage. Many Canadians still turn to their local banks for mortgage advice. Although banks have different great mortgage products, they don't always suit everyone's requirement. This is where your mortgage broker could offer an ideal alternative. A recent [...]

By | 2016-04-05T17:35:59+00:00 April 5th, 2016|Mortgage Products, Mortgage Tips|Comments Off on Why use a Mortgage Broker?

New thinking on BoC rate hike

Brokers are anticipating a particularly busy 2014 as clients look to move before the Bank of Canada does, although there’s new thinking on the timing of its long-awaited hike in the overnight rate. "The Federal Reserve calmed potential homeowners and investors by signalling it won’t raise the rate until the economy improves further, which by [...]

By | 2017-01-04T00:58:57+00:00 January 4th, 2014|Uncategorized|Comments Off on New thinking on BoC rate hike

Breaking News: CMHC CEO appointment

The minister responsible for Canada Mortgage and Housing Corporation (CMHC), Jason Kenney, announced today that Evan Siddall has been appointed president and chief executive officer of CMHC for a five-year term effective January 1. "Mr. Siddall brings to the position extensive leadership and senior management experience," Kenney said. "His proven financial and capital markets expertise [...]

By | 2017-01-04T00:58:58+00:00 October 29th, 2013|Uncategorized|1 Comment