Last chance for down payment assistance!

The BC government announced a program late 2016 that would match a first time buyer’s down payment contribution up to 5% of the home purchase price. No payments are required on the loan for the first 5 years. This program will be discontinued, but applications received by March 31, 2018 will be honoured for 6 Read more about Last chance for down payment assistance![…]

Mortgage Qualification Rate Change FAQ

MORTGAGE QUALIFICATION CHANGES New housing policies are coming into effect and leaving many Canadians unclear about how their finances have been affected. This FAQ article will focus primarily on Low Ratio Mortgage Loans – mortgages with 20% or more equity or down payment (Click here for High Ratio article). Here’s what you’ll learn: Review of Regulations Prior to Read more about Mortgage Qualification Rate Change FAQ[…]

High Ratio Change for Canadian Borrowers

Change is in the Air October 2016 is set to see more change than just the colours and temperature of the fall season; new mortgage rules will change the entire landscape for high ratio borrowers, reducing their buying power by approximately 20%. The tree of homeownership has been shaken, and the remaining leaves are harder Read more about High Ratio Change for Canadian Borrowers[…]