June 2020

Revised CMHC Guidelines

Posted on Jun 10, 2020


As you may have heard, CMHC (Canadian Mortgage & Housing Corporation) has announced that they will be changing the eligibility rules for mortgage insurance as of July 1st. Before we get into what this means, please keep in mind that this is an independent decision by the CMHC and not directed by the Canadian Finance Minister. The CMHC is one of thr...

Read More

How Much is a Down Payment on a House?

Posted on Jun 10, 2020


What is a Down Payment?

A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home.

How is a Down Payment Calculated?

The minimum amount you’ll need for your down payment depends on the purchase pri...

Read More

Real Estate Terminology 101

Posted on Jun 03, 2020


Thinking of jumping into the real estate market?  Take a minute to familiarize yourself with these terms, every industry has its own jargon, and real estate is no different.

From adjustable-rate mortgages to title insurance to amortization, it can be a bit overwhelming for first-time buyers or those who haven’t moved in a while. But don’t worry—we’ve...

Read More