What are the risky housing markets in Canada? Is yours one of them? The CMHC has identified the top risky regions in a recent report. Read on for our breakdown.
The CMHC is the biggest provider of mortgage insurance in Canada, but recent efforts have focused on reducing their involvement with high-risk mortgages. The Crown Corporation reported $14-billion decline in insured mortgages in their 2014 annual report. Great news for taxpayers – but what does that mean for prospective borrowers?
For many Canadians, affording a second baby – and moving to a home with more space for their growing family – is a big challenge. In Canada’s hottest housing markets, buying a larger home isn’t always possible – but you do have options.
Are you a savvy home buyer… Or do you have your head in the sand? Despite the gravity Canadians place on home ownership (92% felt it’s an important life milestone in our recent survey), a surprisingly large number of us are still unclear on the home buying process.
In Canada’s hottest markets, engaging in a bidding war when house hunting is the norm. But your bank may not agree with your new home’s value – and may not cough up the funds you need for a mortgage. Here’s what you need to know about bidding wars, and when to walk away from one.
Did you know: 2 thirds of Canadians don’t understand their mortgage agreement. Here’s what you need to pay attention to when signing the dotted line.
Prospective home owners may see their affordability shrink as another set of mortgage rules are slated to go into effect this summer. Here’s what buyers need to know.
It has been a truly hot spring housing season, and lenders are using new mortgage marketing tactics as a result. Here are three we’ve seen so far – and whether they’re truly as great as they seem.
Home inspections 101: Yes, they are a must during the home buying process. Here’s what to expect from your home inspection, and how to choose the right pro.