Mortgage Financing for Artscape Triangle Lofts
Artscape Triangle Lofts is a very unique condominium development. It has been created with the specific purpose of preserving important artist work/live space in the Queen West Triangle. Artscape Triangle Lofts includes a mix of affordable rental units for professional artists as well as below-market ownership units for artists and non-profit arts professionals. I ...
Bank of Canada Rises Prime Rate -september 8th 2010
Today the Bank of Canada announced that it is raising the prime rate by one-quarter of a percent for the third time in a row. The bank has observed that economic recovery is continuing to move forward but is improving much more slowly than anticipated. Despite the lackluster economic data the bank still increased ...
Monday Mortgage Review for August 30th 2010
2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Sept 30th) 2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.70 3 Year Variable P-.65 5 Year Variable Prime Rate is currently 2.75%. Bank of Canada Qualifying rate has dropped to 5.39%. NOTE: Rates are subject ...
Si Espresso Bar & an Offer I Could Refuse
Last week I went to one of my favorite local coffee shops, Si Espresso Bar on Broadview at Danforth. My friend and owner Egidio (“Edge” for short) served me up one of his authentic Italian espresso shots to kick start my day as the warm morning sun shone through the large front windows and ...
Monday Interest Rate Review August 23rd 2010
Mortgage interest rates continue to stay low as weak numbers indicate that we are still far from full economic recovery. Rates are always changing and it’s hard for a borrower to explore and shop the entire market to ensure that they are getting the right product and best rate. Mortgage brokers are people who ...
What Is a Conventional Mortgage?
As a Toronto mortgage broker it’s important for me to remember that there is mortgage jargon and terminology that my audience may not be familiar with. When I work with clients I try and make the experience as educational as possible and I always make an effort to step back and explain mortgage terms ...