by Glenn Maclaren | May 19, 2023 | Blog, Finance
If your credit has taken a hit due to missed or late payments, high debt levels, etc, there are things you can do to help repair it. The key is to start right away. The longer you leave it in disrepair, the worse your credit situation will become. And, as we know,...
by Glenn Maclaren | May 5, 2023 | Blog, CMHC
Canada Mortgage and Housing Corporation (CMHC) expects home prices to bottom out this year, but they aren’t expected to fall below pre-pandemic levels. That was the takeaway from the agency’s spring Housing Market Outlook, which said weaker growth and higher mortgage...
by Glenn Maclaren | Apr 21, 2023 | Blog, Homeownership
First-time homebuyers can now take advantage of an extra downpayment savings tool as of April 3rd, 2023 in the form of the First Home Savings Account (FHSA) courtesy of the federal government. The FHSA combines the benefits of both a registered retirement savings plan...
by Glenn Maclaren | Apr 7, 2023 | Blog, Homeownership
On March 27th, the federal government announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations to enhance the flexibility of newcomers and businesses looking to add to Canada’s housing...
by Glenn Maclaren | Mar 17, 2023 | Blog, Homeownership, Mortgage
It’s no surprise that many Canadians are feeling the pinch of higher inflation, higher interest rates and higher home prices. But an overwhelming majority continue to believe real estate is a good long-term investment. The latest information from Mortgage...
by Glenn Maclaren | Mar 3, 2023 | Blog, Homeownership, Mortgage
Are you worried about being turned down for a mortgage or not being able to renew with your existing lender? If so, you’re not alone. Mortgage qualification is more difficult right now due to higher interest rates and lower property values. Fortunately, mortgage...
