Federal budget includes new loans to help first-time homebuyers
If Scott Money had been allowed to borrow more from his RRSP for a down payment, the first-time Toronto homebuyer says he and his wife would have stashed a greater…
Market Predictions 2019
Listings have increased by 15% since January of this year. Here are the predictions for 2019 The CREA predicts home sales to rebound slightly (2.1%) from 2018 Royal LePage is expecting a 1.3%…
Why Canadians Really Need to Change Lenders at Mortgage Renewal Time, Especially Now
"Last year marked the beginning of a new era for Canadian households," economists at CIBC declared in a report issued in September. For the first time since the early 1990s,…
New Rule Targets HELOC Holders Seeking a Second Mortgage
Steve Huebl NOVEMBER 8, 2018 The word is out on a little-known policy used to qualify anyone with a HELOC who is applying for additional financing.Several of the Big Six…
Mortgage Renewals
A recent widely published report by CIBC estimated that a record 47% of all Canadian residential mortgages will come up for renewal in 2018. So, should you renew with your…
Mortgage Financing for Self-Employed Clients is Now Easier Than Ever
Self-employed clients may have had a harder time qualifying for a mortgage in the past as their incomes may vary or be less predictable. I have teamed up with several…
In 30 Seconds or Less, Quickly Figure Out How Much You Can Afford to Purchase
Here is a pretty neat way to find out how much you (or your client) will be able to qualify for, and how much you can afford to purchase. …
Rent or Buy: Either Way You’re Paying a Mortgage!
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with…
Mortgage Brokers vs. Banks: The Pros and Cons
If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your…
Affordability: Then and Now
The BoC Still Thinks Canadian Real Estate Is More Affordable Today Than In 2008 July 27, 2018 Source: Better Dwelling Unaffordable real estate? The Government has no idea what you’re…