Thursday, January 03, 2013

Great links from Garth

We are signed up for Garth Chapman's newsletter and get a lot out of it especially regarding financing. Mortgage financing is such a changing environment and with all the new rules there is a lot to consider before you purchase an investment property particularly if you plan to buy more than one partner or intend to have joint venture partners.

Here are a couple of great links:

On Buying a rental property - How the financing game has changed
·         An excellent article describing the essence of the changes in the lending market for those of us seeking mortgages for rental properties.  Buying a rental property? How the financing game has changed

On a more accurate measure of the Housing Market
·         The Teranet–National Bank National Composite House Price Index™ is an independent representation of the rate of change of Canadian single-family home prices. The measurements are based on the property sales records of public land registries, lending accuracy and trustworthiness to the index.  I think this is a much more accurate rendering of the change in values of Canadian homes.  You can sign up for a monthly newsletter here

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