How to prepare for final closing on your pre-construction condo Image

How to prepare for final closing on your pre-construction condo

Through the stages of development of your pre-construction condo, perhaps the most crucial is the transition from interim occupancy to final closing. The most important of the moving pieces to have in place during this transition is your financing. 

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The gig economy should change mortgage lending practices Image

The gig economy should change mortgage lending practices

The Canadian Real Estate Association launched REALideas recently in anticipation of the federal election. One of the points they made is that mortgage lending needs to be updated to better serve those participating in the gig economy.

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Millennials more likely to fib on their mortgage application Image

Millennials more likely to fib on their mortgage application

Would you ever fib on a mortgage application? Have you ever? Findings from a new Equifax survey suggests that Canadian millennials are more willing to do so than the general population. 

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What your property taxes pay for in the City of Toronto Image

What your property taxes pay for in the City of Toronto

Property taxes can be confusing. Fortunately, the City of Toronto has a Property Tax Calculator that actually shows how your money is being distributed to various services and infrastructure developments and maintenance. 

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Should we be worried about the increase in mortgages with alternative lenders? Image

Should we be worried about the increase in mortgages with alternative lenders?

Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market. 

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Everything you need to know about Canada’s First-Time Home Buyer Incentive Image

Everything you need to know about Canada’s First-Time Home Buyer Incentive

If you’re a first-time buyer in Canada, you’ve likely been waiting for details on the federal government’s First-Time Home Buyer Incentive program. Well, the details are here, including a start date.

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Canada creating a Real Estate Task Force to ensure tax-compliance Image

Canada creating a Real Estate Task Force to ensure tax-compliance

According to the government of Canada and the Canada Revenue Agency, tax non-compliance and money laundering can be a significant factor causing the rising cost of housing in the country’s hottest markets. 

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The mortgage stress test is flawed because it doesn\

The mortgage stress test is flawed because it doesn't consider income growth

There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?

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Mortgage activity slows as Canadians fall deeper into debt Image

Mortgage activity slows as Canadians fall deeper into debt

Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.

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What would happen if the mortgage stress test was eliminated? Image

What would happen if the mortgage stress test was eliminated?

Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences. 

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