April News and Rate Advisor
|Current Discount Mortgage Rates for Apr 2017||Rate|
|Note: * Rates subject to change and OAC.|
|Canadian Qualifying Rate||Apr 2017|
|Current Bank of Canada Rate & Prime Rates||Apr 2017||Apr 2016||Apr 2015|
|Nationwide Building Permits||Feb 2017||Feb 2016||Feb 2015|
|Average House Prices by Province||Feb 2017||Feb 2016||Feb 2015|
|Prince Edward Island||$212,033||$156,895||$164,774|
|Average House Prices by City||Feb 2017||Feb 2016||Feb 2015|
Some of Our Featured Mortgage Rates
|Variable Rate Mortgage (Insurable Deals)||As low as 2.00%|
|3 Year Closed Rate||As low as 2.39%|
|5 Year Closed Rate Mortgage (Insurable Deals)||As low as 2.59%|
|Home Equity Line of Credit (HELOC Up To 80%)||As low as Prime +.50%|
|10 Year Closed Term|| |
As low as 3.74%
Rates and terms subject to change without notice, the above rates are for insureable purchases only, conditions may apply.
4 Smart Reasons to Refinance your Home
Uber is taking to the skies with its next project — “flying cars” — even as all eyes are on its problems on the ground.
The Ontario government is expected to
unveil a suite of housing affordability
measures in the coming days aimed at
cooling soaring home prices in the
Greater Toronto Area. Here are five
potential measures the province could
bring forward to tackle housing
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Hyundai and Kia are recalling 1.4 million cars and SUVs in the U.S., Canada and South Korea because the engines can fail and stall, increasing the risk of a crash.
A hacker claims to have followed through on a threat to release several episodes from the upcoming season of Netflix's hit series "Orange Is The New Black."
The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending.
U.S. GDP grew by just 0.7 per cent in the first quarter following a gain of 2.1 per cent in the fourth quarter, the Commerce Department reported.
Troubles at Home Capital Group may translate to higher mortgage rates for less creditworthy borrowers if concerns about the sector increase funding costs for other subprime lenders, experts say.
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How to increase your home's value without breaking the bank
Reverse Mortgage Specialist
New to Canada Mortgage Program
The New to Canada Mortgage allows qualified home buyers who have immigrated to Canada from another country, or have been transferred here by an employer, to qualify for mortgage insurance with as little as a 5% down payment.
Quick Details of the program - good credit or no credit history is allowed as this program allows limited Credit history.
- Must be in Canada for less than 5 years
- Must have at least 3 months Canadian employment, no probation
- Must have either a working visa or permanent status (9 SIN allowed, must prove legally allowed to be in Canada)If no credit and 5% DP - alternative sources of credit required (as per high ratio insurer guidelines)
- Working visa minimum 10% down from own sources
- Permanent Status 5% down from own sources
Call me to find out all the program details and if you qualify for this program!
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