by Mike Horvath | Jan 5, 2021 | Mortgage Basics, Mortgage News, Mortgage Rates
Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021. Instead, prices have since risen by approximately 22% to $603,000, as of November. That... by Mike Horvath | Oct 16, 2020 | Mortgage Basics, Mortgage News
When the pandemic hit Canada in March, and we were asked to stay at home, and that all but essential services remain open, many were concerned about how they were going to pay the bills, including their mortgages. To their credit, lenders and mortgage insurers stepped... by Amy Coburn | Sep 12, 2019 | Buying and Selling, First Time Home Buyers, Mortgage News, Uncategorized
On September 2, 2019 the federal government launched a new program called First-Time Home Buyer Incentive (FTHBI). The program is for interested first-time home buyers to help ease the carrying cost of a mortgage. The program offers buyers up to 10% of the purchase... by Amy Coburn | Mar 20, 2019 | Budget, First Time Home Buyers, Mortgage News
They call it “An Affordable Place to Call Home”. There are 2 key factors in this recent budget to be implemented September 2019: First change is to allow First Time Home buyers to now withdraw up to 35K from their RRSP’s. This is an increase from the previous limit... by Amy Coburn | Nov 9, 2017 | Mortgage Basics, Mortgage News
Here is a fairly simple way to explain the stress test you may have been hearing about in the mortgage industry. Although it has nothing to do with your blood pressure… it may make it rise a little. We will try our best not to let that happen.The stress test is used... by Amy Coburn | Aug 25, 2017 | Mortgage News
In July, the Office of the Superintendent of Financial Institutions (OSFI) sent out a release indicating that changes would be announced, and shortly there after implemented, in the fall of this year. It is expected that the changes will focus on uninsured... 
