QUOTE (JohnS @ Nov 15 2010, 11:37 PM) Wow, there was a whole bunch of assumptions in this whole piece. Of course, that doesn`t mean that they`re wrong, but they are just assumptions and opinions, and nothing more. I have to ask, though, what other facts do you have about the future? What...

QUOTE (investmart @ Oct 25 2010, 12:23 AM) Hi, really you do? well for investment purposes shorter amortization is actually worse. The reason longer amortization is better is: longer amortization means lower monthly mortgage payments ---> this means better cash flow ---> this means you need...

QUOTE (JohnS @ Oct 7 2010, 03:15 PM) To quote a wise man, "Attack the point, not the person. Thanks." I wouldn`t say that I`m a sucker (but who would, I guess), but if you read my post again, you`ll probably notice that I never suggested that people market that way in the first place. Rather...

QUOTE (JDaley @ Oct 2 2010, 10:36 AM) I don`t see how this can happen since one of chief complaints of the CB was to provide consumers with the services they wanted and I can`t imagine a seller continuously listing? Keep in mind the realtor won`t disappear in the transaction, and I don`t think...

The MASSES are the ones buying not the ones predicting the crash. Prices have definitely inflated/supported themselves on cheap credit and high debt levels. Going forward is when cash and just as important, equity are king and queen. For the last few years it was hard to tell the difference...

I understand the sentiment amongst landlords that there will be more tenants if they cannot afford to buy but is it not a concern that there will also be more real estate hitting the rental markets as sellers are not happy with selling prices or even in a position where they cannot sell so they...

I think 10% down would be like a recking ball to our economy. This overstimulation by allowing purchasers to spend their lifetime paying off a mortgage is the real culprit. Ie: 35 year ammortization! It`s very difficult to save 10% while paying rent at the same time, 5% is very reasonable to...

Royal Bank raises interest rates for 2nd time in 2 weeks. 5 year fixed is now 4.7% Dream Ride coming to an end says Financial Post! QUOTE (larysa002 @ Apr 7 2010, 10:13 AM) 4.18% now from Mortgage Alliance Network. They had 3.64% just a few weeks ago.

Current 5 year closed is around 4.2%. Anyone see better? QUOTE (RCrein @ Apr 2 2010, 08:51 PM) Thank you Thomas!

3 major bank jacked up the 5 year rates by as much as .60 basis points without a BOC increase. What gives here?

If what you are fantasising about is FREE access to the MLS data which I have partly paid for, (And you have not!) You may as well dream about its` destruction therefore destroying the market value of your property. If you don`t believe me, talk to someone in Europe where their property often...

MLS has been around for decades. It has been honed and refined over the years. When something has become this efficient and effective it is taken for granted. MLS exists because of the sweat, dedication, countless hours, hard work put in by it`s full time members in good times and in bad...

Do REIN members here believe the BOC rate will migrate back to it`s 10 year average of 5% any time soon? QUOTE (tninvestor @ Mar 21 2010, 11:13 PM) I just went to the TD bank yesterday Mar 20. They offer 5yrs fixed at 3.65%, but the closed variable is only prime - 0.15. If you can get it for...

There are already 2 detailed threads on this topic.<br />Thank you for the update but the full change is that CREA Is allowing agents to charge a flat fee and pass along the sellers information. The flat fee part has been attempted for many years and failedf.<br />QUOTE (RCrein @ Mar 22 2010...

Yes, I totally agree. I don`t see how rates can rise by any significant amount givin the high debt levels most Canadians are in plus the soaring loonie. But if history is any indicator, the average 10 year rate for the BOC is over 5% which is quite reasonable and based on this the 5 year...

Considering the average 10 year Bank of Canada rate is around 5%. Anything below that looks cheap especially if BOC rates shoot up.

I`ve been selling RE since 1985. We are definitely in a bubble. The main reason we averted some sort of correction like the US and the rest of the world is the loosening of credit by way of the introduction of the 35 and 40 year ammortizations. At first banks were almost embarrassed to...

Of course 5% down for principle residences still apply. QUOTE (VicChung @ Feb 18 2010, 05:31 PM) I remember REIN mentioning that the investment community forms only 4% of the buyers which means 96% are homeowners. Do the new rules affect homeowners? If the homeowners are not impacted, then...

Lenders are using the discounted 5 year rates, no biggy. QUOTE (TheVancouverMarket @ Feb 17 2010, 07:24 PM) Too little, too late from Flaherty. But it depends if the 5 year rate banks use is the posted or discount rate. If it`s the discount rate I can`t see it denting people`s ambitions to own...

Speculators simply say they intended to live in the condo etc but changed their mind. Flahrety is out of the loop. Meanwhile I am seeing prices which have gone up 10% in 6 months . QUOTE (JamesB @ Feb 16 2010, 03:26 PM) You can do this quite easily and legaly. Contact Jas Grewal at The...