March News and Rate Advisor
Welcome to the March issue of the News & Rate Advisor.
Source: Bank of Canada
Some of Our Featured Mortgage Rates
|Variable Rate Mortgage||As low as 2.10%|
|3 Year Closed Rate||As low as 2.39%|
|5 Year Closed Rate Mortgage||As low as 2.64%|
|Home Equity Line of Credit (HELOC Up To 80%)||As low as Prime +.50%|
|10 Year Closed Term|| |
As low as 3.84%
Rates and terms subject to change without notice, the above rates are for insureable purchases only, conditions may apply.
4 Smart Reasons to Refinance your Home
Kraft Heinz Co. has laid off 200 white-collar workers in Canada and the United States.
Enbridge Inc. is shedding another 1,000 jobs after its $37-billion takeover of Spectra Energy Corp.
The man behind Freshii restaurants is publicly appealing for a “partnership” with the much bigger Subway organization.
Federal officials were warned over the summer that machines are going to replace more jobs in the workforce in the coming years and that will require a rethink of how government helps the unemployed.
Canada's financial consumer watchdog is launching a review of business practices among the major banks following reports citing unnamed employees who alleged the lenders were signing customers up for services without their consent.
CIBC is increasing its takeover offer for Chicago-based PrivateBancorp by 20 per cent, valuing the U.S. financial services company at about C$6.6 billion.
TD Bank says it is reviewing concerns about its sales practices in light of reports that some employees allegedly broke the law in order to meet sales targets and keep their jobs.
Five people were taken to hospital Thursday morning after an explosion at the Rio Tinto iron and titanium plant in Sorel-Tracy, Que.
Asian stocks are drifting lower on Thursday after a lacklustre performance on Wall Street.
A federal judge in Hawaii decided Wednesday to extend his order blocking U.S. President Donald Trump's travel ban, preventing the government from suspending new visas for people from six Muslim-majority countries and halting the U.S. refugee program.
How to increase your home's value without breaking the bank
Reverse Mortgage Specialist
New to Canada Mortgage Program
The New to Canada Mortgage allows qualified home buyers who have immigrated to Canada from another country, or have been transferred here by an employer, to qualify for mortgage insurance with as little as a 5% down payment.
Quick Details of the program - good credit or no credit history is allowed as this program allows limited Credit history.
- Must be in Canada for less than 5 years
- Must have at least 3 months Canadian employment, no probation
- Must have either a working visa or permanent status (9 SIN allowed, must prove legally allowed to be in Canada)If no credit and 5% DP - alternative sources of credit required (as per high ratio insurer guidelines)
- Working visa minimum 10% down from own sources
- Permanent Status 5% down from own sources
Call me to find out all the program details and if you qualify for this program!
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