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So far iToolPro has created 97 blog entries.

More homeowners opting for long amortization

Canadians are taking longer to pay off their mortgages but don’t expect it to affect their retirement plans. A new study from the Canadian Association of Accredited Mortgage Professionals (CAAMP) showed 42 per cent of new mortgages in the last year went for an amortization period of more than 25 years. Five years ago, you [...]

By | November 15th, 2010|Uncategorized|122 Comments

Canadians handling mortgage debt well

Jameson Berkow, Financial Post · Sunday, Nov. 7, 2010 Canadian homeowners are handling their mortgage debt so well they could handle paying more each month, according to a report released Monday by the Canadian Association of Accredited Mortgage Professionals. Its sixth annual report on residential mortgges found the vast majority of mortgage-holding Canadians (84%) could [...]

By | November 9th, 2010|Uncategorized|161 Comments

7 things to know about buying a resale condo

by Mark Weisleder A condominium is like a small town. It has a board of directors made up of its residents much like a local council, it has rules, restrictions, bylaws and even fines for misbehavior. The condo across the street that looks the same, but it may be a completely different community. That’s why [...]

By | November 8th, 2010|Uncategorized|1 Comment

The reverse mortgage quandary

The reverse mortgage quandary JOHN HEINZL From Monday's Globe and Mail On the surface, reverse mortgages seem like the ideal solution for cash-strapped seniors. You can tap the equity in your home, you don’t have to make any interest or principal payments, and the mortgage only comes due when you die, sell your house or [...]

By | November 2nd, 2010|Uncategorized|49 Comments

Help with choosing the right mortgage

The Financial Consumer Agency of Canada has launched an ad campaign to show consumers where they can get the most pertinent info necessary to pick the right mortgage. The campaign is designed to promote the agency's new website - moneytools.ca. Not only does the website feature a number of tools to help you determine if [...]

By | November 1st, 2010|Uncategorized|117 Comments

Multi-family homes boost construction in Edmonton

| Monday, 25 October 2010 An increase in apartment construction boosted Edmonton’s overall residential housing industry in September. Apartment starts increased to 209 units, up from just 21 for the same month a year ago, and made up the bulk of the 375 multi-family housing starts, reported by the Canada Mortgage and Housing Corporation (CMHC). [...]

By | October 26th, 2010|Uncategorized|122 Comments

Own home affordable to most

By Anna Vozza, The Windsor Star Many people are often surprised to learn that the costs of owning a home can be substantially lower or comparable to those of renting. There are also many financing options and a wide variety of choices that can make owning a home more affordable for first-time buyers. Before you [...]

By | October 21st, 2010|Uncategorized|154 Comments

TD Mortgages To Become Collateral Charges

TD is making a big change with respect to how it registers its mortgages. Effective October 18, all new TD mortgages will be registered as “collateral charges.” On Friday, TD further explained the logic behind its controversial across-the-board switch to collateral charge mortgages. TD says it instituted collateral charges on its entire product line, in [...]

By | October 20th, 2010|Uncategorized|203 Comments

MacLean’s tackles mortgage fraud

Before the subprime crisis and the following global economic collapse, mortgage fraud was the topic that was on everyone’s mind – or at least those in the real estate and mortgage industries. It’s a huge, complex issue – and one that is taking its toll on the mortgage industry as well as real estate markets [...]

By | October 18th, 2010|Uncategorized|40 Comments