More Than A Promise To Sell Your Home

Genworth is following CMHC's move; so as of Oct. 15/ 2008, there will no longer be 100% financing and 40 year amortizations available from Genworth either. CMHC and Genworth backed high ratio mortgages must have minimum 5% down and 35 year maximum. Clients who are interested in these products must have a closing date before Oct. ...

Engine behind the country's housing boom has been increasingly leveraged first-time buyersTAVIA GRANT  Wednesday, April 23, 2008 Canada may not have the sizable subprime market of the U.S., but the engine behind the country's housing boom has been increasingly leveraged first-time buyers. Legions of first-timers are adding years of ...

 The Bank of Canada cut its benchmark interest rate on Tuesday by a half-percentage point to 3 percent, as expected, and signaled that further easing was required but suggested it might pause before cutting again.First time buyer's, those re-mortgaging and those still considering adding to their mortgage amounts will all feel some ease ...

Yet another viewpoint on the comparisons between the US and Canada with regards to the the relationship between real estate and the financial sector.Enjoy ... Canadians have so far dodged the severe credit woes gripping the U.S., where the collapse of the mortgage market has triggered rising delinquency and foreclosure rates and left households ...