Archive for October, 2024

  In recent weeks, the federal government has frequently updated its default mortgage insurance rules. The latest changes, which include raising the maximum purchase price for an insured mortgage and extending the amortization period to 30 years for first-time buyers, are positive steps to help Canadians manage rising home-buying costs. However, many are still waiting for a price drop, which is unlikely to happen. A significant decrease in home prices […]

Is your home in desperate need of an upgrade? Are you dying to renovate your bathroom, kitchen, or other space but not sure how to fund this renovation project? Did you find a home you’d like to buy but it needs work? We’ve got good news! When it comes to covering the costs of renovating, you have some options available to you outside of some good old savings! Mortgage Refinancing […]

Two significant developments in September will have a lasting positive impact on Canadian housing activity. First were Ottawa’s measures to make housing more affordable. Second was the Fed’s 50 basis point rate cut. Ottawa has come under increasing pressure to reduce immigration, build more housing, and help first-time homebuyers afford to buy a home. In response, the federal government increased the home price cap for insured mortgages from $1 million […]