It’s January 2018, prospective homebuyers, and you know what that means: The new mortgage stress test is in play. But what you may not know is how much it’s going to impact your homebuying budget. Nor would you be alone: A new study from ReMax estimates that 37 per cent of Canadians aren’t aware of how the changes will
Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate. New rules by Canada’s federal financial regulator announced in October mean that even borrowers with a down payment of 20 per cent or more
A North Vancouver property listed for sale at $36.2 million has set a new real estate record for the municipality. Sotheby’s International Realty Canada listed the 14-acre estate located at 2250 Indian River Crescent near Deep Cove. “This North Vancouver estate provides an opportunity to own the most significant, private parcel of land in one
