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Category Archives: First Time Home Buyer
The Good, the Bad, and the Awesome in Mortgage News…
The Good: It’s hard to believe that anything good could come out of the COVID-19 pandemic – and yet – a new analysis by rate comparison site Finder has found that Canadians saved approximately five times more of their disposable … Continue reading
Posted in First Time Home Buyer, General, Mortgage Rates, Mortgage Strategies
Tagged mortgage financing, Tracy Irwin
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Mortgage News That Will Put a Spring in Your Step
At Last! New Qualifying Stress Test Rate for Insured Mortgages… On April 6, 2020, the federal government will be changing the benchmark qualifying rate used for Canada’s insured mortgage stress test. The change means borrowers with insured mortgages (typically those … Continue reading
Millennials and Mortgages…
Why do Millennials believe that homeownership may be out of reach? A KPMG survey says Millennials believe it’s a combination of (a) rising house prices, (b) high levels of personal debt, and (c) annual incomes that are just a fraction … Continue reading
First-Time Home Buyers: What Boomers Got vs. What Millennials Are Getting
The More Things Change, the more they stay the same! This is fascinating! To compare what Millennials are able to afford now with what Baby Boomers could afford when they bought their first homes, HuffPost Canada built profiles of the … Continue reading
Close To Our Hearts: Running for Rachael – Supporting Suicide Prevention
No family is immune from the heartbreak of suicide. My husband Sid’s daughter, Rachael Arielle Stacey, left us when she was just 18 years of age. She will forever be in our hearts. We honour her legacy of wanting to … Continue reading
Mortgage News That’s Clear as Mud and Crystal Clear!
Ah August… it’s a time to sit back, relax and get caught up on all the important mortgage news of the day, right? August is also a month full of juxtapositions. Some of us are taking time off and going … Continue reading
Here’s What Happens When CMHC and MPC Bosses Verbally Spar Over YOUR Ability to Buy a Home or Renew a Mortgage
There is always something in the news about the current housing/real estate market, whether it’s: the lack of affordable housing real estate purchased through money laundering mortgage stress tests first time home buyer incentives supply and demand (sellers and buyers … Continue reading
When Is The Right Time To Buy a Home?
The media buzz has died down on the government’s new First-Time Home Buyers Incentive since being announced in the Liberal Government’s March Budget. Why? Because specific details have yet to be released. This unsettled situation has left home buyers in … Continue reading
Are You Stressed Out by Mortgage Stress Tests?
Considered a “one size fits all” tool, the Mortgage Stress Test affects all homeowners alike, regardless of whether you are a first-time home buyer or homeowner preparing to renew* or refinance their mortgage. *Homeowners renewing their mortgage financing who fail … Continue reading