Archive for February, 2010
Balance in the Canadian Housing Market?
There was an interesting article written by The Canadian Press (posted February 17, 2010) regarding the Canadian real estate market. Victoria, Vancouver Island & BC are different ‘cups of tea’, but I certainly think that our market IS becoming more balanced and that anticipated, and coming, changes in ‘qualification criteria’ for ‘insured’ mortgages will actually assist in stabilizing our market.
The HST will certainly impact sales of homes priced at the mid – high end of our marketplace, but should not slow ‘entry level’ sales. Entry level sales inevitably drive the rest of the market so….. I am cautiously optimistic regarding our real estate market!
My thoughts on when / how higher interest rates will affect us is another matter… for another day.
TGIF… Go Canada!
Walt
Video: What is a Foreclosure? – Mortgage Investment Corporations
Rory Campbell and Walt Neufeld explain what is a foreclosure and how it is used to protect mortgage investments in Mortgage Investment Corporations.
Video: Who Borrows from a Mortgage Investment Corporation and Are the Rates Higher?
Walt Neufeld answers the question, “Who Borrows from a Mortgage Investment Corporation (MIC)?”. He also discusses the rates for borrowers and explains why the rates may be higher.
Video: Information about Mortgage Investment Corporations – Fine Print, Dividends & Redeeming Funds
Jeffery Moses discusses the fine print of Mortgage Investment Corporations (MICs). He also talks about how investors redeem their MIC funds and how Great Pacific distributes MIC dividends.
Video: What are the Average Yields Earned by Great Pacific MIC Funds?
Rory Campbell and Jeffery Moses discuss the current and historical yields of the MIC funds they manage. Investing in MICs is not like investing in stocks. It is a slow process of getting rich.
