Mortgage Agent L2 • #12248
Expanding eligibility for 30 year mortgage amortizations for all first-time homebuyers and all buyers of new builds Definition of a first-time homebuyer, a borrower must meet one of the following criteria: Definition of a newly constructed home Increasing the $1 million price cap for insured mortgages to $1.5 million The downpayment requirements for the loan […]
Canada’s housing market continues to slow down with August marking the second consecutive month of declining home sales. Tight demand and supply conditions have also eased, slowing home prices’ pace of growth. Inflation increased to 4% in August, up from 3.3 % in July, posing a persistent challenge for the economy and the Bank of […]
Personally, I will always opt for a fixed mortgage rate over a variable rate. It’s a decision based on your risk tolerance and overall budget. In a research report by National Bank Financial, a record 95% of borrowers opted for a fixed-rate mortgage in June. This is largely due to the uncertainty around the Bank […]
With the sharp rise in variable interest rates over the past year, many homeowners are regretting their current mortgage decision due to affordability and the increased cost of living. If this sounds like you – let’s talk. While fixed rates aren’t much lower than a variable at this time, we can look at your overall […]