After an off-topic blog about mental and physical wellness last time around, we are back discussing a very important topic regarding the economy and banking’s effect on our real estate market. There are some more news coming out about the stress-test regulations this year. Sadly, it’s going to be even more difficult for younger people…
We are now at the beginning of March, and the new mortgage rules are seeing their effects on potential future homeowners, especially younger people with lower income than baby boomers. These mortgage rules, however, should not completely stop you from going after your dreams! There are still ways to figure out a home purchase, without…
We are now in 2018 – and the real estate market in Canada has brought fresh changes to the way we will be buying houses now and for the many years to come. And it’s not just an issue of very high prices anymore… On New Years’ Day, a new mortgage rule was approved that…
This weeks’ blog will be a little different. We thought we’d cover a story taking place in a provincial electoral district in British Columbia that is feeling the effects of the mortgage rules set out by the federal government in October 2016. The MP of Chilliwack-Hope Mark Strahl has recently come out to make a…
Our mid-month blog has come earlier than scheduled due to the recent big news about mortgage rules changing, which are going to be discussed here. So what exactly is happening? Sadly, rates are going up for consumers and many people will have trouble acquiring mortgages because the housing market will change and high-ratio buyers will…
