What the New Mortgage Rules Mean for Buyers
Buying
The CMHC has announced new mortgage rules that will take effect on July 1, 2020. These changes tighten CMHC requirements and are aimed at discouraging higher-risk borrowers from taking on a mortgage they can’t afford. What is a high-risk borrower? A homebuyer with less than 20% home down payment. CMHC is the largest issuer of […]
Pre-Construction Condos During COVID-19: What the Construction Shutdown Means for You
Buying
Pre-Construction condos during COVID-19 – what’s the impact? If you’ve purchased a pre-construction condo within the last year or two, you probably have questions about how your purchase is being impacted by COVID-19. With Ontario announcing the shutdown of the industrial construction industry in the province, and alongside it, many residential construction projects as well, […]
The Financial Benefits of Homeownership
Buying
You’ve heard it before – the benefits of homeownership are some of the best ways to build a strong financial future. But what does that really mean? There is no doubt that becoming a homeowner is one of the biggest financial decisions you will make in your entire life. It’s also undeniable that simply getting […]
Winning in the Condo Market with Negative Cash Flow
Buying
When it comes to condo investing, cash flow is one of the hottest topics out there. Every investor is very familiar with this term, and if you’re thinking about getting into the market, you should be too. While it’s important to know if the property you’re thinking of buying will provide positive cash flow or […]