Mortgage News

Moving On Up!

Moving on UP!. Life is constantly changing from your career to your family as we climb up the ladder of life. With these life changes, your current home may no longer be working for you. Whether you’re cramped in your tiny apartment or have a little one on the way,

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Bank of Canada Interest Rate Update

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This

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Getting the Down Payment

Getting the Down Payment Down. A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum cash payment from your own funds that is put towards the purchase. This is your down payment and is considered

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First-Time Home Buyer Incentive 2.0 Now Available

Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. Nearly five months after the changes were first proposed, the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have enhanced the eligibility criteria for buyers in Toronto, Vancouver and Victoria. As a recap, the FTHBI

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Homebuyer Guide by CMHC

Market Smarts: Homebuyer Guide. The Canada Mortgage and Housing Corporation (CMHC) is one of Canada’s three mortgage insurers. Beyond insuring mortgage, CMHC also offers consumer guidance in the form of a unique step-by-step guide for home buying Canada, which the organization has dubbed the “roadmap” to home ownership. The 27-page

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First-Time Homebuyer Mistakes

As a first-time buyer, there are some homebuyer mistakes you should avoid to ensure a smooth and successful experience: THINKING YOU DON’T NEED A REAL ESTATE AGENT You might be able to find a house on your own, but there are still many aspects of buying real estate that can

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Bank of Canada Interest Rate Update

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank continues to provide extraordinary forward guidance on the path for the overnight rate, reinforced

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6 Questions Before a Renovation!

6 Important Questions to Ask Before a Big Home Renovation. So you want to make a major home renovation. Congratulations! Now, you’ve got to find the right contractor for the job. While doing a thorough online search or asking family and friends is an important first step, once you find

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Mortgage Insurance, MPP by Manulife

Mortgage Insurance helps protect your loved ones, your home, and your savings in case something happens to you Seventy-five percent of Canadian households say that they would have difficulty paying everyday living expenses like their mortgage if the primary breadwinner were to pass away.1 It doesn’t have to be that

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