7 Things Buyers Should Know Before They Buy a Home

10.06.2019posted by: Walter Mota
Reprinted from Jeff Stern REM article October 3, 2019 – MREA member and my Realtor colleague. Here are what many home buyers wish they had known ahead of time but often learn too late. About some online house pictures… What one sees online and what one sees in person are sometimes two vastly different things.…
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1st-Time Homebuyer Alert! Starts September 1

09.01.2019posted by: Walter Mota
The details of a $1.25 billion home-buyer incentive program that was included in the federal budget shows it will save new owners a few hundred dollars a month on their mortgage. First-time buyers with household incomes less than $120,000 a year could be able to save around $286 a month on a $500,000 house without…
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High Mortgage Rates? Not so fast!

07.19.2019posted by: Walter Mota
MATT LUNDY PUBLISHED 2 DAYS AGO UPDATED JULY 17, 2019 GLOBE AND MAIL HOUSEHOLD FINANCES The era of higher mortgage rates was short-lived Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived. RBC Dominion Securities compared a typical five-year…
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Homebuyers to get new mortgage incentive, Home Buyer’s Plan boost under 2019 budget

03.27.2019posted by: Walter Mota
Can’t afford to buy a house? The government may take on part of the cost. That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Canadians fulfill their homeownership dream. Under the new CMHC First-Time Home Buyer Incentive, the Canada Mortgage and Housing Corporation would use up to…
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Bank of Canada maintains current interest rate

03.06.2019posted by: Walter Mota
Bank of Canada stands pat   To few people’s surprise, the Bank of Canada is opting to maintain the target for the overnight rate at 1.75%–but the future of interest rates is much less clear.   While the Bank projected a temporary slowdown at the end of 2018 and into 2019, the slowdown has been much…
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