TD mortgages get harder to get out of
Comment:
TD mortgages just became less appetizing as they are now very difficult to get out of. We do not use them much and now even less.
TD bank overhauls mortgage program
| Wednesday, 13 October 2010 TD bank is redesigning its mortgage program to make it easier for homeowners to tap into their equity and harder for them to switch to another lender when their mortgage renewal comes up. The main difference of the overhaul is a switch to collateral-charge mortgages, which are similar to lines of credit. The bank is encouraging employees to approve customers at 125 per cent of a home’s actual value with certain conditions, so the homeowner can easily borrow more money if the property value increases. Unlike traditional mortgages, collateral mortgages are difficult to transfer from one lender to another because they must be paid in full to be cancelled.Prime to stay the same until March 2011
Rates to stay the same until March 2011
Canada’s homeownership costs continue to climb despite slowing resale activity
Canada's homeownership costs continue to climb despite slowing resale activity
Interesting inside view of the banks and mortgages
Banks hold most of the cards in mortgage game
John Greenwood, Financial Post · Friday, Sept. 17, 2010
To understand the housing market and where it’s headed, it’s a good idea to take a close look at the big banks.
Canada’s economic growth expected to continue in 2010
Canada's economic growth expected to continue in 2010
Fears of Canadian Housing Market Slump Overblown
Fears of Canadian Housing Market Slump Overblown
One in five Calgary companies plan on hiring
One in five Calgary companies plan on hiring
Alberta tops North America in employment growth!
Alberta tops North America in employment growth
3 versions of the home buying future
Comment: CMHC has been dead on for the last 6 years. They call for a soft landing. I believe it.
CCPA says bubble to burst, CD Howe dismisses, CMHC predicts soft landing
Three significant housing reports published yesterday paint very different pictures of the future of Canada’s housing market.
Rate increases on hold for Bank of Canada
Continuing weakness in the U.S. economy may force the Bank of Canada to put interest rate hikes on hold after September,