More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans. Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that...

QUOTE (FraserCampbell @ Jul 13 2010, 02:44 PM) My nephew (22) is moving to Winnipeg in the next couple of weeks for a new job (full-time, permanent) and has asked me for some advice. Since I don`t know much about the Winnipeg market I was hoping some of you might have some suggestions...

Title insurance is just that — insurance. It`s a backup position which can underwrite any resulting losses, but it is not a substitute for the information a survey reveals. Nor is it a substitute for the warnings a survey can provide that something is wrong with the title, such as an encroaching...

Forbes magazine asked Local Market Monitor, a real estate research firm, to examine all 315 Metropolitan Statistical Areas, and identify those where home prices are still at least 10 percent above the point where home prices should be based on economic fundamentals. Many of these locales have...

QUOTE (gwasser @ Apr 29 2010, 05:24 PM) I kind of agree with Adam. Really, what is the impact on us? Maybe we feel a bit less confident but even if the Greek debt was a 120B, that is nothing compared to TARP. So stick to your knitting and hey, maybe this will keep our interest rates a bit lower...

It will be interesting to see how much Canada and the Banks are invested in the PIGS (Portugal, Italy, Greece, Spain). Until now, they (PIGS) were borrowing money that would have to be repaid sometime in the future. But today is the tomorrow they didn’t worry about yesterday. Several countries...

He could try this: You Pay Taxes! But does Your Wealthy Neighbour? The richer he or she is the more likely it is that you are paying more in tax than they do. Assuming that they`re getting competent professional advice of course. But the wealthier your neighbor is the more likely it is that...

Even REIN can get it wrong. In 1995 they were saying SELL in the Vancouver area. Those who didn`t are probably VERY happy the past few years.

QUOTE (VicChung @ Mar 25 2010, 11:40 PM) I would normally issue a notice of eviction the first day the rent is late. Then, start the eviction process within 24 hours if rent is not paid. Be prepared to carry things through. The problem with tenants like that is that once they get away with...

QUOTE (jarrettvaughan @ Mar 23 2010, 10:08 PM) I think it would be very helpful to have a "trip advisor" type system that would allow REIN Members to post companies that they have dealt with and rate them based on a number of factors. This would allow each member to view realtors, property...

QUOTE (RedlineBrett @ Mar 23 2010, 01:15 PM) There won`t ever be a `pay for access only` option to the MLS database. Now you`re psychic?

A decision of the British Columbia Human Rights Tribunal late last year could have an enormous effect on owners and occupants of condominiums and rental apartments ACROSS CANADA in the coming months. http://www.aaron.ca/columns/2010-03-06.htm

QUOTE (gwasser @ Feb 16 2010, 08:18 PM) You mean you`re an empty nester? I am getting there, one kid is gone and one more cell phone account to go (soon I hope). If a kid wants a cellphone, they have to pay for it themselves. It isn`t a life `necessity`. If they`re out and a phone call is that...

QUOTE (ChrisDavies @ Feb 17 2010, 10:52 AM) I did hear that they're going to a 50% rental offset, which will have a real impact on qualifying. What is your source for this info?

QUOTE (gwasser @ Feb 15 2010, 03:44 PM) Has anyone seen his/her monthly smartphone bill lately? Add to that the kids` bills? Wow, I wish I had that kind of cash flow. And the newbies?? Oops, they`re gone! I foresee the same with real estate. The more things change the more they remain the...

If I remember correctly, didn`t the US MLS just go through this same issue? How did that turn out? Are they still in business? Did they take down their website?

QUOTE (gwasser @ Feb 10 2010, 07:22 PM) In fact, you actually can determine how much you pay in commissions. But guess what... you get what you pay for, or better what the seller pays for. The commissions are part of fair market value! So whether you buy with realtor or ala Ron Le Grand, you pay...

QUOTE (gwasser @ Feb 10 2010, 07:22 PM) But with a realtor there is a lot of knowledge about real estate at your side and he/she can help ensure the transaction is done properly. [/font] Ya, 4 weeks worth of knowledge to get their license. That is a lot!

QUOTE (JDaley @ Feb 10 2010, 07:16 PM) I`m simply advocating an adjustment to broker fees that everyone (except relators) agrees are far too high. Just think of all the Sellers whose commission payments pay to buy and build all those large expensive Realtor Board Buildings, CREA property, and...

Contact Trillium Mortgage, they are great to work with and will get you the money you need, as they deal with situations like yours. http://www.trilliummortgage.ca/ phone 416-488-6142