Mortgage rule changes

Ontario Just Removed the HST on New Homes. Here Is What That Actually Means for You.
Ontario and the federal government just made the biggest new-home affordability announcement in a generation. The full 13% HST has been wiped off qualifying new

Canadian HELOC Rule Changes 2023: What Borrowers Need to Know
On October 31, 2023, the Office of the Superintendent of Financial Institutions (OSFI) implemented Guideline B-20 changes that fundamentally altered how Canadians access home equity

THE POWER OF A PRE-APPROVAL: How A Canmore Mortgage Broker Simplifies Your Home Buying Journey
If you’re planning to buy a home in Canmore , there’s an important step that can significantly ease the process: getting pre-approved for your mortgage.

Buying a home in 2023: First Time Home Buyers
Buying a home for the first time can be a daunting experience, but with the right knowledge and preparation, it can also be an exciting and rewarding one. Our first-time home buyers guide for Canadians covers all the essential steps in the process, from determining your budget to closing on the purchase of your new home. Follow these tips and considerations to make the process as smooth and successful as possible.

First Time Home Buyer Changes are coming
First Time Home Buyers can expect some changes to the program this spring. But will these changes actually help get you into the housing market?

Breaking: CMHC Announces Changes to Insured Mortgages
Canada Mortgage and Housing Corp. is toughening up its rules to make it harder to get mortgage insurance, a move that would reduce demand from
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Can You Get a Mortgage in Canada as a Permanent Resident with Foreign Income?
Yes. You can get a mortgage as a permanent resident with income earned outside Canada,

Gifted Down Payment Rules in Canada: What Lenders Actually Require
Yes, you can use a gift from an immediate family member for your down payment.

Should You Pay Down Your Mortgage or Invest Before Renewal?
Paying down your mortgage earns you a guaranteed result equal to your interest rate. Investing

Self-Employed With a Dropped Income: Can You Still Switch Lenders at Renewal?
Renewing with your current lender usually does not require you to prove your income again.