July 31st, 2014 Mortgage Industry Update Firstly, I'd like to start off this week's update with some inquires I had regarding financing purchases in America. Since it was a common concern this week from a few of my partners, I'd like to address it as a whole as I feel many people would be able to benefit from the answer. From an overall perspective, financing in the States is difficult. American lenders usually do not lend to people who are not American ... Read more

July 24th, 2014 Mortgage Industry Update Interest rates this week remained the same. No major changes were observed and interest rates are likely to remain stable for the month of July. Additionally this week: Some major lenders reduced their lending criteria slightly, allowing a easier borrowing process Royal Lepage reported that a limited supply of single family homes is driving housing prices up The Greater Toronto Area condo market held strong with increased prices and sales Among people who have renewed mortgages during the past year, 54% ... Read more