New Year, New Mortgage Rules: Why You’ll Soon Have a Harder Time Qualifying for a Mortgage
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New Year, New Mortgage Rules: Why You’ll Soon Have a Harder Time Qualifying for a Mortgage

In 2018, new Ontario mortgage applicants likely won’t be able to afford the same home, as stricter mortgage rules come into place. And while those with a fixed rate mortgage are not impacted by interest rate increases implemented by the Bank of Canada, their affordability will be affected as well. For example… Continue reading »

Is Your Credit Score Mortgage Ready?
Buying A Home / First Time Home Buyers / Mortgage News / Mortgages / Mortgages 101

Is Your Credit Score Mortgage Ready?

Is your credit score mortgage ready? Many Canadians don’t know the state of their score before starting the pre-approval and application process – and they could be in for a nasty surprise. Here’s what you need to know about your score – and how you can improve your chances of qualifying for a mortgage. Continue reading »

Conservatives Promise to Expand Home Buyer’s Plan to $35,000
First Time Home Buyers / Mortgage News / Mortgages / Saving For Retirement

Conservatives Promise to Expand Home Buyer’s Plan to $35,000

The Conservative government announced it plans to expand the maximum withdrawal amount for the Home Buyer’s Plan to $35,000. This is the most recent pre-election promise targeting home buyers struggling with steep affordability – but will this measure help, or hurt, the housing market? Continue reading »