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CMHC’s New Mortgage Rules Start July 1 – Here’s What You Need to Know

Monday Jul 27th, 2020

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The government-backed Canada Mortgage and Housing Corporation (CMHC) announced it will be tightening the mortgage rules starting July 1, 2020. This move by the CMHC is to protect individual and national economic health by ensuring mortgage borrowers are not putting themselves into too much debt.   What this means for homebuyers: It will be harder to obtain CMHC’s default mortgage insurance, which means having a down payment of 20% or more will help you acquire a mortgage... [read more]

What to know if you're buying or selling a home during COVID-19

Wednesday Apr 1st, 2020

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What to know if you're buying or selling a home during COVID-19: A buyer cannot cancel a deal because of COVID-19.* As a BUYER this is what you might expect: You may not have the opportunity to view the property in person. There are new legal clauses being developed that will address this by making the offer conditional upon seeing the property in person at some unknown date. Many Sellers don’t want to let anyone into their homes right now. Limited number of properties... [read more]

Should you buy first or sell first?

Thursday Jun 9th, 2016

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  For those looking to take that next step in their real estate future, this important question will inevitably come up: “should I buy my new home or sell my existing home first?” While there is no ‘right’ answer, it’s important to know the potential pros and cons of both options. Speaking with your registered real estate professional before starting the buying or selling process can help you decide which route is better suited to your family’s... [read more]

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