New Qualification Rules for Mortgages

We met with mobile mortgage specialists from RBC this week to discuss how the recent rule changes are affecting home buyers. Its not overly complex but the changes do have a significant impact on both buyers and the potentially the real estate market. Lets run through a possible purchase scenario¬† Buyer Client is a first … Continue reading New Qualification Rules for Mortgages

New Down Payment Rules for Canadian Home Buyers

  Saving for your down payment has just become a bit more difficult. With todays announcement from the Federal Government, it could make it a bit trickier to get into your first home. The Federal Government has handed down new down payment rules Finance Minister Bill Morneau announced on December 11th there is a policy … Continue reading New Down Payment Rules for Canadian Home Buyers