Purchasing a home with a basement rental suite can be great way to own a higher priced home with the benefit of having part of the mortgage paid for by your tenant. However, lenders take rental income into account in a variety of ways. Banks tend to be more conservative meaning you’ll qualify for a… Read more »
This week was one full of financial related news from the Federal Government. Some positive, some perhaps not. The Taketh The worst kept secret is now no longer such. Effective Jan 1, 2018 the Office of the Superintendent of Financial Institutions (OSFI), the federal crown corporation that regulates all chartered banks, will require lenders to… Read more »
This post is brought to you by Marc Shendale at Genworth Canada, originally appearing on Dominion Lending Centeres’ website here. Buying a home is financial decision, but also an emotional experience. Before we’ve explored every room, we often start imagining our new lives there. Where our furniture will go. The parties we’ll host in the… Read more »
Our office will close for the holiday season Friday December 23rd at 12pm and will re-open for regular business hours Tuesday January 3rd. We look forward to seeing our clients, BDMs, and other business partners in 2017!
Thanks to our friends at First National for their quarterly review, intended to provide an overview of the Canadian housing market. With the first quarter of 2016 finished two key monitors of real estate and housing in Canada are updating their projections for Q2 and beyond. The Canadian Real Estate Association had forecast some rebalancing,… Read more »