Sunday
May 20, 2012
1 Year Closed : 2.75 %
3 Year Closed : 2.99 %
5 Year Closed : 3.29 %
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News
TMG Founders win prestigious award - Tuesday, May 08, 2012
Debbie and Grant Thomas, co-founders of TMG The Mortgage Group have been honoured with The Mortgage Broker Association of British Columbia (MBABC) 2012 Pioneer Award for Lifetime Achievement.The Pioneer Award is awarded to individuals who have demonstrated leadership as a member of the MBABC and promoted the mortgage brokerage industry throughout B ...
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Bank of Canada maintains overnight rate target at 1 per cent - Tuesday, April 17, 2012
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.The profile for global economic growth has improved since the Bank released its January Monetary Policy Report (MPR). Europe is expected to emerge slowly from ...
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When is a good time to buy a house? - Friday, April 13, 2012
A recent RBC survey found that Canadians are conflicted about whether to purchase a home this year. While a majority believes it is the right time, more than 70 per cent say they will hold off.The likely reason is, again, conflicting messages in the media. Headlines warn that Canadians are still taking on too much debt; that the condo market in Tor ...
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Should you lock in to the 10-year rate? - Thursday, March 29, 2012
Canadian mortgage holders and new home buyers have enjoyed a long period of low interest rates. Those rates are now rumoured to be going to go up - perhaps not in a dramatic way, but in small increments. Naturally, homeowners with variable-rate mortgages want to know if they should lock into a fixed rate. The most common question, historically, is ...
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Canadian home sales edge higher in February - Thursday, March 15, 2012
Following is the text of the national resale housing activity from the Canadian Real Estate Association (CREA). According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity improved in February 2012 after having declined in January. Highlights:Home sales rose 1.4% from Janu ...
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Real Estate: Be ready for "what if's" at home - Thursday, March 01, 2012
Keeping up with mortgage payments is an important part of home ownership, in addition to property taxes, insurance and maintenance. But what happens if your roof suddenly needs replacing, the foundation springs a big leak or the furnace gives out in the middle of a cold snap?Your mortgage can be structured to deal with such unexpected home expenses ...
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CMHC funding cap means changes coming - Monday, February 27, 2012
The Canada Mortgage and Housing Corporation (CMHC) recently announced that it was within 10% of reaching its mortgage $600 billion funding cap. A number of lenders immediately reacted by restricting or eliminating their Business for Self and Stated Income programs. A few also tightened their guidelines for New to Canada programs.It ...
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Mortgage Fraud on the Rise - Tuesday, February 21, 2012
MONTREAL - Consumer credit company Equifax uncovered roughly $400-million worth of mortgage fraud in Canada last year, an "eyeopening" number industry experts estimate represents only a fraction of the cheating taking place in the country's real estate market.Atlanta-based Equifax says many financial institutio ...
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Survey results good news for mortgage industry - Friday, February 10, 2012
A recent study of a representative sample of Canadians conducted by TNS Canada for TMG The Mortgage Group found that 66% of homeowners currently have a mortgage on their principle residence. Of those, 22% are planning to renovate in the next 12 months using their home equity and will likely use the services of a mortgage broker.The survey als ...
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Are low fixed rates here to stay? - Friday, February 03, 2012
Fixed rates are at an all-time low and will likely stay low for some time to come. Some analysts predict that rates will remain stable through 2012 and perhaps well into 2013. Avery Shenfield, economist with CIBC wrote recently that current low fixed rates and the state of the bond market with low yields may become the norm. With the North Am ...
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Study Shows Renters Could Drive 12% Increase in Homeownership In Next Two Years - Tuesday, January 31, 2012
Renters' strength and quality differentiate Canadians from US: expertVancouver, BC - In a recent online study conducted by TNS Canada for TMG The Mortgage Group Canada, results showed just under one third of Canadian renters are planning to buy real estate within the next 2 yea ...
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Good News for Brokers - Monday, January 30, 2012
A new survey commissioned by TMG is giving brokers a shot in the arm, suggesting almost a third of today's renters are planning to become homeowners in the next two years - most with the help of a mortgage broker. "That's a large pool of potential buyers poised to have a significant impact on real estate sales and the mortgage industry ...
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Three new appointments at TMG - Friday, January 06, 2012
In keeping with TMG The Mortgage Group's philosophy of promoting from within, we are pleased to announce the promotions for the following regional leaders effective January 1, 2012:
Bud Jorgenson, Vice-President, Prairie Region; Gord Appel, Vice-President, Alberta Region;Gerald Krahn, Vice-President, Ontario Region.
Not only ...
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TMG promotes from within - Thursday, January 05, 2012
TMG The Mortgage Group is moving three of its regional leaders up the corporate ladder, billing the move as in keeping with its philosophy of promoting from within. Effective Jan.1, 2012, Bud Jorgenson assumed the position of VP for the Prairie Region; Gord Appel, VP, Alberta Region; and Gerald Krahn, Ontario Region.
"These three have already ...
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CMHC agreeing with brokers? - Tuesday, January 03, 2012
A new report is backing up a broker beef, confirming consumer credit card debt has significantly outpaced mortgage growth. "Consumer credit, which makes up the remainder of household debt, grew at a faster rate than mortgage debt in the last two decades," reads the 2011 Canadian Housing Observer, a comprehensive CMHC report on the state of Can ...
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