Canada's first-time home buyers may have to shelve their dream house fantasies due to new lending rules announced last week by the federal government. The Government of Canada's finance minister has implemented new measures for those with less than a 20% down payment. Effective October 17, 2016, all five year fixed rates (with less than 20% down) [...]
If you are looking to buy a home, chances are you have done as many other countless homebuyers have done and have put all of your focus on timing the market to ensure you are not buying at the top of a supposed housing "bubble" instead of focusing on your own personal circumstances and ensuring [...]
Many people are unsure of how the new mortgage rules will affect them and their ability to get a mortgage. We expand on this topic so you have a better understanding.
While there’s no “standard” rent to own agreement, there should always be two separate agreements (one for the lease and one for your option to purchase). This is an integral part to your success in any rent to own program. Rent to Own Agreement Each rent to own agreement serves a purpose and there are [...]
I have been asked more and more about a no-money down rent to own option and why we don't offer it. It is a very important question and I figured it deserved it's own blog post so people can really start to understand the challenges that will come as a result of no-money down. At [...]