Key interest rate stays put! BoC announced prime lending rate remains steady at 3.00%. Next BoC meeting is scheduled for Sept 5, 2012. Rate Prediction: A growing number of analysts have been backing up the time line for an interest rate hike by the Bank of Canada. Through the last quarter of 2011 and the […]

International Monetary Fund Sees A Bubble In The  Rob Wile | Jan. 17, 2012, 11:58 AM | 1,744  INTERESTING READ:  It may be time to short Canada. A recent report published by the IMF examines the state of the Canadian housing market in a section titled “How Vulnerable is Canada’s Housing Market?”  Canadian real estate prices quickly bounced […]

July 06, 2012 Newton’s Third Law of Housing It was 325 years ago that Sir Isaac Newton wrote his “third law of housing.” (Or was it “motion?”)  Whatever. Either way, he concluded: “To every action there is…an equal and opposite reaction.” In real estate, this principle applies routinely. One action that’s currently shaking up housing […]

JUNE 21, 2012 – OSFI Announcement At 8:15am this morning Mr Flaherty announced these changes that will impact insured mortgages. Changes (take effect July 9, 2012 so only a few short weeks away): 1                     Max Amortization down to 25 years not 30 2                     Refinance to 80% loan to value not 85% LTV 3                     GDS Max 39% and TDS 44% […]

The Bank of Canada left rates unchanged this morning for their 14th consecutive meeting although their message remained clearly tilted toward tightening at some point in the future.

Niagara Mortgage and Refinance – HELOC’s   We’re hearing from multiple sources that a 65% loan-to-value (LTV) maximum is now a done deal for lending HELOC mortgages (Home Equity Line of Credit). The HELOC LTV limit is currently 80% (meaning 20% property equity needs to stay in the home). Should the same rules apply to low-risk borrowers […]

As of May 9, 2012 – In light of the still-lofty debtloads, the signal emerging from the central bank in April that interest rates are likely to rise sooner than later will present a challenge to many households. In response, we, along with many other forecasters, have tinkered with our interest rate forecast.  We now […]

FINANCIAL POST – The clock is about to strike midnight for mortgages rates that have been the best deal of the past half-century — at least as far as the major banks are concerned. Bank of Montreal’s recent cut-rate 2.99% five-year fixed closed mortgage is set to expire March 28 and, not surprisingly, competitors have […]

WOW! This just in…3.89% – 10-yr fixed rate (best available rate special)  To apply – contact me today 905.380.2241 www.denisedunkley.ca

As an Independent Licensed Mortgage Agent in Ontario for NATIONWIDE Dominion Lending (not tied to any one real estate firm), I have lender(s) available offering 2.99% fixed 5-yr term / 10-yr fixed rate BELOW 3.99% (no tricks! no broker fees *O.A.C. E & O.E.) As always with ANY lender, rates are subject to change without […]