New Mortgage Rules are here to stay

New Mortgage Rules are here to stay

New Mortgage Rules as of October 17th As you may have already heard, Ottawa has dropped quite the bomb on the mortgage market with new mortgage rules. Their latest attempt at taking some risk out of the country’s housing markets has put first-time homebuyers in...
How the new down payment rules affect home buyers

How the new down payment rules affect home buyers

As you may have already heard, the government is tightening lending rules for residential mortgages. They are setting a minimum down payment of 10 per cent on the portion of home prices above $500,000. Homes purchased below the new price ceiling will remain at 5 per...