Month: November 2012

Alarming

Many more people these days have alarm systems. These systems, like a hot water heater, are often rentals that are to be assumed by the buyer of the home. Be careful, however: sometimes they have particular rules about assumption, and sometimes the buyer will not want to assume them. When in doubt, spell it out… Continue reading Alarming

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Categorized as Law Day

The CAAMP 2012 Mortgage Forum

Right now in Vancouver, BC, the annual CAAMP (Canadian Association of Accredited Mortgage Professionals) mortgage forum is taking place.  It’s the annual “big event” in the Canadian mortgage industry where mortgage brokers, lenders and everyone involved in the Canadian mortgage industry get together to connect with each other and “talk shop.” If you’re so inclined,… Continue reading The CAAMP 2012 Mortgage Forum

Getting credit

If you are a first-time buyer, you are eligible for tax credits for costs associated with buying your first home. Items like legal fees, land transfer tax, and other costs associated with buying your home are open for a claim on your income taxes the following year. Keep those receipts! CesiaCesia is a real estate… Continue reading Getting credit

CAAMP Releases Annual Consumer Survey Report

Today, CAAMP released its fall consumer report, Annual State of the Residential Mortgage Market in Canada. The report indicates that the majority of Canadian homeowners are still comfortable with their mortgage debt levels; however, it also identifies weaknesses in the mortgage market that could affect Canada’s economic recovery. Here are some of the significant/interesting stats… Continue reading CAAMP Releases Annual Consumer Survey Report