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19MAY
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UPDATE: Strata Duplexes Okay Again

CMHC has just announced that they will now be insuring mortgages on “non-conforming stratas” again. This reverses an earlier decision (see previous post). A requirement is that title insurance must be taken out. This is super news for both buyers and sellers. Now buyers can go as low as 5% down again! No updates from
- Posted by Wayne Mah
- First-Time Buyers
- Market Update
- Real Estate
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19MAY
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HSBC Out Of Broker Network

HSBC Bank Canada announced today that they will no longer be originating mortgages via brokers. This is effective immediately. Along with this, they will also be winding down and closing their outside mortgage sales force department. All future mortgage origination will be done via their branch network. Although HSBC has never been a major player
- Posted by Wayne Mah
- Market Update
- Mortgage Rates
- Real Estate
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13MAY
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What happens to my deposit? When do we get the keys?

Last night I met with a wonderful young couple who are in the process of buying their first home. I am arranging their mortgage financing for them. The wife is already seeing herself living in their new home, enjoying the convenience of in suite laundry, hardwood floors for her baby to crawl on and additional
- Posted by administrator
- First Time Home Buyer
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