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 A company can only measure its success by the client experience it provides. When you have as many happy clients as we do, you can consider yourself successful. We, at progressive mortgages, know that true business success is only reached when we have progressively filled all of our clients needs.
A mortgage to fulfill your dreams is only a phone call away.
Across Canada, there is no one more qualified to turn to for your mortgage needs. Our Staff is professionally trained and licensed. They have a rich understanding of and deep familiarity with the regional markets.
Call us today to see how we can help you progress your needs into borrowing success.
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COMPANY NEWS & EVENTS |
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Toronto job growth depends on developing more downtown office space |
TORONTO, Sept. 21, 2011 /CNW/ - The City of Toronto is reaching a tipping point where it may no longer be able to accommodate the thousands of new jobs projected to be destined for the city, according to a report prepared for the Toronto Office Coalition (TOC) by the Canadian Urban Institute (CUI) and Real Estate Search Corporation (RESC).
09-26-2011 15:26 More...
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Banking watchdog boosts scrutiny of consumer loans |
Canada’s banking regulator is increasing its scrutiny of loans made to consumers especially mortgages.
Amid rising concern about record household debt levels, the Office of the Superintendent of Financial Institutions is “stepping in to increase [its] monitoring” of consumer loans made by the major banks, said the head of the organization.
09-26-2011 15:26 More...
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New Mortgage Rules |
Changes made to mortgage industry today are as follows:
Federal Finance Minister Jim Flaherty announced today 3 main changes:
1) The maximum number of years the government will back a mortgage was lowered from 35 to 30.
2) The max that Canadians can refi their home was lowered from 90 per cent to 85 per cent.
3) Government insurance backing on home equity lines of credit, or HELOCs, has been removed.
1) & 2) are straight forward.
3) means Heloc's will not be insured if the Loan-to-Value exceeds 80%.
There was a proposal that would have required 100 per cent of condo fees to be included in GST & TDS however, the current rule of 50 per cent remains.
Keeping you informed!
01-17-2011 11:05 More...
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Financial Update |
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.
12-07-2010 15:40 More...
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New Mortgage Guidelines that are effective as of April 19, 2010 |
High Ratio Mortgages (80% LTV and UP)
1. Qualify variable rate (all terms) on 5 year Bank of Canada rate 6.25% (today)
2. Qualify the 1 to 4 year fixed rate on 5 year Bank of Canada rate 6.25%
3. Qualify for a 5 year fixed rate by using the Lenders discounted rate (eg. 4.54% street capital rate)
(only on 5 year fixed rate you do not have to use the Bank of Canada rate).
04-27-2010 15:08 More...
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February Housing Activity Report |
Housing activity picked up speed last month, topping expectations as builders broke ground on condominiums and other multiple-unit dwellings.
03-09-2010 10:12 More...
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Canada/U.S.A Financial Rates |
Welcome to the January issue of CAAMP Stats. We wish all CAAMP members a happy, healthy and prosperous 2009!
Bank of Canada Interest Rate
October 21, 2008 2.25%
December 9, 2008 1.50%
January 20, 2009 Next meeting date 1.00%
01-23-2009 13:16 More...
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News Archives
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