Category Archives: First Time Home Buyer

information about first time home buyers for mortgages

Is Home Ownership Still Within Reach?

New Mortgage Rules? Last week, we saw the beginning of the hearings in Ottawa on the new mortgage rules. The Mortgage Centre worked long and hard on a written submission to the Standing Committee on Finance and Tracy wants to … Continue reading

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Ontario Helping First-Time Homebuyers!

Doubling the Rebate on Land-Transfer Tax Ontario is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000, but is increasing the same tax on homes that sell for over $2 million. The government says half of first-time … Continue reading

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Will You Pass the Mortgage Rate Stress Test?

A doctor may prescribe a stress test to safeguard your health by monitoring breathing, blood pressure and heart rhythm. The Department of Finance is prescribing one to protect the financial security of Canadians and support the long-term stability of the … Continue reading

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The Next Generation of Homebuyers

2016 Spring Consumer Report by Mortgage Professionals Canada Twice a year, Mortgage Professionals Canada releases survey results on the state of the residential mortgage market in Canada. This time around, the focus was on The Next Generation of Homebuyers. The report … Continue reading

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Does Size Really Matter?

The January 12 announcement of the acquisition of Mortgage Architects by DLC Group of Companies – which includes The Mortgage Centre – prompts the question, “will this acquisition really make a difference for consumers looking to finance, renew or refinance … Continue reading

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Six Things You Never Knew About Tracy Irwin, Mortgage Broker

Happy New Year! May your 2016 be filled with abundance, joy and the fulfillment of all your hard work! “Write it on your heart that every day is the best day in the year.” ~ Ralph Waldo Emerson Six Things … Continue reading

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Suite Income: New CMHC Rule Allows 100% of Rental Income for Mortgage Qualification

September 28, 2015 is the date that Canada Mortgage and Housing Corporation (CMHC) will start allowing 100% of rental incomes from legal secondary suites to be used when qualifying for a mortgage.  Currently CMHC allows 50%. The move is meant … Continue reading

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First Time Home Buyer? You’re Not Alone!

That’s what the Canadian Association of Accredited Mortgage Professionals (CAAMP) semi-annual mortgage survey shows. This is THE survey that gauges the pulse of the housing market in Canada. This year’s highlights include new data points that shed light on previously unexplored topics, … Continue reading

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Is Canada’s housing market in a bubble?

Talk about varying opinions. The Globe and Mail’s real estate reporter Tamsin McMahon analyses seven ways the Canadian housing market is measured – and explains why some assessments are better than others. “Is Canada’s housing market in a bubble? The … Continue reading

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Five Tools of the Trade for You!

Contemplating the purchase of a home – and making the largest financial decision of your life – is enough to make even the toughest super hero weak in the knees. Fear not! Here are 5 tools of the trade that … Continue reading

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