You may have heard that the Government is proposing new tougher qualifying criteria for investors. Below is an article that goes into details.
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Qualifying Criteria For Investors
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The Smith Maneuver: The Loophole Canadian Real Estate Owners Use To Lower Taxes
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By: Stephen Punwasi
Original Article Posted on: Dec 27, 2021
Link to Original Article: https://betterdwelling.com/the-smith-maneuver-the-loophole-canadian-real-estate-owners-use-to-lower-taxes
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5 Canadian Housing Market Predictions for 2021
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: December 28, 2020
Link to Original Article: https://torontostoreys.com/housing-market-predictions-zoocasa-2021/
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Average Toronto Home Prices Forecast to Rise Another 6% in 2021
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: December 2, 2020
Link to Original Article: https://torontostoreys.com/toronto-home-prices-increase-2021-remax/
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Canadian Realtor Commissions Are Growing Over 11x Faster Than The Economy
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-realtor-commissions-are-growing-over-11x-faster-than-the-economy/
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First Phase of Ontario’s ‘Modernized’ Real Estate Rules Officially in Effect
Original Article Source Credits: Toronto storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: October 1, 2020
Link to Original Article: https://torontostoreys.com/first-phase-ontario-real-estate-rules-tresa/
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How to Prepare for a Mortgage in 7 Quick Steps
Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.
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Real Estate Investors Skip Paying Loans While Raising Billions
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: John Gittelsohn
Original Article Posted on: August 24, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/real-estate-investors-skip-paying-110000020.html
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Bank of Canada Hints at No Interest Rate Hikes Until 2023
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : July 16, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/07/bank-of-canada-hints-at-no-interest-rate-hikes-until-2023/
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Bank of Canada Lowers Benchmark Qualifying Rate to 4.79%
For the second time since the beginning of the pandemic, the Bank of Canada has lowered the benchmark qualifying rate a further .15% to 4.79%. For a buyer with an annual income of $80,000 that is approximately $6,300 of additional mortgage space compared to the previous qualifying rate of 4.94% and approximately $11,000 more than the qualifying rate of 5.04% that was in place at the beginning of the pandemic.
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Overview of Q1 2020 National Mortgage and Credit Trends
Original Article Source Credits: Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/
Article Written By : NA
Original Article Posted on : July 15, 2020
Link to Original Article: https://www.cmhc-schl.gc.ca/en/housing-observer-online/2020-housing-observer/overview-q12020-national-mortgage-credit-trends
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How the Government Has Saved the Economy from COVID-19…So Far
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : July 23, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/07/how-the-government-has-saved-the-economy-from-covid-19-so-far/
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Design your Financial Life with a Certified Financial Life Professional
As most of you know, my personal vision is that 'Everyone Shall Live a Life of Abundance'. I am always seeking ways that will help me be successful in fulfilling that vision in what I do as a mortgage broker and real estate investor.
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How to Prepare for a Mortgage in 7 Quick Steps
Getting the best mortgage on your home makes a huge difference in affordability, financial wealth and abundance. It can save you hundreds or cost you thousands.
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Mortgage Rates Keep Setting New Record Lows
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By : Steve Huebl
Original Article Posted on : June 30, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/06/mortgage-rates-keep-setting-new-record-lows/
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How The New Mortgage Qualification Rules Could Soon Affect HomeBuyers
In response to the COVID-19 pandemic and in an attempt to protect the economic future of Canadians, the Canadian Mortgage and Housing Corporation (CMHC) announced in early June that it would be tightening its qualification rules for mortgage insurance from July 1, 2020. Fortunately, they are two other mortgage insurers: Genworth and Canada Guarantee and neither of them are changing their qualification rules.
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The Different Types Of Mortgages Available To You
Are you planning to buy a new house but don’t know where to begin when it comes to financing it? If you’re struggling to make sense of the mortgage system and the different options available, you’re not alone. Mortgages can be complicated if you aren’t aware of how they work. Moreover, it isn’t easy to make the right decisions based on your needs and capabilities if you don’t understand what your choices are. To help you make sense of mortgages, Keith Uthe Demystifying Mortgages has explained the different types of mortgages available to you.
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Canada's Mortgage Stress Test To Get An Overhaul In April
Original Article Source Credits: HuffingtonPost, https://www.huffingtonpost.ca/
Article Written By Canadian Press
Original Article Posted on :2/18/2020
Link to Original Article: https://www.huffingtonpost.ca/entry/mortgage-stress-test_ca_5e4c2e67c5b6eb8e95b3bcc2
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Latest in Mortgage News: Meridian Credit Union Raises $125 Million
Original Article Source Credits:Canadian mortgage trends,https://www.canadianmortgagetrends.com/
Article Written By Steve Huebl
Original Article Posted on : February 26, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/02/latest-in-mortgage-news-meridian-credit-union-raises-125-million/
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Busted! Don’t Believe These Myths About Mortgages
One of the most intricate and difficult parts of the home-buying venture is the mortgage process. While most prospective homebuyers hire a mortgage agent to assist them with the process, there are many who avoid enlisting the services of a mortgage agent because of the myths and misconceptions they’ve come across.