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Bank of Canada backs off housing bubble talk

  I see that the Bank of Canada has backed off their earlier position in respect to mortgage rates as per my previous blog. In a speech in Edmonton, bank official David Wolf ruled out increasing interest rates to discourage mortgage lending. Wolf, an adviser to bank...

Are you ready for higher mortgage rates?

December was a vibrant month for real estate sales in London and I have to admit being taken by surprise. Are we not facing record unemployment rates and a huge trade deficit? Perhaps the unemployment benefits have not yet expired? Low interest rates, the rush to beat...

The 7 Most Common Mortgage Mistakes

Based on my experience here are the 7 most common mortgage mistakes made by home buyers. Mistakes can cost you thousands of dollars. Fortunately our clients are exempt from these pitfalls. 1.       Overextending Yourself Realtors often encourage buyers to purchase the...

Homes you can buy with a credit card

I got the idea for this blog from a Forbes magazine article. As the title suggest you can purchase real estate throughout Canada and the United States using your credit card. I am not suggesting this is the route to go given the higher interest rates associated with...