YOUR CANADIAN MORTGAGE BROKER

January 8, 2010

Ontario Teachers' Pension Plan signed agreement to acquire AIG United Guaranty Mortgage Insurance Company Canada ("UG Canada")

On Tuesday, January 5, 2010, a private Canadian investor group, led by Ontario Teachers' Pension Plan, announced the signing of a definitive agreement to acquire AIG United Guaranty Mortgage Insurance Company Canada ("UG Canada") from American International Group, Inc. The expected closing of this transaction is subject to the fulfillment of customary regulatory approvals; however, we will continue to provide you with important updates and developments as they arise.

For your convenience, a copy of the press release issued by Ontario Teachers' Pension Plan has been included HERE.

 

 

 


BREAKING NEWS

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September 1, 2010
Not that there are a lot of people buying houses these days, but the answer to the age-old question of whether to go long or short on your mortgage is unclear yet again.
August 25, 2010

CALGARY - It's taking Calgarians longer now to sell their homes on the MLS market.

According to preliminary unofficial data on the website of realtor Mike Fotiou, of First Place Realty, so far this month up until Sunday the average days on the market for a single-family home to sell was 52 while it was 53 days for condominiums.

August 17, 2010
Five of Canada's major banks reduced many of their posted mortgage rates by one-tenth of a percentage point, effective today.
August 11, 2010
When investing in real estate, sometimes it’s necessary to look beyond your own backyard. The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it says are the top 10 Canadian cities in which to invest.

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