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CMHC Mortgage Loan Insurance Premium Updates

The CMHC recently announced that as of March 17, 2017 they will be increasing their homeowner loan insurance premiums. For most prospective homeowners these changes to premiums will likely result in an additional $5 to $10 per month compared to their old premiums. This change is coming in to affect mostly due to OSFI’s change […]

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Can You Apply Borrowed Money to a Down Payment?

One of the early steps of the home buying process is to secure the funds needed for your down payment. This is especially true if you want to acquire a home in an expensive market. There are a large variety of lending institutions you can choose from nowadays, so it is possible for you to […]

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