Breaking Canadian Real Estate News! Mortgage Rules Changed
A few nice chateau images I identified: Château Gaillard Image by zigazou76 Château Gaillard aux Andelys For much more homes click here… Château Frontenac, sildenafil drug Québec Image by WaterpoloSam Château Frontenac, look Québec For a lot more properties click here… propertysold.ca The Canadian Government announced on Jan 17th, drug 2011 that they are changing 3 Mortgage Rules. These changes could have a significant impact on the Real Estate Market. Changes include 30 years is the new maximum amortization for mortgages with less than 20% down. Also refinancing have been changed from 90% equity to 85% equity Video Rating: 5 / 5 If you would like to see more homes click...
Read MoreWhy have sales of new homes in U.S. fallen to record lows, at same time Canadian home sales at record highs?
Editorial: Questions for Brown on higher education While the memo lacks depth – it's barely more than two pages long – Brown should be commended for addressing a real concern for families across New Hampshire. … guru Paul Ryan's latest plan proposed cutting Pell Grants and accused the White House of … If you would like more informaiton please visit here… Editorial: The drag of debt Elizabeth Warren, visit price D-Mass., buy information pills that would have allowed borrowers with old government loans to refinance them. The program would have been funded with a new tax on millionaires, drug a non-starter among Republicans. Lawmakers would better serve students by … For more informaiton please visit here… Week on the Web: June 14-20 Sequoia Property Partners of New York City, which bought the long-vacant CPA Building and the block on which it sits in Detroit's Corktown, is seeking ideas from the community on the best use for the property. … Starfish Family Services Inc. will … More informaiton please visit here… Question by honesty_counts: Why have sales of new homes in U.S. fallen to record lows, recipe at same time Canadian home sales at record highs? Here’s the U.S. data: http://www.bloomberg.com/apps/news?pid=20601068&sid=aToSv9PXNo3g# headline: ” Sales of New U.S. Homes Dropped to Lowest on Record (Update3) ” Here’s the Canadian data: http://www.theglobeandmail.com/report-on-business/canadians-fret-over-mortgage-rates-prices/article1510682/ headline: “On Tuesday, Bank of Nova Scotia forecast in its real estate trends report that home sales are expected to rise 10 per cent to 510,000 this year, while average prices are expected to jump 8 per cent to a record $ 345,000. ” What the heck gives? Why is our real estate market booming ! , no, its SHOOTING TO THE MOON ! , but at the same time the U.S. housing market seems really dead ??? Why the huge difference ?? Is there something about Canadians that make us smarter, perhaps better than the Americans ? Best answer: Answer by Doctor Deth10% a yr price increases? that is double the long-term USA avg – I guess Canada will the be the next country to have a Real Estate market collapse – unrealistically fast rising prices is what did in the US market – I can’t imagine your annual pay increases are 10% a yr to keep up with those RE price increases, and if they are, then you also have massive INFLATION problems in Canada – sooner or later, the average Canadian will not be able to afford the avg Canadian house and $ 510,000? that’s what house in California were selling for a few yrs ago – they are now $ 200-300,000 don’t get too high and mighty – you may be headed for a big fall I would hardly say you are smarter if you are spending $ 500,000 for a house. I bought 2 houses in 2008 that cost me less than $ 23,000 and are in perfectly livable condition how much is your mortgage pmt on a $ 500,000 house – my $ 20,000 houses only cost me $ 200-230 a month Know better? Leave your own answer in the...
Read More