The
Finance Department's new
qualification rate policy is generating no shortage of
confusion.
We talked to some high level folks at the insurers and not even they know what interest rate will be used to qualify borrowers come April 19.
It could be the 5-year posted rate or the 5-year discount rate. One source told us it migh ...
Just in from an official at the Finance Department:
"The Government will provide additional details shortly" on which rate will be used to qualify mortgages starting April 19.
That, of course, refers to which interest rate lenders will
need to use to calculate people's debt ratios.
(See "Small Oversight")
4129 Harvester Road -
H1
Burlington, ON
...
1872 Main St W
Hamilton, ON
(905) 524 9853
Date: February 11th, 2009 @ 7pm Sharp
Information provided by Kathleen Waters, vice-president, TitlePLUS
No matter if you're a seasoned homebuyer or a first-timer, you need to know about the many unique aspects of purchasing a condominium before you buy one. A good first step is to familiarize yourself with some condo basics, as outlined in this article. Then, before yo ...
HST What You Should Know
The government of Ontario will be going ahead with plans to
incorporate HST into our lives and I wanted to make sure you are
aware of how it will affect Real Estate, jobs and your business. It
is a little confusing and I have included this link which will take
you to the information page related to HST specifically
http://www.rev.gov.on.ca/en/taxchange/index.html
Fr ...