12 Years For Average Canadian Grad to Save 5% Mortgage Down Payment: Study
Mortgage News / RSM News / Savings / Savings News

12 Years For Average Canadian Grad to Save 5% Mortgage Down Payment: Study

Securing the Canadian dream – a good job, nice car and an affordable mortgage – may be increasingly out of reach for the millennial generation. A new research study from RateSupermarket.ca, Canada’s independent personal finance comparison site, offers the projections of future costs of living for young people starting out today. As the cost of owning a home continues to rise and jobs are very hard to come by, the picture is not pretty. Continue reading »

New Canada Mortgage Rules Go Into Effect Today
Buying A Home / Mortgage News / Mortgages

New Canada Mortgage Rules Go Into Effect Today

The days of 30-year high ratio mortgages are over as the mortgage rule changes announced June 21st by the Department of Finance go live today. While the changes have been put in place to cool an overly aggressive housing market and curtail Canadians’ debt to income ratio levels, it’s the short term implications that have everyone from first time home buyers to brokers wondering – what’s it going to cost? Continue reading »