Effective July 9, 2012, the rules for government-backed insured mortgages will tighten in Canada.
Canada?s Finance Minister Jim Flaherty has announced that:? The maximum amortization period for government-backed insured mortgages will be reduced to 25 years from 30 years.
? The maximum amount that an individual can borrow when refinancing will be lowered to 80% from 85%.
? The federal government will set a maximum for gross debt-service ratio (GDS) at 39% and lower the maximum for total ...
Want to be the one in the know at this year's holiday parties?
Well here are our hot topics with the answers to boot, for all things real estate on the Edmonton, Alberta real estate market and the overall Canadian real estate market this 2012 holiday season.
What is going to happen with interest rates in 2012? Answer: Most likely will stay steady, with possibility of potential slight drop or increase depending on consumer confidence levels and outcome of European Union debt issues.
What ...
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Just don't call it a boom: Alberta poised for growth supercycleBy Gary Lamphier, Postmedia News - June 17, 2011Two years after the Great Recession ended, Alberta's energy-fuelled economy is again flexing its muscles. With oil prices tripling from their 2009 lows, drilling activity on the upswing, unemployment falling and oilsands investment surging, Alberta looks poised for a new growth supercycle.Photograph by: Bruce Edwards, file, edmontonjournal.com
EDMONTON ? Two years after the Great ...
Wake up, Alberta ? frenzy?s comingBy Kathy McCormick, Calgary Herald April 15, 2011Sourced article can be found here...
The above graph is from Research provided by Real Estate Investment Network? & www.donrcampbell.com
He?s calling it the Wake Up Alberta tour ? and while real estate expert Don Campbell refuses to say another boom is on the way, he says to be prepared.
?Alberta is 18 months away from a real estate frenzy,? says the author of the bestselling book, 97 Tips for ...