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Mortgage Bytes

  • U.S. existing home sales will slide 4.6% this year, to 6.2 million, says the National Association of Realtors.  More importantly, median home prices could drop for the first time since the 1960s.  Thunder Bay Chronicle Journal Story
  • Toronto Real Estate Blog has a good article on demand outpacing supply in the cottage real estate market. Among other notable points, a typical Canadian waterfront, land access property increased 13 per cent in the past year.
  • offers a handy calculator to help you decide whether to pay down your mortgage or invest in your RRSP.
  • Alternative mortgage lender Abode Mortgage is PMI Canada’s first mortgage insurance customer.  Abode says PMI’s insurance and securitization services will help expand Abode’s product offerings.  Press Release