Applying for a mortgage? Already own a home? The federal Liberals have announced mortgage changes that will have an impact on homebuyers and homeowners. Read on to find out what these are and how they will affect you.
Planning to buy a home? Don’t forget to include closing costs in your budget! Here, we’ve recapped the most common costs you’ll face, and what you can expect to pay for each.
Could you pay your mortgage after a job loss? A recent survey found 4 in 10 Canadians won’t be able to. Here’s how to protect your ability to pay in a worst-case scenario.
Buying real estate is becoming increasingly tougher for the average Canadian. What can first time and repeat buyers do to increase their chances of homeownership? Get the full story and this week’s top housing headlines.
Efforts to reduce the CMHC and taxpayers’ exposure to the risky mortgage market has paid off – the Crown corporation has reported it now covers only 50% of new residential mortgages. What does this mean for new borrowers?
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?
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.
CMHC and Genworth have announced they are increasing their insurance premiums for mortgage borrowers paying less than 10% down on their home purchases by 15%. How will this affect your ability to buy? Read on to learn more.
First time home buyers may get all the attention, but it’s actually the senior segment that’s really driving Canada’s hot housing market, according to the CMHC’s 2014 Canadian Housing Observer. Read on to learn more about the report’s insights.