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by Jeremy
A big announcement came from CMHC this week, that will reap big rewards for a lot of homeowners or those looking to buy. Effective in September, CMHC will allow 100% of rental income from legal secondary suites to be used when qualifying for a mortgage, this is up from the current 50% it allows. CMHC is Canada’s largest default insurer, and says this change will facilitate affordable housing options for more Canadians. The new rule takes effect September 28, 2015, and it is a big deal for current homeowners, investors or those moving into the homebuying market. “This is definitely good news for anyone who…
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Posted by Jeremy
With all the news about natural disasters and failed home insurance claims making the news lately, now is…
Posted by Jeremy
Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based…
Posted by Jeremy
In case you missed all the buzz about it this morning, the Bank of Canada has cut their…
Posted by Jeremy
Anytime you apply for a credit product (mortgage, car loan, credit card, etc.), your lender is required to…
Posted by Jeremy
Calgary Stampede 2015 officially kicks off tomorrow right after the Stampede parade, which means 10 days of parties,…
Posted by Jeremy
You’ve probably heard a lot of tips on credit fraud, but are you paying attention to the risk…
Posted by Jeremy
The Canadian Association of Accredited Mortgage Professionals (CAAMP) recently released their spring market survey, which provides a lot…
Posted by Jeremy
According to Insurance Bureau of Canada (IBC), half of Canadians want to better understand home insurance. Further to…
Posted by Jeremy
For some people, getting out of a mortgage early is a realistic option, especially if they are doing…
Posted by Jeremy
A new report released today shows that Canada’s rental market is worse than we thought, and it’s becoming…
Posted by Jeremy
Stories about Canadians’ household debt are making headlines this week, and whether or not the hype is true,…
Posted by Jeremy
A new study conducted by Genworth Financial, shows that millennial homebuyers are well-educated, financially literate and doing their…
