Article courtesy of MCAP. A good way for a borrower – let’s call our borrower Barry – to understand the concept of “amortization” in the context of mortgage repayment is to look forward to a time when the mortgage is fully re-paid. How much is Barry borrowing and how much can he afford to pay… Continue reading Mortgage Amortization – A Common Sense Overview
Month: January 2012
A Picture is Worth 1000 Words
You’ve seen the listings on realtor.ca. The ones with photos that are dark, off-centre, fuzzy, maybe with dirty dishes in the sink…you know what I’m talking about! Some listings don’t have any photos at all!!! Check out Hooked on Houses for a variety of incredibly terrible MLS photos 🙂 You may think that if you… Continue reading A Picture is Worth 1000 Words
10-Year Mortgage Below 4%
The 10-year term in Canada is pretty rare these days (less than 1% of mortgages in Canada have a term 10 years or longer), but a 10-year term below 4% is unheard-of. Or, at least it was until last week. Gone are variable rates with “prime-0.9%” discounts (now they’re hovering right around prime which is… Continue reading 10-Year Mortgage Below 4%
Pushing your boundaries
Last week, I posted about the two types of property registration systems in Ontario. One element of the Land Titles system is that it generally cancels out any possibility of adverse possession, or squatters’ rights, so this week I’m going to delve a little further into what exactly adverse possession is. If you live in… Continue reading Pushing your boundaries
Student Housing in Barrie
There is definitely a stigma attached to student housing. Some investors shy away from that market due to the high turnover rate and the idea that students will damage the property. There’s a new reality, and investors should take note. In Barrie, there has been a lot of discussion surrounding the rentals around Georgian College.… Continue reading Student Housing in Barrie