by Alana Myers | Apr 3, 2018 | Click Your Mortgage Blog
Late 2017, the government announced that they would be enforcing stricter mortgage rules across the board for Canadians. Until this time, only borrowers with less than 20% down were subject to this tighter qualification process. The new rule goes as such: All...
by Alana Myers | May 11, 2017 | Click Your Mortgage Blog
You have word from your agent letting you know you are pre-approved for a mortgage. This is an exciting time as you are well on your way to purchasing a new home. A preapproval is usually good for 60 to 120 days depending on the lender. If you do not purchase a home...
by Alana Myers | Oct 4, 2016 | Click Your Mortgage Blog
Yesterday, Finance Minister, Bill Morneau, announced new rules that serve as another attempt to slow the housing market. At this point it has only addressed buyers looking to purchase with less than a 20% down payment. Here are the details: As of October 17th, all...
by Alana Myers | May 4, 2016 | Click Your Mortgage Blog
Barrie, Ontario is breaking records when it comes to home sales both by unit and price. Barrie and are residential property sales recorded 553 units in March 2016- the highest March sales recorded to date, and a 22.6 per cent from March 2015. The second highest sales...
by Alana Myers | Jan 6, 2016 | Click Your Mortgage Blog
Starting February 15, 2016, homes purchased for greater than $500,000 will require a little more down payment than the current 5% requirement. Under the new rules, 10% down is required on the purchase amount in excess of $500,000, while you would still only be...
