Agent Blogs


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Cory's Mortgage Market Comment...

Sep 28, 2012

Blog posted by Cory Kline, AMP Views (3437)

Bonds remained relatively steady this week with no major changes to interest rates. We have seen a slight tweaking of fixed funds for high ratio or quick closings, offering a 5 year fixed at 2.99%. Regular 5 year money is currently in the 3.09% - 3.19% range.... [ read more ]

Cory's Mortgage Market Comment...

Sep 21, 2012

Blog posted by Cory Kline, AMP Views (3675)

Bonds remained relatively steady this week. No changes expected in interest rates at this time. Five year money is currently in the 3.07% - 3.19% range. We still have one lender, both conventional and high ratio, offering 10 year funds at 3.89%. If you have a... [ read more ]

Cory's Mortgage Market Comment...

Sep 17, 2012

Blog posted by Cory Kline, AMP Views (3965)

Bonds remained relatively steady the past week with only slight upward pressure. No changes expected in interest rates at this time. Five year money is currently in the 3.09% - 3.19% range. We still have one one lender, both conventional and high ratio, offering... [ read more ]

Risks with the Rent to Own Program...

Sep 12, 2012

Blog posted by Cory Kline, AMP Views (4358)

Think twice before considering the Rent to Own Program...Good article from CBC News articulating the risks involved in Rent to Own programs. http://www.cbc.ca/news/canada/manitoba/story/2012/09/10/mb-rent-to-own-housing-winnipeg.html If you have any questions... [ read more ]

Upcoming Changes to the Canadian Mortgage Market...

Sep 6, 2012

Blog posted by Cory Kline, AMP Views (4026)

These new rules have been approved and are now in the process of being implemented by all Federally Regulated Financial Institutions (FRFIs) across Canada. They have to be in place by each lender's year end (by December 31st, 2012 at the latest). Some banks are... [ read more ]

Cory's Market Update...

Aug 31, 2012

Blog posted by Cory Kline, AMP Views (3580)

News Release: Scotiabank has an agreement to purchase the Canadian operations of ING Direct. At this time it would appear that ING will continue to operate as a strong independent brand, offering self service banking, and investing without branch services and... [ read more ]

What's Your Number?

Aug 28, 2012

Blog posted by Kevin Harris Views (34594)

You’ve most likely heard the term “credit score” in conversations about debt or borrowing and understand that it has an effect on our ability to take out loans and get a mortgage and that it’s important to maintain good credit. Do you... [ read more ]

Cory's Mortgage Market Comment...

Aug 17, 2012

Blog posted by Cory Kline, AMP Views (3711)

Bonds have spiked up the past few days by 15 basis points. We fully expect to see most lenders increase fixed rates by nominal amounts. The increase has been caused by stronger U.S. data, and a lack of recent turmoil in the European markets. We fully expect to... [ read more ]

Cory's Mortgage Market Comment...

Aug 10, 2012

Blog posted by Cory Kline, AMP Views (3343)

The lack of global economic turmoil the past few weeks has seen the bond rates rise by approximately 20 basis points. There is some pressure to see a small increase in the fixed mortgage rates. 5 year money continues to the 2.99% - 3.09% range. We have one... [ read more ]

Possible Future Changes to the HELOC Product...

Aug 9, 2012

Blog posted by Cory Kline, AMP Views (3448)

Industry News   If you are considering a future HELOC or readvanceable mortgage equalling 66%-80% of your home value, you may want to act soon.   Rumour has it that some banks may start cutting back on their HELOC lending limits by the... [ read more ]

Cory's Mortgage Market Comment...

Jul 27, 2012

Blog posted by Cory Kline, AMP Views (3286)

The bond rate dropped marginally over the last week which could lead to a potential tweaking of fixed rates.  We now have one lender offering 3.89% both conventionally and high ratio.We previously had 3 lenders offering 10 year funds at 3.89%. If you have... [ read more ]

Cory's Mortgage Market Comment...

Jul 19, 2012

Blog posted by Cory Kline, AMP Views (3174)

Continued uncertainty in Europe and other emerging economies is still a concern to the Bank of Canada. On Tuesday, it was announced that no changes will take place and bank prime will remain at 3%. The bond rate remained steady this week with five year money... [ read more ]

Bank of Canada Maintains Overnight Rate Target at 1 per cent

Jul 18, 2012

Blog posted by Kevin Harris Views (9833)

The Bank of Canada left its key overnight lending rate unchanged Tuesday, where it’s been sitting for almost two years. The last time it rose was September 8, 2010, when it was increased from .75 per cent up to 1 per cent. The overnight rate, which banks... [ read more ]

Mortgage Rules Have Changed Again

Jul 18, 2012

Blog posted by Kevin Harris Views (7860)

Here we go again. The Office of the Superintendent of Financial Institutions had proposed new guidelines for mortgage underwriting back in March and final Residential Mortgage Underwriting Practices and Procedures were released to financial institutions today.... [ read more ]


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