The Federal Government announced that effective April 19th significant changes will take place to mortgage qualification. Some of these changes have been published, while others are being slid into effect without the publics' knowledge. The changes being made a ...

Paula Seimens of The Siemens Group-Invis wrote in her February 16th, 2010 Newsletter:




Jim Flaherty announced today that Effective April 19, 2010 buyers will have to qualify under this set of guidelines:

• any borrower arranging a mortgage less than 5 yrs in term or a variable rate mortgage must be qualified as if they are taking a 5 yr term. This is not clear as to whether there w ...

Great news!!! We are finally seeing variable rate mortgages priced below prime. We have not seen any mortgage even close to prime for the past 12 months. In September 2008 we had rates as low as prime -.60% which quickly changed to prime and then to prime + 1% by the end of the first week in October.

We hope that this downward trend in the variable rate market will continue into spring 2010. ...

Real this Informational Letter just received from from Paula Siemens - AMP of Invis-Siemens Group Regarding:

Federal Budget Announcements!!!

Today the Federal Government released their budget. Here are some highlights that are good news for homebuyers.

· Temporary home renovations tax credit of up to $1,350 for eligible home renovations and alterations

· Increase in the home buye ...

Here is today's financial up-date from Paula Siemens AMP of INVIS - SIEMENS GROUP

January 20, 2009

The Bank of Canada announced that their overnight rate is being reduced by .50bps to 1.50%. If the major financial institutions follow this move prime will be 3%. There is some suggestion that we will not see immediate changes by the lenders due to their cost of funds through deposits and the ...

Just received this newsletter from Paula Siemens of Invis-Siemens Mortgage Group:

Good News!

Bank of Canada Rates - Big Reduction!

Wow the Bank of Canada made an aggressive rate reduction of .75% today, citing that continued global economic slowdown and recent unemployment figures definitely means a recession for Canada.

This rate reduction will bring down variable rat ...

This morning I received this informative newsletter from Paula Siemens -AMP

Good Morning,

The Bank of Canada left the overnight rate unchanged - which caught 1/2 of the market off guard.

There has recently been a divide between the economist camps, with 1/2 of the economists suggesting that the Bank of Canada should leave the overnight rate as is, and the other 1/2 expecting a .25% drop.

The reason for the Bank of Canada leaving the rate unchanged is due to inflat ...