Preet Banerjee, Columnist From Wednesday’s Globe and Mail Published Tuesday, Apr. 24, 2012 6:00AM EDT Last updated Tuesday, Apr. 24, 2012 8:03AM EDT The future is unknowable, but it doesn’t stop people from guessing about it. And when it comes to interest rates, this seems especially true. Haven’t you heard? Interest rates will probably be [...]
A decade is a long time to commit to anything, especially a mortgage term. But, depending on a few factors, it could deliver the best long-term value a homeowner could ever have. Although the window may close before long, the arguments in favour of the 10 year fixed rate mortgage have probably never been more [...]
Written by Vernon Clement Jones It’s an opening in the western frontier that more pioneering Canucks are entering, looking beyond Arizona’s residential market to its re-emerging commercial one. “Homes are still being sold in the Phoenix area at 50 per cent of the replacement costs,” said Kent Baker, a partner at City to City Commercial, [...]
A new report from Equifax is pointing a finger in the same direction brokers have, arguing non-mortgage debt is the real threat to consumer solvency. “It is not surprising to see consumer credit continue to increase given the significantly improved levels of consumer delinquencies and bankruptcies witnessed in the last year, coupled with record-low consumer [...]
Why you should beef up that down payment fund first
Preet Banerjee Globe and Mail Update Published Friday, May. 04, 2012 6:00AM EDT A few years ago you could get yourself a CMHC insured mortgage with no down payment or a 40 year amortization. But if you go back a few decades, the norm was to put 20 per cent down with a 25-year amortization. [...]