Several significant changes to the Canadian mortgage industry are set to take effect from now until the end of 2024. Here are the key updates: Higher Insured Mortgage Cap: Starting December 15, 2024, the insured mortgage cap will increase from $1 million to $1.5 million. This is aimed at making home ownership more accessible, especially in high-cost markets like Toronto and Vancouver. The new down payment requirements will be 5% on the first $500,000, 10% on the portion between $500,000 and $999,999, and 15-20% on the remaining portion up to $1.5 million. 30-Year Amortization for First-Time Home buyers: Also effective from December…

Original Article Source Credits: Better Dwelling, https://betterdwelling.com/

Article Written By: NA

Original Article Posted on: 13th May 2021

Link to Original Article: https://betterdwelling.com/canadas-real-estate-industry-just-asked-osfi-to-loosen-the-mortgage-stress-test

Original Article Source Credits: Better Dwelling, https://betterdwelling.com/

Article Written By: NA

Original Article Posted on: 15th April 2021

Link to Original Article: https://betterdwelling.com/canadian-real-estate-sales-hit-highest-level-ever-as-cant-lose-mindset-solidifies

Original Article Source Credits: Financial Post, https://financialpost.com/

Article Written By: Kevin Carmichael

Original Article Posted on: 12th April 2021

Link to Original Article: https://financialpost.com/news/economy/new-inflation-data-suggest-bank-of-canada-neednt-worry-about-raising-interest-rates-anytime-soon

Original Article Source Credits: CTV News, https://www.ctvnews.ca/

Article Written By: Patricia Lovett-Reid

Original Article Posted on: 8th April 2021

Link to Original Article: https://www.ctvnews.ca/business/pattie-lovett-reid-waiting-for-a-real-estate-market-correction-what-you-need-to-know-1.5377834

Original Article Source Credits:   HGTV , https://www.hgtv.ca/

Article Written By:  Sharon Miki Chan

Original Article Posted on:  January 11, 2021

Link to Original Article:  https://www.hgtv.ca/renovations/photos/simple-ways-modernize-home-exterior-boost-value-1945338/

Original Article Source Credits:   Toronto Storeys , https://torontostoreys.com/

Article Written By:  Ainsley Smith

Original Article Posted on:  January 5, 2021

Link to Original Article:  https://torontostoreys.com/ontario-condo-buyers-guide/

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Shelly Hagan

Original Article Posted on:  Jan 11, 2021  

Link to Original Article:  https://financialpost.com/news/economy/hot-property-market-stokes-rising-optimism-for-canada-consumers

Original Article Source Credits:   HGTV , https://www.hgtv.ca/

Article Written By:  Amanda Roberts

Original Article Posted on:  October 17, 2020

Link to Original Article:  https://www.hgtv.ca/green-living/photos/house-plants-that-help-reduce-humidity-bathroom-1942997/

Original Article Source Credits:   Toronto storeys , https://torontostoreys.com/

Article Written By:  Ainsley Smith

Original Article Posted on:  October 15, 2020

Link to Original Article:  https://torontostoreys.com/toronto-fall-condo-forecast-remax/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  OCTOBER 16, 2020

Link to Original Article:  https://betterdwelling.com/bank-of-canada-ending-pandemic-program-that-helped-real-estate-prices-surge/#_

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Canadian Press 

Original Article Posted on:  October 15, 2020

Link to Original Article:  https://www.advisor.ca/news/economic/crea-reports-canadian-home-sales-set-record-for-september/

Original Article Source Credits:   Mortgage Broker News , https://www.mortgagebrokernews.ca/

Article Written By:  Ephraim Vecina

Original Article Posted on:  11 Sep 2020

Link to Original Article:  https://www.mortgagebrokernews.ca/news/stress-test-must-be-revised-to-reflect-market-realities--economist-333203.aspx

Original Article Source Credits:   HGTV , https://www.hgtv.ca/

Article Written By:  Doug Murray

Original Article Posted on:  September 5, 2020

Link to Original Article:  https://www.hgtv.ca/outdoors/photos/use-your-balcony-fall-and-winter-1941878/

Original Article Source Credits:   Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

Article Written By:  NA

Original Article Posted on:  September 9, 2020

Link to Original Article:  https://www.cmhc-schl.gc.ca/en/housing-observer-online/2020-housing-observer/augusts-canadian-housing-starts-increased

Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  The Canadian Press

Original Article Posted on:  September 9, 2020

Link to Original Article:  https://www.advisor.ca/news/economic/bank-of-canada-holds-key-interest-rate-target/