Montreal Home Blog

Finance Minister Jim Flaherty’s new rules:
 Q&A on topics that might be top of mind at the moment.
Q:  When must I apply in order to secure a 35-year amortization on a high-ratio mortgage or a 90% loan-to-value refinance?
A:  To be safe, ensure that you are approved by Thursday March 17. Be careful about making changes to [...]

We’ve just come across a great article in the Financial Post, which offers some current insight as to whether you should sell your home, or renovate:
Feisal Panjwani, a senior mortgage consultant with Invis in Vancouver, says it’s an opportune time for homeowners to consider their options.
“Because the rates are so good, now is the time [...]

The City of Montréal has announced special incentives for first-time home buyers, in an effort to keep young families from moving out of the city core.  The CBC has more information:
The City of Montreal has sweetened its home ownership incentives to encourage families to choose the island over suburban living.
The incentives target couples with children [...]

We received the following notice from the GMREB this morning. If you visit Centris, you can enter to win a $25,000 down payment! Contest starts April 7th.

Sacha Peter of The Divestor provides this article, Canadian Interest Rate Projections, in which he makes some predictions about mortgage rates over the next year. This could prove to be some important information for those readers currently wondering what type of mortgage they should consider.

 
Île-des-Soeurs, November 10, 2009 – October 2009 sales in Montréal Metropolitan Area hit the same level as sales in October 2007, the year that broke all records.
 According to the Greater Montréal Real Estate Board’s MLS®  statistics, there were 3,543 sales transactions in the Montréal area in October 2009, a 23 per cent increase compared to [...]