There have been changes to Canada’s mortgage rules that could open up great opportunities for you. Whether you’re a first-time buyer, considering refinancing, or approaching your mortgage renewal, these changes may positively impact your mortgage options. A summary of recent mortgage industry changes:As of November 21, 2024:• No stress test qualifying for mortgage switches (both […]
Mortgage changes effective December 15, 2024
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 […]