Genworth Series:What is Mortgage Default Insurance Image

Genworth Series:What is Mortgage Default Insurance

The amount of money you save for the down payment will determine whether you will require mortgage default insurance.

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Home Insurance Image

Home Insurance

It is essential to maintain your personal property and liability coverage, and, where applicable, insurance for the structure of your residence.

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PETER POLITIS OF GREYBROOK REALTY PARTNERS

 We love our behind-the-scenes views of the real estate industry. We talk a lot about the developments planned for Toronto, but one thing that we rarely focus on is the financing aspect of the projects. Without proper financing, developments are

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CMHC Increasing Mortgage Insurance Premiums Image

CMHC Increasing Mortgage Insurance Premiums

Effective May 1, 2014, the Canada Mortgage and Housing Corporation (CMHC) will be increasing its mortgage insurance premiums after the annual review of their insurance product and capital requirements.Those affected include owner occupied units,

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CMHC increasing mortgage insurance premiums Image

CMHC increasing mortgage insurance premiums

The Canada Mortgage and Housing Corporation (CMHC) just announced that it is increasing its mortgage loan insurance premiums, effective March 17, 2017. Don’t worry, it shouldn’t affect your ability to afford a home.  Mortgage loan insurance is necessary

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Flaherty thinks privatization Image

Flaherty thinks privatization

By Sam ReissSince taking a number of measures over the last few years to quell the Canadian market through the Canada Mortgage and Housing Corp, it seems Finance Minister Jim Flaherty has done an about-face. He now says he’s done intervening and thinks

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Now or Later? Your Financial Strategy Image

Now or Later? Your Financial Strategy

Finances aren't something that everyone readily understands, but having a financial strategy is a necessity for a new homeowner. When money is tight, you have to be careful with every penny. You also want to think about how you can get ahead. Where

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How involved should government be when it comes to cooling the housing market? Image

How involved should government be when it comes to cooling the housing market?

Finance Minister Charles Sousa said earlier this week that the upcoming provincial budget will include measures to cool the housing market. Reportedly, disappointment at the lack of measures in the recent federal fiscal plan prompted the announcement,

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Nobu betting on Toronto’s hot market Image

Nobu betting on Toronto’s hot market

With headlines warning of a housing bubble and the Mayor of Toronto meeting with the provincial and federal finance ministers to discuss strategies to cool and take control of the market, you’d think some developers may be hesitant to launch an ultra

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Will the GTA housing market experience a slowdown this year? Image

Will the GTA housing market experience a slowdown this year?

On the heels of a hot housing market for 2016, Global TV’s finance expert Preet Banerjee thinks we’re going to lose some steam as 2017 progresses. Owing largely to the change in mortgage rules that will mean some buyers lose between 15% and 20% of their

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