Given The COVID-19 pandemic and it’s impact in the housing economy CMHC announced changes to its mortgage insurance underwriting criteria on Thursday June 4th. Effective July 1st the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance through CMHC. The maximum gross debt service (GDS) ratio drops from … Continued

When you’re saving a for a down payment, it’s good to know how you can come up with a little extra cash. Putting the largest down payment on your new home as you can will help make your home more affordable. It will lower your monthly payments and any mortgage insurance fees (if applicable). Here … Continued

For many, purchasing a condo is an exciting experience. Condos are popular among young professionals and those with an active lifestyle looking for urban convenience without the hassle of upkeep. They’re also popular among near-retirees looking to downsize from the large family home. Because condo living is a transition for many, it’s understandable that most … Continued

Timing is everything, especially when it comes to selling one of your most important personal assets: your home. Knowing when to sell can be the defining factor in how successful you are closing the deal. From understanding seasonal trends to monitoring changes in government policies, here are a few tips to help you determine the … Continued