CMHC changes designed to protect home buyers will take effect July 1, 2020

Earlier this month, the Canadian Mortgage and Housing Corporation (CMHC) announced changes to mortgage eligibility rules for insured mortgages. CMHC provides insurance to home buyers to protect lenders if a homeowner were to default on their mortgage. If a buyer purchases a home less than $1,000,000 and has less than 20% of the purchase price as a down payment, mortgage …

Five Helpful Tips for First Time Home Buyers

Stop the Press! Millennials are finding it a stretch to buy homes in the Neighborhoods where they grew up! Mississauga house prices have hit record high increases. First time home buyers are the most adversely affected by this huge price spike, many are the Millennials, aged between 16-35 and in prime family rearing years. Landing a ┬áhome suitable for their …