This seems to be the biggest question I get these days. Some think that house prices will magically drop 20-40% in the next year or so. Some think that interest rates will drop over the same period and it will cheaper to get into their own home when that happens. Some dont believe that rents [...]
Have you recently been declined for a mortgage because you have credit challenges, carrying some debt or dont have the required down payment? Homeownership could still be a reality with some creative planning and resourcefulness Understanding the qualification process is the key to finding a way to make it work. The mortgage amount a buyer [...]
Canadian home prices are on the rise with a near 20% projected increase by the end of December, according to the Canadian Real Estate Association’s (CREA) most recent report As home sales across the country saw a slight drop in August, falling 0.5% compared to July, prices continued to rise, bringing the average Canadian home [...]
In the recent 2019 Federal budget, a new CMHC initiative (for first time homebuyers) was released that has been created to try and help more people get into homeownership but will it? And more specifically, who will it help? It certainly isn't going to work for everyone as the qualifications point out -so would you [...]
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.