Continuing the notable trend witnessed this year, the benchmark price for all home types in Metro Vancouver experienced further growth in June. The region’s home buyer demand intensified, causing a collision with a scarcity of available homes for sale. The outcome? Rising prices and a market that continues to exceed expectations across all segments.
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How to Ensure a Smooth Home Purchase
Chances are, buying a home is one of the most important financial decisions you’ll make in your life. And as mortgage financing can be somewhat confusing at the best of times, to alleviate some of the stress and to ensure your home purchase goes as smoothly as possible, here are six very high-level steps you should follow.
Continue reading →Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules
Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not be following CMHC’s lead.
Continue reading →New Mortgage Stress Test Rules
Changes are coming April 6, 2020 to the Mortgage Stress Test Rules. In light of this, we have been researching information and looking
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