New mortgage rules are coming into effect in January 2018 so now is the time to buy for anyone who does not want to be impacted by the changes.  If you have not had time to save up for your down payment, borrowing from your RRSP is a viable option.  Here is what you need to know. 1.  You will need to access the Government of Canada’s Home Buyers’ Plan In order to use your RRSP savings as a ...

Earlier this year, it was announced that qualifying for a mortgage is about to change.  Effective January 1, 2018, the rules will make it a little more difficult for some Buyers to secure a mortgage.  If you do not want to worry about how the changes will affect your home buying process, then now is the time to buy.  Here is some advice to help you buy a great home, at a great price, before t ...

  New Mortgage Rules Set Canada’s top banking regulator has published the final version of its new mortgage rules, which include a requirement to “stress test” borrowers with uninsured loans to ensure they could withstand higher interest rates. The new guidelines for the mortgage industry will come into effect on January 1, 2018.Among the major new rules is a requirement to stress test ...

Status quo for Calgary's housing market Prices remain similar to last year, but ease in October October's housing market conditions closely echoed previous month's trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year. October sales and inventories totaled 1,467 and 6, ...