With the federal government's changes to the housing industry coming into effect on October 17th and November 30th, it is important to let your voice be heard. Please sign this petition to signal to the federal ... Read More
Dramatic New Mortgage Rules That May Affect You
Well, when the federal government wants to drop a bomb on the housing market, they go full out. They announced changes to the mortgage rules yesterday and boy are they doozies! I will start with what I see as the most ... Read More
More on the New Mortgage Changes – How they may affect you
The Government announced on January 17th that they will be making changes to their government backed mortgages. Namely, any mortgage that has less than 20% as a downpayment (with a few exceptions). The changes are very ... Read More
Kim Gibbons on CTV News re: Flaherty warns of higher interest rates
To read the article and watch the video please click here... Kim Gibbons, ” Your Mortgage Superhero ®” Mortgage Broker FSCO lic. M08001363 416-400-8107 kim@mortgagesuperhero.com www.mortgagesuperhero.com ... Read More
Kim Gibbons on Global News discussing mortgage rates and the Bank of Canada
Bank of Canada increased their overnight rate on July 20, 2010 by .25% which brings the prime rate to 2.75%. Variable rates are still a great deal and now the best 5 year closed variable is at prime - .65% or 2.10%. To ... Read More
As expected – Bank of Canada increases overnight rate by .25%
As widely speculated, the Bank of Canada has increased their overnight rate by .25%.. How does this affect you? Well if you are in a variable rate mortgage then expect the prime rate to increase from 2.25% to 2.50% and your ... Read More
Understanding the Trends Behind Mortgage Interest Rates
The Bank of Canada is expected by many economists to raise short-term interest rates in June or July, prompting many homebuyers and mortgage holders to ask whether a variable-rate mortgage or a fixed-rate mortgage is best for ... Read More
Kim Gibbons on Global News Discussing Mortgage Interest Rates
Take a look at the Global News - Consumer SOS report from April 20th where a discussion of interest rates took place on the heels of the Bank of Canada overnight rate announcement: click here for the link ... Read More
New Mortgage Rules Start Today
The new mortgage rules that the Federal Government has imposed take effect today. Here are the new rules and how they may affect you: 1. Qualifying rates have changed for variable rates and fixed rates with terms of 1-4 ... Read More