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New CMHC Rules to Hurt First-Time Homebuyers

People looking to break into the housing market may face an uphill battle come July 1. The country’s largest insurer of residential mortgages is tightening its lending rules for “riskier” borrowers, defined as those with less than 20% down payment.…

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12 Ways Real Estate has Changed with COVID-19

Business has been anything but usual since the Ontario government deemed real estate an essential service amid the COVID-19 outbreak. While the decision brought a collective sigh of relief from the industry as it ensured buyers and sellers with a…

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Stress Test Changes to Increase Buying Power

The busy spring home-buying season may be more frenzied as changes to the country’s mortgage stress test come into effect. Beginning April 6, Canadians applying for default-insured mortgages — those with less than 20% down payment on a new purchase…

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How to Know Whether to Buy or Sell First

Every existing homeowner is faced with the same dilemma. Does it make sense to buy first and sell second, or vice versa? The answer: It depends on your individual circumstances and the current market conditions. SELLING YOUR HOME AHEAD OF…

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Feds Reveal Details of Home Buyer Incentive

The federal government has announced its First-Time Home Buyer Incentive will launch on Labour Day. Under the program, the government will help some first-time buyers by advancing an interest-free loan of up to 5% of the purchase price of an…

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