Stories Tagged - Mortgages
Aug. 30, 2023 | CREB
Buying a home is an exciting journey, and as a homebuyer, you want to ensure a seamless process. Mortgages play a crucial role in this adventure, and here are five key insights to help you make informed decisions as you step into the world of financing your dream home.
April 07, 2020 | Tyler Difley
Aug. 21, 2019 | Josh Skapin
Mortgage investment corporations (MICs) held between $13 and $14 billion of outstanding mortgages in Canada in 2018, capturing one per cent of the market share, according to a CMHC report.
June 26, 2019 | Tyler Difley
Think you're a real estate expert? Familiarity with the ins and outs of homebuying and home selling can give you an edge in the housing market and save you money. So let's put your knowledge to the test!
Jan. 23, 2019 | Gerald Vander Pyl
June 18, 2018 | Tyler Difley
Canada's new mortgage qualification rules and how they could affect you
On Jan. 1, 2018, new mortgage rules came into effect. Under the new rules, Canadian mortgages are subject to stricter qualifying criteria. Ultimately, this means some buyers will have to settle for less expensive homes than they could have qualified for prior to the rule change – up to 20 per cent cheaper in some cases.
All homebuyers must now go through the mortgage stress test:
June 20, 2018 | CREBNow
The people have spoken! We asked you for your most pressing real estate questions, then threw them to our expert panel of experienced REALTORS®: John Hripko (Royal LePage Benchmark), Laura O'Connell (RE/MAX House of Real Estate), Sam Crick (RE/MAX Realty Professionals) and David P. Brown (The Real Estate Company Ltd.).
Aug. 02, 2017 | Gerald Vander Pyl
For anyone buying real estate, arranging a mortgage is a sure sign that you're about to make your dream home a reality.
But with the all the options that are available, how do you find the mortgage that's right for you?
Greg Miller, a mortgage professional with SmartCap Inc. in Calgary, says step one for him is "finding out what are the client's short-term needs and long-term needs, their goals, and what does their budget allow for in terms of a payment?
"After that you can tweak a mortgage to cater it to them."
Jan. 11, 2017 | Joel Schlesinger
Recent changes by the federal government to mortgage lending rules will likely serve as headwinds for the city's recovering real estate market in the coming year, said CREB® in its 2017 Economic Outlook and Regional Housing Forecast.
Since 2008, the federal government has been tightening mortgage lending rules.