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  • Rates

    effective June 30, 2022

    Term Bank Rate Our Rate
    1 Year 5.19 % 3.89 %
    2 Year 5.14 % 3.99 %
    3 Year 5.34 % 3.99 %
    4 Year 5.79 % 3.99 %
    5 Year 6.04 % 3.99 %
    7 Year 6.30 % 5.24 %
    10 Year 6.55 % 5.34 %
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    • Stated Income Rental Purchase For Self-Employed Is Back
    • 28APR
      0 Comments

      Stated Income Rental Purchase For Self-Employed Is Back

      Great news for all real estate investors that are self-employed! A well established major lender in Canada has brought back their “Stated Income Rental Program” today. Traditionally, many people who are self-employed have trouble obtaining financing for their own homes, let alone rental properties. With all the different structures of companies and legal deductions for

      • Posted by Wayne Mah
      • Real Estate
      • Rental or Investment Properties
      • Self-employed
      More
    • 08MAR
      0 Comments

      CMHC Business For Self Stated Income Program Changed

      The CMHC Simplified Program has been tightened up and modified. A brief background… This program was introduced just a few short years ago to assist self-employed individuals in the purchase of a home. Many clients in this category have a difficult time in easily providing proof of their income depending on how their company is

      • Posted by Wayne Mah
      • Market Update
      • Real Estate
      • Refinance or Renewals
      • Self-employed
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    • 15FEB
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      Tighter mortgage rules coming tomorrow

      According to multiple news reports Finance Minister Jim Flaherty is expected to announce new rules for mortgage financing in Canada in hopes of preventing households from getting into trouble when interest rates rise. The early reports speculate that there will be a “means test” for insured mortgages and possibly reducing the maximum amortization from 35

      • Posted by Wayne Mah
      • Bank of Canada
      • First-Time Buyers
      • Market Update
      • Real Estate
      • Rental or Investment Properties
      • Self-employed
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      • 1
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    Recent Company Posts

    • The complete guide for first-time home buyers in Canada 2022-05-29T20:38:17-07:00
    • How to Buy a Presale Condo: Mortgages, Deposits, and Developers, Explained 2022-05-29T20:36:30-07:00
    • Census figures: What do they mean for Canada’s reverse mortgage market? 2022-05-29T20:34:50-07:00

    Wayne Mah, A.M.P.

    wayne@citywidemortgage.ca
    T: 604-880-1899
    F: 604-257-2605

    Contact Info

    • 103-1245 West Broadway
      604-257-2600
    • Vancouver, BC
      1-800-774-8818
    • V6H 1G7

    cwf@citywidemortgage.ca

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