Part Two: Financing a home purchase – what are your options? Last week we began our in-depth look at financing a home purchase. In part two, we go into the myriad of options available to a…
Part One: Financing a home purchase – what are your options? Buying a home is often the biggest decision we ever make and the cost of it is usually the most crucial factor in that decision….
Canada’s new Federal First-Time Home Buyer Incentive The Federal government last week announced details of its planned First-Time Home Buyer Incentive, which is aimed at helping first-time buyers get a foot on…
A Quick Guide to Mortgage Pre-Approval Mortgage pre-approval is often talked about when buying a home and is sometimes a necessity before making an offer on a property. But what is…
Finance Canada Unveils New Measures to Protect Home Buyers OTTAWA – Just eight months after announcing a higher minimum down payment for properties with an asking price of more than $500,000, Finance Minister Bill…
Market Update: CMHC Ups Required Down Payment for High-Worth Homes TORONTO – Thanks to a new mortgage insurance change introduced by the Canada Mortgage and Housing Corporation (CMHC), Canadians looking to buy a high-value property…
Mortgage Primes Lowered as Bank of Canada Trims Overnight Rate TORONTO – Mortgage-seeking Canadians caught a bit of a break on July 15, as the Bank of Canada announced it was lowering its overnight rate…
CMHC to Increase Insurance Premiums for Some Mortgages TORONTO – Effective June 1, 2015, home buyers planning to shell out a down-payment of 10 per cent or less will be facing slightly higher…
BoC’s Key Interest Cut Spurs Banks to Lower Prime Rates EDITOR’S NOTE: This article, originally published on January 27th, was updated on January 28th to reflect new developments in this ongoing story. TORONTO – For Canadian…
CMHC Eliminates Two Mortgage Insurance Programs OTTAWA – Some Canadians may have a harder time insuring their mortgages from June forward, as the Canada Mortgage and Housing Corporation (CMHC) is moving…
