August 2018

New CMHC measures to help self-employed Canadians buy a home

Posted on Aug 09, 2018

Self-employment is a growing trend. About 15 per cent of Canada’s workforce is now self-employed, a group that typically finds it more difficult to qualify for a mortgage because their income may vary or be less predictable.

As of October 1, 2018, Canada Mortgage and Housing Corporation (CMHC) mortgage loan insurance will be available to lenders hel...

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July’s residential sales reached the lowest since the year 2000

Posted on Aug 01, 2018 in Market Update

Sales to Active Listings Ratio*
Detached: 9.9%
Apartment: 27.2%
Townhouses: 20.2%

According to the statistics above, Detached market is well in the Buyer's market, Apartment is well in the Seller's market, and Townhouse in on the border line of Balanced and Seller's market. Now is the best time to consider up-sizing and trade your apartment for a house...

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