Latest News

CMHC turns up scrutiny of condo investors as concerns of overheated market grow

posted by The Mortgage Associates    |   July 31, 2014 08:47

CMHC turns up scrutiny of condo investors as concerns of overheated market grow

Article by Katia Dmitrieva, Bloomberg News, July 28, 2014

"Canada’s housing agency is set to publish results of a Toronto and Vancouver condominium-owner survey as it seeks to address economist and policy maker concern that not enough is known about what’s driving price gains, documents show.

Canada Mortgage & Housing Corp. surveyed condo investors — those who purchased at least one condo that isn’t the owner’s primary residence — in August and September 2013, according to documents obtained by Bloomberg through an Access to Information request. Most of the content, including the number of people Ottawa-based CMHC contacted, the survey questions and the results, was redacted.

Calls are growing louder for more detail about who’s investing in the nation’s condo market, including how much is owned by foreigners, and what the risks are. Policy makers have warned for the past half decade a bubble may be forming in Canadian real estate, and some analysts have said prices are as much as 20% overvalued."

To read the full article, please click here.

With Shawna I did not have much to do except sign the forms to get mortgage financing

posted by The Mortgage Associates    |   July 29, 2014 08:45

Shawna MacDonald"I met Shawna while purchasing a house a year and half or so ago and had very good advice and no problems with getting a mortgage so when I started looking for a rental investment property she was the first person I contacted for advice and I did not have to do much except sign forms to get financing, I would not hesitate in recommending Shawna to anyone and wish her good luck in her future."

Matt Burnell, July 2014





HBTC to help with the purchase of a first home

posted by The Mortgage Associates    |   July 28, 2014 08:14

Through Canada’s Economic Action Plan, the federal government introduced the First-Time Home Buyers’ Tax Credit (HBTC) to help with the purchase of a first home.  The $5,000 non-refundable HBTC amount applies to qualifying homes acquired after January 27, 2009, and provides up to $750 in federal tax relief. An individual is considered a first-time home buyer if neither the individual nor the individual’s spouse or common-law partner owned and lived in another home in the year of the home purchase or in any of the four preceding calendar years.  

For more information click here. 

Tips for low-maintenance lawns

posted by The Mortgage Associates    |   July 25, 2014 08:46

Low-Maintenance Lawns

Article by CMHC

"Conventional lawns require a lot of work to keep them neatly mowed, fertilized, weeded, edged, watered, aerated, and so on. Low-maintenance lawns, on the other hand, can reduce the time, money, water and other inputs by at least fifty per cent. These lawns are made up of a diverse mix of hardy, drought-tolerant, slow-growing and low-height turf grasses, fescues, and wear-tolerant broadleaf species such as clover. They may require a change in mindset, as they will not appear as traditionally perfect as classic lawns, but the savings are compelling."

Click here to view the article.

How long should you date before discussing money?

posted by The Mortgage Associates    |   July 24, 2014 08:06

How long should you date before discussing money?

Article by Melissa Leong, Financial Post, July 12, 2014

"Do you want to date someone for six months only to find out that they have $50,000 in credit card debt?

Well, according to a new survey, 60% of people believe that couples should date for at least six months before sharing financial information with each other and only debts more than $5,000 are worth discussing."

To read the full article, please click here.

15 Things Successful Entrepreneurs Do Every Day

posted by The Mortgage Associates    |   July 23, 2014 08:16

15 Things Successful Entrepreneurs Do Every Day

Article by Jacqueline Whitmore, July 7, 2014

"The most effective entrepreneurs view themselves as assets. They continually invest in themselves and in their future through continuing education and self-improvement.

If you want to become a better entrepreneur and successfully grow your business, dedicate time and energy to improve your daily habits.

Here are 15 things many business influencers make time for in their busy schedules.

1. Eat breakfast.

2. Plan your day.

3. Don’t check email right away.

4. Remember your purpose.

5. Single-task.

6. Visualize.

7. Say no.

8. Value your time.

9. Delegate.

10. Listen.

11. Show gratitude.

12. Stand up and move around.

13. Breathe deeply.

14. Take a lunch break.

15. Clear your desk."

To read the full article, click here.

Canadian home sales rise 0.8% to highest level in four years

posted by The Mortgage Associates    |   July 22, 2014 08:17

Canadian home sales rise 0.8% to highest level in four years

Article by Garry Marr, Financial Post, July 15, 2014

"Canadian existing home sales in June reached their highest monthly level in more than four years as prices continued to rise in some of the country’s hotter markets.

But the housing market is becoming an increasingly local story with the disparity between hot and cold markets growing across Canada, something the Canadian Real Estate Association emphasized in its monthly report on the market

“Sales have improved compared to their slower start earlier this year. That said, there are still important differences in how housing markets are faring depending on location,” said Beth Crosbie, president of CREA, in a release Tuesday."

To read the full article, click here.

Water-Saving Tips for Your Lawn and Garden

posted by The Mortgage Associates    |   July 21, 2014 08:19

Click the below link to learn about water-saving tips for your lawn and garden, as posted by CMHC (Canada Mortgage and Housing Corporation):  http://www.cmhc-schl.gc.ca/odpub/pdf/62042.pdf?fr=1405952365442

Shawna definitely worked for us!

posted by The Mortgage Associates    |   July 18, 2014 08:22

Shawna MacDonald"Shawna was extremely friendly and easy to work with.  She was prompt in all her messages and definitely worked for us.  We would gladly work with Shawna again!"

Cheryl Malin, July 2014







CMHC survey shows mortgage brokers accounted for 48% of originators among 1st time home buyers

posted by The Mortgage Associates    |   July 17, 2014 08:15

Click here to view the survey.