Cottage Life In Northern Ontario

Northern Ontario is home to the best cottages in Canada.  Sudbury, Bracebridge, Gravenhurst are just some areas in Northern Ontario that have great cottages and outdoor scenery.  Cottages are great for vacation properties and for investment properties.  Whether it be to escape the loudness of the city, enjoy peace and quiet, breath in fresh air, […]

Manulife Financial Posts Real Estate Jobs

Manulife Financial has job positngs for real estate related positions and mortgage positions.  This is a welcomed turn in the job market relating to real estate and real estate financing positions compared to 1-year ago.  Please visit for details of these openings. Posted by Kevin Somnauth, CFA, for your Sudbury Mortgage.

Bank Of Canada Raises Prime Rate…by 25 Basis Points?

The big announcement in finance yesterday, was that the Bank of Canada finally raised their prime rate.  Now although raising the prime rate was not a surprising announcement to the market, the amount they raised it by was.  Economists predict that the Bank Of Canada’s prime rate will be 3.25% by the end of 2010.  […]

Think Default Insurance is for High Ratio Mortgages?

The conventional thought is that default insurance is mainly for high ratio loans (mortgages with a LTV 80% or higher).  However, this is simply not true.  61.7% of insured mortgages with CMHC are for mortgages with a LTV under 80%. Source: (