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 […]
Refinancing and the Impact of COVID-19
Guides
Refinancing during COVID-19 is a topic that many clients are discussing with us as we make our way into month three of this pandemic. Refinancing can be a way to aid in managing your monthly costs. It can also be a way to get into the market if your position allows you to. A survey […]
COVID-19 Financial Relief for GTA Homeowners
Guides
Our new channels have been flooded with information on COVID-19 financial relief information for GTA homeowners. But how are you supposed to sort this all out, and figure out what you and your family qualify for? We put together a list, with the appropriate links to help you source information and determine what your next […]
Bridge Financing Explained
Buying
What is bridge financing and how can it help me? It’s a question we get quite often from clients so we wanted to break it down for you so you can understand how it works, and how it can hep you. It’s unlikely that the first home you buy will be the home you stay […]