Yesterday, the federal government published a ‘Mortgage Prepayment Code‘ which basically guides all (federally regulated) lenders how they communicate the IRD (Interest Rate Differential) to borrowers. Yay! This has been a long time coming. For years, banks and lenders have been obscuring penalty descriptions with vague, complicated formulas for calculating prepayment charges. A link to… Continue reading Government Releases a ‘Mortgage Prepayment Code’
Month: March 2012
Barrie 5th Fastest Growing CMA in Ontario
Courtesy of Invest Barrie Newsletter Statistics Canada: Barrie 5th Fastest Growing CMA in Ontario On Wednesday February 8th, Statistics Canada released their latest numbers for population and dwelling counts from the 2011 census. Canada as a whole has a higher growth rate than any other G8 country with a current population of 33.5 million. Ontario… Continue reading Barrie 5th Fastest Growing CMA in Ontario