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Don Merrifield Jr. ABR

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Canadian Housing Affordability
C ANADIAN HOMEOWNERSHIP COSTS EASE FOR SECOND CONSECUTIVE QUARTER: RBC ECONOMICS TORONTO, Feb. 24 /CNW/ - Canada's housing affordability continued to improve in the fourth quarter of 2010, thanks in part to slight decreases in five-year fixed mortgage Read More...

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New Mortgage Rules
The Federal Government has made changes to Mortgage Financing rules for Government insured mortgages. Amortization periods have been reduced to a maximum of 30 years from 35. Homeowners will now only be able to refinance their homes to a maximum of 85% Read More...

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Proposed New Mortgage Approval Rules For Condo Buyers
The Federal Government is proposing new rules that will make it much more difficult for condo buyers to qualify for financing. Currently when applying for financing 50% of the condo fees have to be added to monthly debt. Under the new proposal 100% of Read More...

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RE/MAX Housing Outlook 2011
Hello everyone. I hope your holidays went well. After a tough economy in 2010 I hope we all have a better year in 2011. Below is a video from RE/MAX concerning the housing outlook for 2011. Have a look and if you have any questions feel free to contact Read More...

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Bank of Canada Raises Interest Rates
The Bank of Canada raised it's prime rate .25% today to 1%. This may result in higher mortgage rates depending on what the banks decide to do. The Bank of Montreal had just lowered it's 5 year rate, so we'll see today or tomorrow what they Read More...

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CMHC Housing Starts Report June
Housing Starts Increase in June OTTAWA, July 9, 2009 — The seasonally adjusted annual rate 1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “The Read More...

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Windsor Real Estate Stats for June 2009
Total listings for the month of June were 1062 that's a 12% decrease over June of last year. Sales were 542 for the month which is a 8% increase over June of last year. This has been the first positive month in over a year. The 20% spread between Read More...

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Mortgage Rates
Best mortgage rates my partners at Equity Plus Mortgages are getting are 3.59% on a quick close 5 year mortgage. If you're even thinking of buying a property go to the links section in my website and fill out an on line mortgage application to get Read More...

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Bank Of Canada Lowers Prime Rate .5%
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating Read More...

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Realtor Call On Federal Government to Stimulate Housing Market
REALTORS® call on federal government to stimulate housing market Published January 15, 2009 CREA The Canadian Real Estate Association is calling on the federal government to include several housing initiatives in the upcoming budget. The association Read More...

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CREA Mls Statistics for December 2008
MLS® home sales hit eight-year December (monthly) low Published January 15, 2009 CREA The number of properties sold via the MLS® systems of real estate boards in Canada edged down further in December 2008 to reach the lowest level for the month Read More...

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Canadian Housing Outlook 2009
Threat of global recession to hinder home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX Recovery linked to economic stability next year Global economic uncertainty weighed heavily on residential real estate activity in most major Read More...

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