CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages

The Actual ‘Inside Scoop’ on CMHC Secondary Suites – And what it means to investors and home buyers! On July 23rd of 2015, CMHC announced changes to its policies regarding the treatment of rental income for borrower qualification purposes. There seemed to be a lot of confusion about the exact details so I reached out to …

CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages Read More »

Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy!

This entry was posted in Investing In Real Estate, Mortgage Articles, Real Estate Investing and tagged Canadian real estate, Foreign ownership on August 19, 2015 by CR. Investing In Real Estate, Mortgage Articles, Real Estate Investing With home prices reaching the stratosphere in red-hot markets like Toronto and Vancouver, the single-detached family home is becoming …

Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy! Read More »

CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications

Buying a decent-sized property in Canada’s most expensive housing markets can be tough, even for the affluent. Home prices in Toronto and Vancouver have been heading upward with no end in sight. Although the Bank of Canada lowering the overnight lending rate last month helped lower mortgage rates, you may still have a tough time …

CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications Read More »

Real Estate Investing – Part 1

Rental Properties While the Alberta economy is struggling to adjust from boom to bust, Alberta’s housing market has yet to feel the effects of low oil prices. The landlord charges enough rent to cover the monthly costs, including mortgage, property taxes, utilities, maintenance and repairs. Owning a rental property is a business, so ideally you’ll …

Real Estate Investing – Part 1 Read More »

How to Pay Off Debts Fast

Are you up to your ears in debt? If you’re financially disciplined and have a plan, there are ways to pay off your debt sooner. By only paying the minimum on your outstanding debt, especially credit cards, it could take you year s and cost you thousands in interest. Two popular debt repayment strategies include …

How to Pay Off Debts Fast Read More »

The Impact of Qualifying Rate vs. Discount Rate – Why 5 Year Fixed Gets You Much More Money

With the spring housing market in full bloom and summer just around the corner, it’s the perfect time to buy a home. Despite skyrocketing real estate prices in the most sought-after housing markets like Calgary, Toronto and Vancouver, mortgage rates have never been more affordable. Today you can find a variable rate mortgage at the …

The Impact of Qualifying Rate vs. Discount Rate – Why 5 Year Fixed Gets You Much More Money Read More »