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About Mortgage LogicFinding the right mortgage for your circumstances is important to us. As Accredited Mortgage Professionals (AMP) we offer the highest level of integrity, customer service and industry knowledge.
- The National Association of Realtors (U.S.) reported that Canadians spent US$2.2-billion on Florida real estate in 2013. This makes Canada the state’s No. 1 international buyer of real estate for the seventh consecutive year. Canadians comprised 31.6% of all international purchases in Florida. 89% of Canadians pay cash for their property purchases. Half of all Canadian buyers spent less than US$200,000. 16% of Canadians paid more than $400,000 for their Florida homes. The UK ranked a distant second, accounting for… Read More
- Today the Bank of Canada (BoC) announced that they will not adjust their Key overnight lending rate (1%) which directly affects the Prime rate (3%) used by major Canadian FI's. 2014 year has seen a Canadian dollar continue to weaken to the US dollar. The Canadian dollar is trading near $0.91 USD . The US Dollar has been gaining strength as the US economy has climbed out of the worst recession since the 1930’s. Five years after near economic… Read More
- The Bank of Canada has again decided to keep their key overnight lending rate unchanged. This, despite the fact that inflation (CPI) has moved closer to the 2% target. The Bank's key rate directly influences the Prime rate which is the index rate used for floating/variable rate lending. There continues to be no reason for variable rate mortgage holders to have concern, at least for the foreseeable future. The last time that the Prime rate of interest changed was September 2010. Core… Read More