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Down Payment Rules – Source and Seasoning – Document Requirements

07MAY
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Warning: Possible Financing Problems On Strata Duplexes

Our office recently encountered financing problems for a strata duplex. We discovered that currently no mortgage insurer will approve such a property. Not CMHC, not Genworth and not Canada Guaranty . This is a very recent change!!! I found this very strange and having been in the industry for many years I decided to find
- Posted by Wayne Mah
- Educational
- First-Time Buyers
- Market Update
- Real Estate
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27APR
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Financing For Americans Purchasing A Property In Canada

The following information is specifically for our United States’ neighbours who are interested in financing a property purchase in Canada. If you are interested in information about financing but are from elsewhere around the world please refer to Financing A Property Purchase In Canada From Overseas. As Canada and the United States share the largest
- Posted by Wayne Mah
- Educational
- Rental or Investment Properties
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26APR
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Interest rates rise for the 3rd time in a month

RBC led the way again today, announcing another rate increase of 0.15% across the board. This is the 3rd rate increase in a month and now totals over one full percentage point on many terms. Expect all other lenders to follow in the next few days. If you are in the market to buy, renew,
- Posted by Wayne Mah
- Market Update
- Mortgage Rates
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