Finance Minister Jim Flaherty announced Tuesday tighter lending standards for mortgages, saying that while the housing market is “healthy” the moves are needed to “help prevent negative trends from developing.”  Under the new rules, all borrowers will need to meet standards for 5-year fixed-rate mortgages regardless of whether they’re seeking a loan with a lower […]

“No need for mortgage market structural shift” The head of the Bank of Canada said on Thursday he does not see a housing bubble currently, nor does it see the need for structural change in the country’s mortgage market. “The Canadian mortgage market has functioned I think exceptionally well during the course of the last […]

Are Mortgage Rates Heading Lower in February 2010? RateSupermarket.ca’s panel of financial gurus believe we could possibly see lower fixed mortgage rates and bigger variable rate discounts to prime TORONTO, Feb. 4 /CNW/ – RateSupermarket.ca, Canada’s rate comparison website for personal finance products such as mortgages and insurance, has announced the results of their Mortgage […]

First Time Home Buying Seminar: When: March 2, 2010 Time: 7pm Place:Prudential LeClair & Associates Realty, 128 Anne St. South, Barrie Speakers: Cory Kline with Mortgage Advice June and Rock Belanger with Real Estate Advice Adam Scarati  with Real Estate Advice All are welcome to this very informative seminar. Please RSVP cory@ndlc.ca Thank-you  

Do you know anyone thinking about buying a home or investment property… If so they need to know about my upcoming ‘Home Buying Seminar’Monday February 8,2010 at 7pmPrudential LeClair Realty128 Anne Street S, BarriePlease RSVP cory@ndlc.ca Speakers:Real Estate: June & Rock Belanger and Adam Scarati Mortgages: Cory KlineAll are welcome

From our family to yours we wish you a safe and happy holiday season.    

New housing Construction has hit its highest level this year in November, more proof that Canada’s real-estate market has clawed out of recession.  Record low interest rates are fuelling a rebound in Canada’s real-estate market, spurring rising prices and a flurry of buying activity. The Bank of Canada will provide its current view of lending rates and […]

Bank of Canada today announced that there is no change in their rate. They still expect their rate to stay put until the 2nd quarter of 2010-based on inflation remaining in the ranges they predict. Bank prime is 2.25%… The next scheduled meeting is on January 19th, 2010   Please email me if you would […]