What Do The New CMHC Rules Mean For Homebuyers?

General REENA VISANI 12 Jun

On June 5, 2020 The Canadian Mortgage and Housing Corporation (CMHC) announced it will be tightening its mortgage qualification rules for borrowers with less than 20% down payment. This would significantly impact homebuyers decreasing their borrowing by 10% to 12% and pushing them further away from their dream of homeownership. These changes come into effect July […]

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How Much Down Payment Do I need to Purchase a Home?

Mortgage Tips REENA VISANI 4 May

How much down payment do I need to purchase a home? When purchasing your first home home, one of the most important decisions you will make is the size of your down payment. The minimum down payment on any owner occupied home in Canada is 5% for a purchase price less than or equal to […]

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