At the end of 2018, I wrote about the idea of reducing or repealing the mortgage stress test. Now I want to suggest some possible amendments that would make the stress test more fair now that interest rates are rising and home prices are still high.
An interesting article caught my eye at the end of last week - executives at Mattamy Homes and the Canadian Home Builders’ Association believe that the B-20 stress test should be repealed or at the very least reduced.
Getting pre-approved is one thing, but when it comes to applying for a mortgage, the process can be confusing and intimidating, especially if you’re a first-time buyer. There’s an extra layer to the process if you’re buying a new
Legalization day is officially upon us – Canadians can now buy and consume cannabis, as well as grow up to four plants within a private residence in most provinces, under the newly-minted federal Cannabis Act.
However, while it’s no
Going through the homebuying process for the first time can be intimidating. There are many steps, a lot of paperwork, lawyers get involved, and you’re making deals with hundreds of thousands of dollars.