5 things to consider when applying for a mortgage Image

5 things to consider when applying for a mortgage

When you buy a new home preconstruction, there can be a few years between getting pre-approved for your mortgage and your final closing (when you actually need to qualify for your mortgage).

Read More
3 ways to improve the mortgage stress test Image

3 ways to improve the mortgage stress test

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. 

Read More
2019 will be another challenging year for first-time buyers Image

2019 will be another challenging year for first-time buyers

You thought first-time buyers had it tough in 2018 - it’s looking like 2019 may be even harder on singles and couples looking to step onto the homeownership ladder. 

Read More
Is it time to repeal the B-20 stress test? Image

Is it time to repeal the B-20 stress test?

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- executives at Mattamy Homes and the Canadian Home Builders’ Association believe that the B-20 stress test should be repealed or at the very least reduced. 

Read More
See what this first-time buyer has to say about applying for a mortgage Image

See what this first-time buyer has to say about applying for a mortgage

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

Read More
Homeowners still wary of growing legal weed: survey Image

Homeowners still wary of growing legal weed: survey

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

Read More
A surprising amount of couples aren’t talking about money and debt issues Image

A surprising amount of couples aren’t talking about money and debt issues

Manulife Bank of Canada recently commissioned Ipsos to conduct a survey about financial issues at home and confiding in a significant other. The results are shocking and unsurprising at the same time.  

Read More
It will soon be easier for self-employed Canadians to qualify for a mortgage Image

It will soon be easier for self-employed Canadians to qualify for a mortgage

The Canada Mortgage and Housing Corporation is making it easier for self-employed Canadians to apply and qualify for mortgages.

Read More
See what scares this first-time buyer the most Image

See what scares this first-time buyer the most

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.

Read More
The TOcore plan could hurt first-time buyers Image

The TOcore plan could hurt first-time buyers

To get an expert’s perspective on some of these market factors, we reached out to Ben Myers, President of Bullpen Research & Consulting Inc., and picked his brain on a few of these hot topics.

Read More

Follow NewInHomes.com