Blog

Cmhc to Increase Minimum Down Payment to 10%

Canada Housing & Mortgage Corporation’s (CMHC) top boss made some comments this week that has raised speculation that big changes are headed our way. Among many ominous predictions the CEO suggested that CMHC should eliminate it’s 5% down payment program changing the minimum down payment to 10%. Here’s what was said: “We feel we ...

Should You Defer Your Mortgage Payment?

Mortgage payment deferrals are an essential lifeline being made available to Canadians during a difficult time. Early April reports by the Canadian Banking Association indicate that more than 600,000 Canadians have requested mortgage payment deferrals. The average Canadian mortgage payment is $1,326/mth. This puts an estimated $778 million per month into the hands of ...

April 2020 Update on Mortgages and Gta Real Estate Market

Wondering what’s going on in the GTA with mortgages and real estate this month? Sit down with top-producing GTA realtor Lawrence Mak & I as we discuss some key observations about the current state of affairs. We are both living the realities of working during the outbreak. We wanted to bring you along on ...

A Friendly Chat About Private Mortgage Financing

Everything you wanted to know about private mortgage financing. Join Chuck Charlton Milton Ontario realtor & I as we dive into an honest conversation about the world of private mortgage financing. Whether you are a borrower looking for the best private mortgage advice or you are a potential investor interested to learn more about ...

April 2020 Bank of Canada Interest Rate Decision

Bank of Canada keeps overnight interest rate unchanged at 0.50%. After a WILD March that saw the Bank of Canada make three -0.50% rate cuts to the policy rate we are finding our new “normal”. Today was the Bank of Canada’s scheduled April policy update. There was no surprise when they announced no further ...

Canada’s Covid-19 Economic Response Plan

The Canadian Government has been working fast and furious to develop a response to the economic impact caused by the covid-19 outbreak. The following link will take you to the Government of Canada’s covid-19 economic response plan page. Canada’s COVID-19 Economic Response Plan The plan covers the following critical areas: Support for Canadians: Temporary ...

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