Super Brokers News

Rising Trend – First-Time Homebuyers Purchasing Based on Price over Amenities and shirking the Fundamentals Results of the 2011 TD Canada Trust First Time Homebuyers Report showed that nearly half of first-time homebuyers will purchase their property alone. These figures, issued Wednesday, indicated that 57 per cent of men and 33 per cent of women …

Advice on Keeping your Investment Ducks in a Row amid Turbulent Waters While the Globe and Mail reports that stocks this week were pummeled in trading, the paper also reported how one of the country’s top investors is keeping it safe amid an apparent “buyer’s strike”. Frank Mersch, portfolio manager and co-chief investment officer with …

CanEquity Mortgage Sees Rates Drop on all Fixed Terms Despite rumours and majority opinion forecasting rates destined to rise, CanEquity has seen significant mortgage rate drops, as recently as within the last week. While the current variable rate mortgage special is up 5 basis points (or 0.05 per cent) to 2.20 per cent as of …

A recent poll conducted by CIBC/Harris Decima has relayed an interesting message: though the majority (61 per cent) of Canadians believe rates will be higher next year, they are roughly even on whether they would choose a variable or fixed rate mortgage. Of those surveyed, 39 per cent said they would opt for fixed while …

The Canadian Dollar Sees Biggest Daily Drop in Eight Months Side by side with a 7 per cent fall in the S&P/TSX index and a roughly 3.7 per cent decrease in oil prices, the Loonie has slid a full 1.5 cents to the U.S. dollar – the largest slump it’s seen in more than half …

This recession affected countries worldwide; how did their economies adjust prime rate to compensate?

According to recent CAAMP reports, though 55 per cent of mortgage shoppers will start with mortgage brokers, only 27 per cent will also close with them