Skip to main content

Posts

Featured

Breaking: Home buyer incentives just announced in federal budget!

Details have just been announced on the new federal budget. There is going to be some sort of loan offered from CMHC to reduce mortgage size. My initial reaction is that this is an odd incentive. I feel the government could have eased affordability by bringing back 30 or 35 year amortizations. The full details on this loan will not be available until the fall.  In addition, the government will be changing the withdrawal limits under the  Home Buyer's Plan  to $35,000 from $25,000. They will also now allow someone who has had a breakdown in their marriage or common law partnership to utilize this plan again, which was not previously allowed.  Read the full details of the budget announcement  HERE . 

Latest Posts

What is your relationship with debt?

CMHC to make financing easier for self employed Canadians...

Bank of Canada Interest Rate Announcement

How to use your RRSP to pay your mortgage

Mortgage changes are coming- are you ready?

How to buy a home in 9 easy steps...

Why you should not panic about the latest rate increase…

Value that's hard to beat!

Product Spotlight: Reverse Mortgages offered by CHIP