1 Nov

Market Resale Prices in Canada

General

Posted by: Darick Battaglia

Average MLS Resale Prices for Local Markets (August 2013) MARKET RESALE PRICE Halifax $272,069 Saint John $176,632 Montreal $327,165 Ottawa $348,822 Toronto $503,094 Winnipeg $261,666 Regina $311,860 Calgary $432,576 Edmonton $348,758 Vancouver $784,567 Victoria $479,978 Canadian Real Estate Association ________________________________________

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29 Oct

24% of Canadians eliminated non mortgage debt in 2013

General

Posted by: Darick Battaglia

Near a quarter of Canadians are debt-free, while others owe more twenty-four per cent of Canadians say they eliminated their non-mortgage debt in 2013, compared with 26 per cent in 2012 and 22 per cent in 2011, according a Royal Bank of Canada poll on debt. Among Canadians who still have personal debt, the average […]

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17 Oct

How to obtain 85% refinancing without an insurance premium

General

Posted by: Darick Battaglia

Federally-regulated lenders can’t lend more than 80% of a home’s value without the borrower getting mortgage insurance. But a few banks have developed a way around that. What they do is loan the borrower 75-80% LTV as a first mortgage. Then they facilitate a 5-10% LTV second mortgage with a separate private lender.

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2 Oct

Reasons to change your brokerage

General

Posted by: Darick Battaglia

Are you located in Ontario? Are you a mortgage agent or broker? Are you with a broker that provides monthly sales meetings? $1000 in prizes and awards given out at our last meeting. Are you with a broker that provides systems that make it easy to qualify your deals? Are you with a broker that […]

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