On September 2nd, 2019 the Government of Canada is introducing a new program to help first time home buyers save on their monthly mortgage payments. This new equity sharing program is designed for first time home buyers across Canada. There is still more information that needs to be released but this is what we know … Continue reading New First Time Home Buyers Program
If you were a first time home buyer in 2015 you may qualify for a tax credit when you do your taxes. Talk to your accountant or watch this short 3 minute video from the Canada Revenue Agency to see if you qualify. CRA-HBTC Don't just get a mortgage, Know your mortgage! Scott Bourke, AMP … Continue reading First Time Home Buyers Tax Credit
Rule changes that come into effect starting Feb 15, 2016 and the dates that everything gets effected. Minimum Down Payment Policy Changes for all CMHC and Genworth Applications As a reminder, on December 11th, 2015, the Government of Canada announced the minimum down payment requirement will be increased from 5% to 10% on the portion … Continue reading New Down Payment Rules for Mortgages Over $500,000
Stick out your mortgage paperwork and say, “Ahhh!” It’s time for your annual mortgage health check up. Mortgage experts agree that if you make time for a quick review at the beginning of each year, it may yield you some fruitful financial savings. Your 2011 home loan review should examine the most common potential monthly … Continue reading February is Mortgage Health Month!
Did you just move to Canada from another Country, or know someone who did? Are you planning on staying in Canada? You CAN own a home in Canada in as little as 3 months. The New to Canada program is a very easy to use program that makes home ownership in Canada possible for new residents. To … Continue reading New To Canada Programs are Available!