Each home you purchase is an investment. I strive to make sure your home purchase is a good decision now and in the future. I work with buyers/sellers/investors on all styles of properties. I work hard to help potential home buyers reach their goals. Bennett Real Estate Pros were #1 (KWRI 2010 and 2011, www.bennettpros.com). We strive to offer 5 star service to clients in their search for their most important asset. We’re Platinum Club members, the top 1% of realtors in the world.
Wednesday, November 16, 2016
Fascinating changes in Canadian mortgage markets abound ....
The Federal government is tightening rules to help cool the market, Ontario institutes a higher land transfer tax rebate to give buyers incentives to purchase and now RBC is offering lower rates for a shorter ammortorization on your mortgage. Interesting times in the Canadian mortgage markets.
Under pricing pressure from spiking bond yields and Ottawa's housing market crackdown, Royal Bank of Canada is boosting its most important fixed-rate mortgages.
RBC is also introducing a new pricing structure, charging different rates for mortgages with amortization periods of 25 years or less and for those with longer maturities -- a first for Canada.