Lender 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…
Officially today a petition has been launched requesting that the Finance Department of Canada revisit is recent mortgage rule changes. The petition reads and I quote as follows “KEEP COMPETITION IN THE CANADIAN MORTGAGE MARKET Keep Competition in the Canadian Mortgage Market We are asking the Department of Finance to consider the important place non-bank…
That’s right! We’re slowing headed into another buying season in Quebec. Many Quebecers and Canadians alike are contemplating the sale of their property or perhaps that first purchase. This blog entry will focus on the latter. First time home buyers are my favorite clients to work with. Maybe it’s the former teacher within me that’s speaking. There is so much…
By Eleni Akrivos – mtltimes.ca If you are a buyer and just found your perfect home at the right price, the next logical and crucial step is the home inspection. Are you ready? As a seller, you may be excited to have an agreed upon offer to purchase, yet to move forward with the transaction,…
Why Isn’t My Home Selling? – 5 Mistakes to Avoid By: Eleni Akrivos – mtltimes.ca More than a few years ago, it used to be that in Montreal and surrounding areas, your real estate agent would put up the sign for sale in front of your home, and in a matter of time, it was…
Everyone has in some form or another heard of Habitat for Humanity but few in Quebec have heard of the ReStore. As their website states, “The Habitat for Humanity Montreal ReStore sells quality, new and gently used furniture, appliances, home décor items, building and renovation materials to the public at greatly reduced prices.” All proceeds…
I just returned from spending a few days at the Mortgage Forum 2012 in Vancouver. The event is organized by the Canadian Association of Mortgage Professionals or CAAMP. Before I left for the conference I told all my clients and friends that my mom lets me go to CAAMP. Gotta love bad mortgage humor… CAAMP…
Although most people have heard the term bridge financing, very few understand what it is and how it works. Recently plenty of clients have come into our offices in need of this type of financing. I figured I would take this opportunity to demystify this sometimes overlooked and deal saving solution. First, let us look…