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February 2010 - Posts

Ottawa toughens mortgage rules
This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. The changes are as follows: - All borrowers must meet the standards for a five-year fixed rate mortgage Read More...
Jan brings a welcome increase in inventory
Don't get too alarmed or excited when you hear in the media that Jan sales were up 39%. In reality, sales were down 29% compared to the historical average for Jan. . Despite the increase in inventory, it's still only 62% of last year's level, Read More...