Sterling Wong's (xpxdotca) Blog

First lets take a look at what exact they do.  A mortgage broker(or consultant/specialist) is an independent agent, an intermediary between you the consumer and the mortgage lender. The mortgage consultant will shop the available lenders to find the mortgage product that offers the best combinat...

FOR IMMEDIATE RELEASE TORONTO STARTS HIGHER IN MAY TORONTO, JUNE 8, 2007-The Canada Mortgage and Housing Corporation (CMHC) has released preliminary housing starts data for May 2007. The seasonally-adjusted annual rate (SAAR) of starts increased to 38,000 compared to 32,500 in April. A higher ann...

FOR IMMEDIATE RELEASE ONTARIO RENTAL VACANCY RATES ARE AT HIGH LEVELS IN 2007 Highlights:• Ontario vacancy rates are at historically high levels.• Vacancy rates highest for bachelor units.• Vacancy rates exceed provincial average in Windsor, Thunder Bay, Hamilton and St.Catharines-Niagara.• Vacan...

Mortgage rates climb to five-year record LORI MCLEOD REAL ESTATE REPORTER June 14, 2007 A flurry of increases in the past month has sent Canadian mortgage rates to their highest level in more than five years, and consumers shouldn't expect a return to the low interest rates they enjoyed in the fi...

Low mortgage, high debt But the good news is that sub-prime lending in the U.S. hasn't -- and won't -- hit Canada By LINDA LEATHERDALE, MONEY EDITOR I remember being sneered at when, at a real estate forum, I warned subprime lending could be a train wreck waiting to happen. What I worried about w...