Quick Hits: Liberals Announce 30-Year Terms and $1.5 Million Limit
On Monday September 16th, the Liberal government announced proposed reforms to the Canadian mortgage market aimed at making homeownership more accessible. Key changes include extending the amortization period for insured mortgages to 30 years (up from 25) and raising the cap on insured mortgage amounts to $1.5 million from $1 million.
Sunday Dock Read – Commercial Labor Day Edition
Developer Secured for $52 Million Affordable Housing Project in Cambridge The regional council has formally approved a new developer for an upcoming affordable housing project in Cambridge. Affordable Housing Project Set to rise at 589 Langs Drive, this initiative is backed by the 2024-2033 Waterloo Region Housing Master Plan Capital Program and is projected to […]
Sunday Dock Read – Labor Day & Looking Forward
Why This Fall Is The Optimal Time To Buy As anticipated in previous Sunday Dock Reads, another rate drop is expected this Wednesday. For those tracking mortgage rates this week, you may have noticed a notable decrease in fixed-rate mortgages. This includes reductions across four-year fixed (uninsured) and one, three, and four-year fixed (insured) terms. […]
Sunday Dock Read – Canada Day! & Is Refinancing the New Renewal?
Prepare for your Renewal as if it was a Refinance. Consider these strategies when considering the best options for you when renewing your homes mortgage: Refinance to consolidate debt, Refinance and extend your mortgage term, downsizing, rates and your homes equity.
Sunday Dock Read – Interest Rates Drop?!, Capital Gains Swell, Northern Lights Amaze!
Let’s continue evaluating the relevant factors impacting the Bank of Canada’s June 5th Monetary Policy (Interest Rate) announcement. Let’s identify and evaluate the major factors and relative indices that will impact the Bank of Canada’s decision including inflation numbers, job market, economic rate and more.
Sunday Dock Read – Capital Gains, Budget, Reader’s Questions
This Sunday Dock Read – New Capital Gains Changes Announced in Canadian 2024 Budget. More Federal Budget Announcements Aimed at the Canada’s Housing Market. 4 Mortgage Questions from our Audience.
Sunday Dock Read – All Things Residential & Happy Easter 2024!
This Sunday Dock Read – Happy Easter! Let’s explore all things residential, house prices declining?, what are the interest rates predictions as of April 10th, 2024?…