Commercial mortgage, requirements and criteria 

Unlike residential mortgages, which for the most part, have solid subjective requirements and structures for financing, the commercial financing requirements vary and are considered on a case by case basis. When it comes to residential lending, most of the criteria falls on the borrowers, where as with the commercial market, a bulk of the criteria which needs to be met falls on the property itself.

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

Article Written By:  Sharon Miki Chan

Original Article Posted on:  October 5, 2020

Link to Original Article:  https://www.hgtv.ca/renovations/photos/home-reno-features-2021-1942707/

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

Article Written By:  Doug Murray

Original Article Posted on:  May 31, 2020

Link to Original Article:  https://www.hgtv.ca/renovations/photos/reno-realistic-timeline-budget-1938791/

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

Article Written By: HGTV.ca Editorial Team

Original Article Posted on: November 8, 2020

Link to Original Article: https://www.hgtv.ca/cleaning-and-organization/photos/our-favourite-storage-solutions-1943840

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

Article Written By: Shelly Hagan

Original Article Posted on: Nov 02, 2020 

Link to Original Article: https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market

Original Article Source Credits: BNN Bloomberg, https://www.bnnbloomberg.ca

Article Written By: Noah Zivitz

Original Article Posted on: Nov 4, 2020

Link to Original Article: https://www.bnnbloomberg.ca/toronto-home-prices-climb-14-to-new-record-even-as-condo-market-sputters-1.1517116

Original Article Source Credits: Bank of Canada, https://www.bankofcanada.ca

Article Written By: NA

Original Article Posted on: November 9, 2020

Link to Original Article: https://www.bankofcanada.ca/2020/11/bank-canada-announces-amendments-targeted-facilities-programs

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:   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:   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:   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/

Did you know that not all “A” products offered by major banks are the “ace products?” So if you’re looking for a mortgage getting one from schedule A lenders shouldn’t be your priority. After the introduction of B20 in 2011, and later the stress test rules in 2018, the mortgage industry has become more complicated than ever. A few years ago, we used to have straight-forward, limited options. But these days, even with the schedule A lenders such as charter banks, you might find various features or offers on the same product from different lenders.

Whether it’s our work schedule or social life, there is no denying that COVID-19 has turned our lives upside down. However, that doesn’t mean that you should stop planning for a prosperous future for you and your family, especially when it comes to purchasing a home.

Prepare Your Down-payment Account:

If your down-payment comes from your own savings, ensure that the source of all large deposits is trackable and tracible. According to the Anti-Money Laundering Act, all lenders in Canada are obliged to make an enquiry and do their due diligence to ensure that the source of down-payment is legitimate and clear. As a rule of thumb, they would ask you to provide a minimum three-month history from your savings account. If there is any large deposit into your account during that period, be prepared to provide some additional documentation to prove the source of it.

Securing a mortgage is getting increasingly challenging, which makes it best to hire a professional that can guide you through the entire process of applying for a pre-approval to collecting the house keys.

Regardless of whether you have set “financial improvement” as one of your resolutions for 2020 or not, it is vital to understand that everyone faces financial challenges from time to time. To overcome economic hardships that could force you to live from paycheck to paycheck or accumulate heaps of debt, it is vital to watch your cash flow and improve how you utilize your money.

Purchasing your first home can be an exciting experience, but monetary constraints can force you to postpone your decision. After all, buying a house is a significant financial undertaking that takes years to repay. Fortunately, the Canadian Government offers a variety of grants and special programs for first-time homebuyers to help meet their housing needs. Taking advantage of these incentives will ease your financial burden and may even alleviate some of the stress.