Jim Flaherty moves to slow down Canada's Housing market

Now couldn’t be a better time to call Metro City Mortgages…

 The Canadian Association of Accredited Mortgage Professionals (CAAMP) has released their

 Annual State of the Residential Mortgage Market in Canada Report and the findings are a little staggering…   “the changes to mortgage insurance criteria are unnecessarily jeopardizing the health of Canada’s housing markets and the broader economy.”  as stated by CAAMP chief economist Will Dunning, and notes that the opinions he expresses are his own “and are strongly felt.”

The Globe and Mail posted an article (see link below) that states “The CAAMP report suggests that more than 16 per cent of the high-ratio borrowers (that is, those with a down payment of less than 20 per cent) who obtained a mortgage in 2010 would no longer qualify if they had sought that same mortgage under today’s rules.”

http://www.theglobeandmail.com/report-on-business/economy/housing/flahertys-rule-changes-will-bite-hard-mortgage-brokers/article5410889/

Seeing these statistics and how they may affect you, now is the time to call Metro City Mortgages!  We will help you determine if your mortgage is working for you and assist you with your goals for financial freedom.  If  home ownership is in your future, allow Metro City Mortgages to guide you through the process every step of the way! 

Call us today, can you afford to wait?

Do you have a Christmas budget?

 1 In 5 say they won’t have a Christmas budget??

 

The year is winding down and the holiday season is rapidly approaching.  With upcoming parties, family gatherings, work functions, children’s school events and the inevitable holiday shopping, now might be the time to complete a mini financial review.  Consider the five financial tips to do before the year ends in the link below, published in the Globe and Mail recently, and determine if now is a good time to set your Christmas budget. 

http://www.theglobeandmail.com/globe-investor/personal-finance/financial-road-map/five-financial-tasks-to-do-before-ringing-in-2013/article4935501/

Additional links within the article also remind you to make sure you keep your financial plans ahead of the hustle and bustle of holiday spending. And remember that the holiday season has a way of turning otherwise rational shoppers into over-spenders who have a hard time saying “no” to $65 tins of peanut brittle.  Enjoy the holiday season knowing that you have set your parameters and will stick to it!  (and also enjoy this recipe for homemade peanut brittle… excellent way to stretch your dollar!)

Metro City Mortgages is here to help with financial assistance and recommendations to aid in keeping you financially fit!  Call us today, can you afford to wait?