News is coming out that CMHC may not change the 5% down rule, but may change how much of your income we can use to service the mortgage. This change will be equally onerous and destructive to first-time buyers since I...
Holy ….. smokes. Let me explain before I react. CMHC is the government body that insures mortgages. To put it in the simplest of terms, when CMHC insures a mortgage, it means the bank essentially does not have any risk...
First off – hope you’re all doing well. I know #COVID19 is not the best time for everyone out there. As the data keeps coming, things seem to get better, so let’s keep being smart and responsible! In the meantime…...
Ok. I get it. I know that most of you are going to be very angry at this post because it may seem like I am actually encouraging people to get out there and buy properties. I’m not. As a...
As I wrote in my previous post, there is relief coming to help you with your mortgage, should you need it. I think a lot of people will jump at the chance. As a result, a lot of our lenders...
Welcome to the new normal. First, I want to acknowledge the strong leadership that we are seeing across all party lines. I want to say thanks to the thousands of Canadians who are working their butts off keeping us healthy...
Ahhh-chooo!! Not since 2008 have we seen a unilateral world-wide response to a global issue affecting our economy. Yesterday the Federal Reserve lowered rates by 1/2 in the US. Today, the Bank of Canada did what many thought there would be...
Four Ways To Buy A House Without Money Today I’m going to talk about how to buy a house without any money. I know it sounds like a little bit of a trick, a gimmick, a “click-baitey” type of headline....
2020 has started off on a bangin’ note. If you were looking at property late 2019 and didn’t pull the trigger, you’re probably finding yourself in a new galaxy of prices. One of the smartest people I follow on Twitter...
It’s my first post of 2020 and already – just two weeks into the year – I’m angry, mad, and annoyed. Not a good way to start but when I read something that is fundamentally flawed based on one very important...
