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
Why am I buying a home? Obviously you want – and need – to have somewhere to live. Your home is your castle, your safety, where the heart is, and all that. But why are you buying as opposed to renting? Areyou buying alone or going into it with a partner, family member, or friend? There
With high house prices and even tougher mortgage rules set to take effect next year, many aspiring homebuyers are attempting to ease their entry into the real estate market by purchasing a home with a family member or friend. When considering co-homeownership, remember that it doesn’t have to be with a spouse or romantic partner, as you can
