by Rakhi Madan | Nov 7, 2017 | News |
Have you heard? As of January 1st 2018 there will be three new mortgage rules implemented nationally. This can mean big changes for those who currently have or are planning to have a mortgage soon. Mortgages can be confusing, especially for first time home buyers, but...
by Rakhi Madan | Feb 8, 2017 | News |
The Canadian Mortgage & Housing Corporation (CMHC) has announced they will be increasing their fees by over 10% in some cases as of March 17, 2017. As a homebuyer with less than 20% for a down payment, you may be wondering how the latest changes affect those...
by Rakhi Madan | Dec 5, 2016 | First Time Home Buyer, News |
It’s a great time to be a first time home buyer in Canada right now! On November 14th the Ontario government announced it’s doubling the maximum Land transfer tax refund, so now it’ll be $4000. This will take effect on January 1, 2017 and will affect more than half of...
by Rakhi Madan | Oct 10, 2016 | News |
The Minister of Finance announced the fixed rate home buyers will now need to qualify for payments at the posted interest rate instead of the discounted interest offered by Toronto mortgage brokers like myself. It’s important to know a few things about the changes to...
by Rakhi Madan | Dec 7, 2015 | News |
On Friday, Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000....
