• Home Purchase/Buying Basics
    Buying a home is a milestone in everyone's life. It symbolizes that you are independent and have achieved the stability of living a relatively comfortable life. Here are a few things
  • This means a couple of things. The most important thing to realize is that the lender will not just fork over a new, lower interest rate. You will be asked to bring in income documentation
Latest Blog Articles

What are Canada’s most affordable real estate market?

According Canada Mortgage and Housing Corporation (CMHC), “affordable housing” has been defined as when households spend less than 30% of their gross income on housing.

Research found 10 Canadian markets where mortgages take up less than 15% of a household’s average income. Here they are:

 

10.  Trois-Rivieres, QC

Bank of Canada stands by 0.25% rate in first policy announcement for 2021

In its latest policy announcement today, the Bank of Canada held target for the overnight rate at 0.25%.

The Governing Council will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2% of inflation target is sustainably achieved