Is the Mortgage market collapsing in Canada? This is the question on everyone’s mind this week. If you have been following our blogs you will know that in Early October of 2016 I ran a blog called The Day After . In that blog post, I looked at the major implications that would be caused by…
DetailsRead analysis from North East Mortgages president Terry Kilakos on mortgage rule changes that went into effect in October 2018 (OSFI dropped the hammer on the mortgage market), as well as commentary from December 2018 (Treat Canadians like the responsible homeowners they are). Residential mortgage growth has dipped to a 17-year low the Bank of…
DetailsMortgage fraud is something that can land you in a heap of trouble, both legal and financial. Getting hooked in by a mortgage specialist or broker that’s up to no good can have consequences for you and for them. On a recent episode of CJAD’s The Real Estate Show, North East Mortgages President Terry Kilakos…
DetailsAs its municipal government raised property tax rates in their latest budget, the City of Montreal is set to receive a larger than expected windfall of property revenue in the coming years. How? Property value assessments. Later this year, homeowners across the island will receive a new property value assessment that will be the baseline…
DetailsMontreal has had enough of tax hikes! This is the message that protesters brought to Point-Claire City Hall on Sunday afternoon. Mayor Valerie Plante can dress up the hikes as she wants but the Mille rate is about to change and it will have an impact greater than what you might think. Some of the largest…
DetailsThe team at North East Mortgages would like to wish our friends the best for the holiday season! A new year brings promise but many Montreal real estate professionals agree: 2019 should not bring a foreign buyers tax for the city of Montreal. For one, this wouldn’t be enough to prevent foreign buyers from taking…
DetailsThis past weekend I was reorganizing my chaotic office and came across an old issue of Mike Holmes’ magazine. In it, there was an interesting article about first-time buyers called “The first time home buyer’s guide” published in the May 2011 edition. In the article, Nathalie Rodriquez outlines a step-by-step process to buying your first…
DetailsIf you’re a first-time home–buyer, you’ve likely wondered what neighborhood would be the best bet. Often, these debates among Millennial Montrealers revolve around the Plateau vs. Sud-Ouest. If you’re of a certain age, you might be more than a little reluctant to start your search outside the city’s core. You may be thinking the suburbs…
DetailsHey everyone, hope you are all eager for an early spring. I don’t mind winter but this year I’m looking forward to a nice spring and with spring in the air many of you may be thinking about selling and perhaps upgrading to a larger home. Selling and buying are not too tricky but here…
DetailsLender stock prices plunge as investors pull money out of monoline lending channels. In the early 1900’s miners, when they would descend into a mine. Would bring with them a small caged bird such as a Canary. The technology did not exist back then to tell them if dangerous gases such as carbon monoxide were present…
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