• 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

Minimum Down Payment Increases Starting Feb. 2016

Finance Minister Bill Morneau made the announcement earlier this morning that the minimum down payment for purchase will increase effective Feb. 15, 2016.

The new policy only affects houses that are more than $500,000.

Housing Market Trend: Low Borrowing Rates; Possible Minimum Down Payment Increase.

On December 02, 2015, Bank of Canada has announced to remain the overnight lending rate at ½ per cent. Our current prime rate stays unchanged at 2.70%.