Top Mortgage News!

Breaking Mortgage News!

No More Lines of Credit to 80% of Your Home’s Value

As communicated by the ministry of finance and OSFI earlier this year, all banks under OSFI review are required to change their maximum LTV limits on secured lines of credit.  As such, Effective September 7^th, 2012 all applications submitted as of this date will need to have a maximum of 65% LTV in a LOC.

No More Zero Down Mortgage From The Banks!

This week, Scotiabank was the latest to announce it will drop its Free Down Payment program on September 15.

The good news is Mortgage Brokers still have access to Zero Down Mortgages! If you need one, Contact us!

Two Years and Holding!

The Bank of Canada had another opportunity to raise the Prime rate this week. Mark Carney did not make a change.  The Prime rate has not changed for the past 2. Mr. Carney stating a still weak economy and inflation that is within the range he wants to see.

Name(required)

Email(required)

Comment(required)

Submit

Δ

What will I have to pay HST tax on?

In general, a harmonized sales tax rate of 13% will apply to all goods and services that are currently subject to GST.

The HST will not be charged on the following items that are currently not subject to PST:

Tips for Getting the Most For Your Home!

Tips for Getting the Most for Your Home When You Are Selling!

In any real estate market, prepping your home so that potential buyers see it in its best light can mean that your home sells more quickly and possibly at a better price.  Here are a few simple steps that can yield big dividends:

July MLS Stats Released!

Stats Released for July MLS!

“The Canadian Real Estate Association (CREA) says national home sales activity continued to trend down in July 2010. The decline was almost entirely the result of fewer sales in British Columbia and Ontario. A slowdown in demand in these two provinces had been widely expected in July, as many purchases were brought forward into the first half of the year in advance of the introduction of the HST.”

Seniors Stay in Their Home | Chip Program Explained

Our parents raised us and cared for us. Now it’s our turn to help them in their Senior years.

As more Canadians reach retirement, the need for CHIP, (Canadian Home Income Program) is growing rapidly. Seniors want to stay in their homes as long as possible and they want to maintain their lifestyles. The barrier to this is often reduced income.

Oshawa’s First Student Housing Building Set to Debut!

New Student Housing Building at Simcoe Street North right beside the UOIT, Trent University and Durham College Campuses is ready to go on the Market Next Week! 

Real Estate Investors will have the opportunity to buy the unit and lease them to the students. This is an excellent partnership with the community and the students.

Newsdurhamregion.com Takes Top Honours!

DURHAM — Metroland’s Durham Region Media Group (MDRMG) has been honoured by a North American newspaper association for its web initiatives.

MDRMG took home top honours for its website from the Suburban Newspapers of America, receiving first prize for Best Local Community Web Site and Best Overall Local News Site in Class C, which is for sites produced by a non-daily newspaper or group with a total circulation over 100,000.

To read this full article please visit Durham Region’s website.

Did you know that “Your Durham Mortgage Solutions Team” at Mortgage Intelligence is here to share their knowledge and experience when you need a low mortgage rate.  Apply today!

Eco-Fee to be Dropped!

The Ontario government will scrap its controversial eco fee Tuesday in a bid to quell consumer confusion and frustration from major retailers.

John Gerresten, Environment Minister will announce that the fees retailer stared charging on thousands of new products July 1 will be eliminated, government sources told The Canadian Press.

“The waste diversion program will continue, however, the government will be looking at solutions to the concerns heard from Ontarians about the program that would ensure household hazardous waste continues to be diverted from our landfills, while ensuring that Ontario consumers are protected,” a source said in an email.

To read this full article please visit CP24 website.

Let us take the lead. “Your Durham Mortgage Solutions Team” will reduce your stress, save you time and money and find you the right mortgage for your situation.  Apply now!

The Bank of Canada Raises Rates!

The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

The Book of Awesome!

Whitby resident Neil Pasricha author of 1000awesomethings.com and The Book Of Awesome has recently won two prestigious Webby Awards for his blog. The book and the blog focus on the little joys in life, such as finding the last crumbly triangle in a bag of chips (entry No.999), turning the pillow over (No. 858) or wearing underwear just out of the dryer (No. 981).

“I’ve always tried to capture those universal, simple, free pleasures that we all love and enjoy”, says 30 something Paricha, who was born and raised in Durham Region.