Getting Mortgage with Low Credit Score to Buy Toronto Home
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What Credit Score Will Qualify Me For a Mortgage in Canada?

If you're in the market to purchase a new home or planning to purchase a new home in the near future, it is important to have a good credit score. Lenders for your mortgage will utilize the score to determine whether you're eligible for a mortgage.…
CMHC Legal Rental Unit Vaughan
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CMHC Announces New Rules to Increase the Buying Power of Purchasers with Legal Rental Suites

Canada Mortgage and Housing Corporation has announced new rules for mortgage qualification with regards to legal rental suites, increasing the purchasing power for many homebuyers in this market. Currently, CMHC only allows 50% of the rental…
new-to-canada-mortgage-program
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How Does The New To Canada Mortgage Program Work?

The New to Canada Mortgage Program allows qualified individuals who are relocating to Canada to purchase a home with as little as 5% down. Properties cannot have more than two units, and the owners must live in one of them. This includes both…
Canadian mortgage rules
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Changes To Canadian Mortgage Rules, An Interview With RBC's Lino Contento

The following is an interview with mortgage specialist, Lino Contento from Royal Bank.  Lino's been in the Financial/Banking industry for 25 years and has been with Royal Bank since 1999.  He's going to share with us some important changes…
Canadian mortgage rules
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New mortgage rules In Canada

So many of you may have heard that the government has yet again crunched down on mortgage rules. On June 21, in response to increasing household debt, Finance Minister Jim Flaherty announced new rules that he says could save Canadians thousands…
Canadian mortgage rules
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An interview with Domenic Tozzo, Mortgage Specialist for RBC

Last week I met with Domenic Tozzo, Mortgage Specialist for RBC. I asked him a few questions; questions that I thought would be important to most homeowners with a mortgage. Let's see what Domenic had to say. Lisa: How long have you been in…
Canadian mortgage rules
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Mortgage Mondays: How to Choose The Right Mortgage For You

Often times we want to know what we're talking about, even before calling up a professional for advice. Before you buy a car, you  know roughly what you're looking for, and before you buy a home, you know where you'd like to live and how…
Canadian mortgage rules
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Mortgage Mondays: RBC Mortgages Get Flexible

      RBC program changes help you get the mortgage you need As a leading mortgage lender in Canada, RBC Royal Bank® is always looking for new solutions to help consumers finance the home of their dreams. In the…
Canadian mortgage rules
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Mortgage Mondays: Canadian Housing Prices

Over the past 2 years, the Canadian economy has been turbulent. The housing market has had to sustain a massive financial crisis, a recession causing 430,000 less jobs across the country, the introduction of HST, and 2 changes in the rules…
Canadian mortgage rules
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Mortgage Mondays: CMHC Changes, March 18th

  Happy Valentine's Day!  Today is Monday and, as you know, we use Mondays to discuss mortgages and financing your home. You may have heard already that the CMHC is implementing new changes to their mortgage rates and amortization…