NormanLane Real Estate | 709-221-SOLD | 323 Freshwater Road St. John's NL A1B 1C3

Category Archives: borrowing

St. John’s is the 4th least expensive city in Canada…

A Grateful Perspective of Real Estate in Newfoundland and Labrador The Real Estate market in St. John’s and surrounding areas have changed over the last few years years, but it shouldn’t scare you from making the move that you want to make. There is no denying we had a pretty good economic run from 2008-2014…
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Buying a home in 2017? It just got more expensive.

It was announced this morning Jan 17th, that the countries national mortgage insurer will be once again raising insuring premiums on March 17th, 2017. (We expect Canada's 2 other mortgage insurers follow suit shortly). While the CMHC passes it of as only about $5 per month, in the case of an average home purchase on…
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Interest rates are on the rise… (thanks Donald Trump)

Over the past few days, I've received many inquiries in my inbox with questions from clients asking what they should do about the real threat of interest rates rising that they are hearing in the media. This question has many different answers, and all can be relevant (or not) to your specific situation. Some people…
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What’s next for home buyers in Newfoundland?

So, after attending a mortgage conference in southern California late last week I was just about to go into "airplane mode" on my mobile and zone out for a few hours on the way home, when I see that Global, The Star, The Globe & Mail and the National Post all had BREAKING NEWS from the Federal…
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BREAKING NEWS: Drastic Mortgage Rule changes affect us all!

On Monday October 4th, Canada's Federal Finance Minister Bill Morneau blind sided the Real Estate and Mortgage Industry with new legislation that is going to have a fairly sizable impact on the National Real Estate Market. As of Oct 17th, 2016 all bets are off...   The big announcement will undeniably affect the most vulnerable,…
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