Agent Blogs

Blog posted by Cory Kline, AMP Views (5438)

Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart.   When a bank pulled the financing  from one buyer at the last minute, it caused all the... [ read more ]

Blog posted by Cory Kline, AMP Views (5347)

Fixed mortgage rates have been on a steady ascent since bond yields blasted off in May. Now, the major banks are jacking up rates again. Most of the Big 6 are lifting their “Special offer” 5-year fixed mortgages to 3.79% or 3.89%, a 20 basis... [ read more ]

Blog posted by Cory Kline, AMP Views (4997)

When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an old attempt. The $85-billion MBS guarantee limit (the one that made headlines on... [ read more ]

Blog posted by Cory Kline, AMP Views (5300)

Article from Canadian Finance Blog, Written by: Alan Schram For the most part, I think Canadians have the advantage over Americans. Our housing economy didn’t crash (completely), our banks don’t appear to be failing, and medical care is... [ read more ]

Expert Question posted by Sue Kay Views (8948)

Hello ,  Thank you for your interest . Building is a great opportunity to truly express yourself and get comfortable in your space . I enjoy assisting people throughout the process and refer to this as a construction consultation . During this consultation i... [ read more ]

Blog posted by Cory Kline, AMP Views (5622)

As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.     This means no changes in variable rate mortgages or line of credit rates.   Five year money ranging from 3.39%-3.59% and 10 year money is at... [ read more ]

Blog posted by Cory Kline, AMP Views (5271)

The interest rate market has remained steady the past 7 days. No changes in rates. There is not expected to be any changes with the Bank of Canada next week.   5... [ read more ]

Blog posted by Cory Kline, AMP Views (5613)

  Bonds rates have steadied the past week. However, yesterday's news contained reports that the US Fed may stop supporting their extraordinary stimulus in terms of their... [ read more ]

Expert Question posted by Joanne McPhail Views (11084)

Hi there:  If a buyer cannot close on the closing date set out in the Agreement of Purchase and Sale, the seller can agree to extend that date, if he is so inclined.  Sometimes monetary inducements are given as a result of such a request by the Buyer, as... [ read more ]

Blog posted by Cory Kline, AMP Views (5746)

Interesting article from The Financial Post... A few days ago, Scotiabank received permission from the Securities and Exchange Commission (SEC) to market to US retail investors what are known as covered bonds. In pursuing SEC approval for market access, Scotia was... [ read more ]

Blog posted by Cory Kline, AMP Views (5237)

Market Update: Rates are up!   The bond rates have shot up approximately 40 basis points the past 2 weeks. All lenders have raised their 5 year fixed rates at least once and... [ read more ]

Expert Question posted by Sue Kay Views (8947)

Thank you so much for your inquiry!  Jamie Stokes is one of our painters and your friends advice is correct ! The best number to contact him at is 705-791-2775 ! If you need any other assistance please feel free to try me at the store any weekday morning at... [ read more ]

Blog posted by Cory Kline, AMP Views (5887)

As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.   This means no changes in variable rate mortgages or line of credit rates.... [ read more ]

Blog posted by Cory Kline, AMP Views (5151)

Bonds were steady this week, but still creating upward pressure on fixed rates. So far, no more changes; however, any further upward movement will likely result in all lenders adjusting their rates. The... [ read more ]

Expert Question posted by Joanne McPhail Views (9154)

Thanks! [ read more ]