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…
-
The new upcoming mortgage rules
-
Canada’s 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: 13th May 2021
Link to Original Article: https://betterdwelling.com/canadas-real-estate-industry-just-asked-osfi-to-loosen-the-mortgage-stress-test
-
Canadian Real Estate Sales Hit Highest Level Ever, As “Can’t Lose” Mindset Solidifies
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
-
New inflation data suggest Bank of Canada needn't worry about raising rates anytime soon
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
-
Canadians haven't been this bullish about the housing market in at least ten years
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
-
15 House Plants That Help Reduce Humidity in the Bathroom
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/
-
Toronto Condo Prices and Rents Expected to Decline in Coming Months
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/
-
Bank Of Canada Ending Pandemic Program That Helped Real Estate Prices Surge
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/bank-of-canada-ending-pandemic-program-that-helped-real-estate-prices-surge/#_
-
CREA reports Canadian home sales set record for September
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/
-
Stress Test Must Be Revised To Reflect Market Realities – Economist
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
-
Beyond Summer Hangouts: 15 Tips on How to Use Your Balcony All Fall and Winter
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/
-
Augusts Canadian Housing Starts Increased
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
-
Bank of Canada holds key interest rate target
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/