As part of its commitment to understanding perceptions about the Canadian mortgage industry, CAAMP (Canadian Association of Accredited Mortgage Professionals) surveyed both consumers and industry members this past fall. I thought it might be interesting to look at some of the results of that survey (my comments in italics). Canadians have approximately 68% equity in… Continue reading Consumer and Industry Perceptions
Month: January 2012
Land Titles vs. Land Registry
Ontario has two types of property registration: Land Titles and Land Registry. Parts of the province, particularly in the north, have always been in the Land Titles system, while the majority of the rest of Ontario has been in the Land Registry System. The Land Registry system in Ontario dates back to the late 1700s,… Continue reading Land Titles vs. Land Registry
Facing Multiple Offers
First, let’s define a multiple offer. It is a situation in which more than one buyer is interested in a property and offers the seller an Agreement of Purchase and Sale which includes price, inclusions, terms, closing date, conditions, etc. Working with multiple offers is a very emotional process for both buyers and sellers, but… Continue reading Facing Multiple Offers
The Best Mortgage Rate is Not Always the Best Option
In the mortgage world, there’s always a lot of talk about rate. What’s the current best 5-year rate? What’s the best rate I can get? What’s the best rate you offer? While rate is definitely an important part of the mortgage equasion (and we discussed a while back why term is also important), sometimes the… Continue reading The Best Mortgage Rate is Not Always the Best Option
Happy New Year!
Welcome to 2012! The authors here at BarrieRealEstateTalk.ca would like to wish you a Happy New Year. We look forward to bringing you more insightful, original real estate talk again starting next week. Have any questions or topics you’d like us to cover this year? Let us know in the comments below! TimTim is a… Continue reading Happy New Year!