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Canadian Association of Accredited Mortgage Professionals Supports Federal Budget

 

Canada’s Mortgage Industry Welcomes Federal Government’s Decision to Support Home Owners

Ottawa (January 27, 2008) - The Canadian Association of Accredited Mortgage Professionals (CAAMP), representing Canada’s $900 billion mortgage industry, welcomed several announcements contained in the federal budget tabled by Finance Minister Jim Flaherty earlier today.

CAAMP supports three housing announcements that will increase consumer confidence:

1. Temporary home renovation tax credit, up to $1,300 for home renovations and alterations
2. Change in home RRSP plan, with increased withdrawal limit of $25K from $20K
3. A new first time home buyers credit for closing costs that will provide up to $750 in tax relief

During these uncertain times, the measures help to address the concerns of Canadian homeowners. “Today’s budget provides enhanced consumer confidence, especially as it affects housing – the largest investment for most Canadians,” said Jim Murphy, AMP, President and CEO of CAAMP.

The federal government has also announced an increase in the insurance mortgage program to $125 billion and CAAMP welcomes the permanent income tax measures set forth in today’s budget which will increase take home pay, especially for lower and middle income Canadians.

 


Robert May is a proud member of CAAMP and a strong supporter of its programs and initiatives.

 

 

About CAAMP

The Canadian Association of Accredited Mortgage Professionals (CAAMP) is the national association that represents Canada's mortgage industry.

  • Founded in 1994, CAAMP, formerly CIMBL comprises members from all segments of the mortgage industry including lenders, brokers, insurers and other industry professionals
  • CAAMP has over 11,500 members in all ten provinces. CAAMP is one of the fastest growing industry or professional associations in Canada with membership having increased by 60% from 2003 to 2005
  • CAAMP is actively involved in promoting professional development of its members and holds regional conferences and events across Canada
  • CAAMP is the largest and most respected association representing the mortgage industry in Canada and acts as the voice of the industry with government, media and legislators
  • CAAMP's objective is to see the Canadian mortgage industry evolve into full professional status supported by the highest standards of professional service. In early 2004, CAAMP created the Accredited Mortgage Professional (AMP) designation as part of an ongoing commitment to increasing the level of professionalism in the mortgage industry

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    Robert May is a Realtor, as well as the broker and owner of Rainbow Realty of Lethbridge Alberta. He is also a licensed mortgage associate and financing expert with Canada First Mortgage of Calgary Alberta. He has been in the real estate industry since 1993 and offers full MLS real estate services to Lethbridge and surrounding area, as well as mortgage financing, refinancing/renewals, preapprovals, and home equity financing to Lethbridge and Southern Alberta. He can be found online at www.LethbridgeLoans.com

    Let me share my 15 years experience in the local Lethbridge real estate and financing market with you! It is the first step towards making a profitable real estate decision.

     



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    Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years.  He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.




     

     

    Comment balloon 5 commentsRobert May • January 27 2009 08:37PM

    Comments

    Hey Buddy

    Nice Blog, Very informative! Were you in Vancouver at the CAAMP convention and not call me for a coffee? tsk.tsk.tsk

    Be-Safe my Friend

    Dave Cowper

    BCmortgageApproval.com

    Posted by Anonymous about 9 years ago

    Thanks for stopping by my blog and commenting.  Best of luck to ya!

    Posted by Cindy Bryant, "Houston Home Staging Pros" (Redesign Etc. Home Staging) about 9 years ago

    Hey Robert!  Well put together.  Let's hope it kickstarts the spring market!

    Posted by Rick Sergison (Keller Williams Real Estate Associates in the Toronto Area) about 9 years ago

    Robert, it sounds like the CAAMP is a great organization and very professional.  I think we need something like that type here in the US!

    Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

    Regina P. Brown

    Posted by Regina P. Brown, e-Pro Realtor (California Coast & Country Homes, Inc.) about 9 years ago

    With the Canadian Dollar Rising today, now might be a great time for those looking to invest in Arizona, specifically North Scottsdale. I am looking for individuals or small groups of friends and larger investment groups or clubs looking to secure great long term investments in Arizona.  I work with a lot of Canadians and looking to branch out to more!  If you or someone you know is interested, please have them contact me! It's worth a quick forward of info as I might be the perfect person to talk with!

    Matt Horton

    John Hall & Associates

    480-227-3311

    info@thehortonteam.com

    Canadians in Arizona

    Canadians Buying Real Estate in Arizona

    Looking for a smoking deal, Foreclosure, Bank-Owned, short sale? FREE list of all homes directly to your email! CLICK HERE.... or fill out the form at the bottom of this page

    Why am I dedicating this page to Canadians looking for Real Estate in Scottsdale?

    Canadians buying in Arizona made up 60% of my business in
    '08! I know we are donig a great job for our Northern neighbors beceause our clients have referred us to MANY other Canadians buying Primary, Investment and Vacation/2nd homes in Scottsdale, Phoenix and surrounding areas. I have dedicated my time and energy to become a specialist in helping Canadians buy their perfect home here in AZ.

      I take yearly golf trips to Canada with clients & friends. (Kimberly, BC, Radium) and just booked June 9-15th and plan on meeting clients and prospective clients for a few hours in Calgary June 10th!  If you would like to join me, please let me know!!!!

    I have created some important information for Canadians looking to buy in Arizona...For Free.  I hope you use this information whether you use me or not.  Obviously, I would appreciate the opportunity to help you or a group of people invest here.  This is truly the greatest time to purchase in Arizona.  As our city grows to over 10 million in just under 35 years, supply and demand simply dictates prices will increase and a full recovery is eminent....it's just a matter of time.  So read on and take advantage of this useful information!

    Steps for Canadians buying Real Estate in Arizona:

     

    1. Determine what type of property you want-  Do you want a turn key condo?  A maintenance-free home? Considered loft/urban living?  Many people change their mind, so think about your ideal place.  It's ok not to know exactly...That is what I am here for!

    2.  GET A TAX ID OR SSN- If you read just one thing, this is the one to read!  If you are Canadian moving to Arizona and DON'T have a TAX ID/SSN and have to sell, you will surrender 10% of your PURCHASE PRICE (Not Gain) to the US Government!  It's actually very easy to set up and the first thing you should do is go to http://www.irs.gov/pub/irs-pdf/fw9.pdf  Consult your tax attorney/CPA also!  I'll go more into that later....

    3. Criteria- Really think about this because you will have more people visiting you than you think! Everyone will want to use your place!  Family? Friends? Think about bedrooms/baths size, levels, proximity to golf/airport/restaurants and of course price. (if you are unfamiliar with the area, call me and I'll send you a map, talk about locations, etc.)

    3. Who's Buying? Determine if you are buying alone or going in with others.  I have many clients that have combined their investment to capitalize on the best home with the largest discounts and greatest possible ROI.

    4. Financing-Most of my clients are cash buyers or financing in Canada.  I know most of you have huge equity in your homes since your market has gone up recently.  Be smart about it and if makes, sense do it. I do have lenders here that are specialists in Foreign National programs. 

    5.  Get listings sent to your email-   The only way to really understand the market is to receive listings that match your criteria.  The best way is to actually visit!  Plan a trip. Many of you are coming down anyway, so wrap some searching into it. 

    Step 6-12-
    Fill out the form and we can go through the rest.  I am not trying to"trick" you into filling out the form. If you don't want to...don't.  I don't like to be sold or have some pushy person hound me.  I'm here to help you make an investment. The truth is that I am a busy. I don't have the time or inclination to chase business by hounding someone. Those who work with me receive the best service, communication, and experience!  Those who don't want the very best.... that's ok too.

    All I ask is that you understand a simple fact. Every single Canadian client has referred me at least 1 friend/family/business associate. There is a reason. It's because I am laid-back but professional.  Easy to talk to but stern in my negotiations.  Bottom line is that I know my business and it's taken years and years to develop;  I am not bragging but very proud because it separates me from other Realtors.

    So, fill out the form.  I'll set you up on a free search and you'll get them automatically sent to your email.  Is that as fair and honest? If so, get started!  Matt Horton  480-227-3311 

    Posted by Matt Horton, North Scottsdale Real Estate (Realty One Group- The Horton Team) over 8 years ago

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