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 […]
First-time homebuyers
We really appreciate how you supported us through this process. First-time homeownership is no joke! There was a steep learning curve but you helped us through it. SM & TD
Evolution of Women’s Home Ownership in Canada
Legal changes and societal attitudes have shaped women’s property ownership rights over time. The history of women’s property ownership rights in Canada is a story of evolving legal frameworks and changing societal attitudes. Throughout the 19th century, women’s ability to own property was often tied to their marital status, with married women having limited rights […]
When I say ‘mortgage insurance’ – what do you think of?
When I ask “Do you have mortgage insurance?” I often get either one of these two responses:1) I put in more than a 20% downpayment so I didn’t have to pay itor2) I have enough term/whole life insurance to cover pay off my mortgage Both can be valid responses depending on the context because both […]