home ownership

What Is The Mortgage Stress Test?

A stress test asks you to envision a worst case scenario.⁣⁣ When it comes to your mortgage, this means considering what you could afford if your circumstances changed in the…
CMHC is tightening lending standards

CMHC is tightening lending standards

The Canada Mortgage and Housing Corporation (CMHC) is planning to tighten lending rules beginning July 1, under the forecast of home prices across Canada declining 9% to 12% over the…
first time home buyer incentive

The First Time Home Buyer Incentive Explained

The First Time Home Buyer Incentive (HBI) was announced in June 2019 to help middle-class Canadians purchase their first home. The program provides up to 10% of a home’s value…
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