Are you impacted by the new mortgage rules effective Feb 2016?


Many will have read recent articles published by Canada’s major news outlets about Ottawa’s new mortgage lending rules, but it seems many are still uncertain of how they are actually impacted. Let us help with some clarification. The new legislations are meant to take effect in February of 2016 and are, in the words of the new Liberal Finance Minister Bill Morneau, “a bid to target pockets of … [Read more...]

Calgary Infill Construction Financing

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Buyers familiar with mortgage applications for pre-existing properties may find the process of financing custom constructions surprisingly complex – even daunting. While certainly more involved, the experience need not be intimidating. With a basic grasp of the steps to expect, buyers can move forward with confidence. A buyer’s ultimate approval depends on a variety of considerations not … [Read more...]

New Mortgage Rules

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Jim Flaherty, Minister of Finance, announced the following changes to the standards governing government‐backed insured mortgages: 1. The maximum amortization period was reduced from 30 years to 25 years.2. The maximum amount Canadians can withdraw in refinancing their mortgages was lowered to 80 per cent from 85 per cent of the value of their homes.3. The maximum gross debt service ratio … [Read more...]

Costs of Building an Infill


The process of building an infill is a very exciting one and as with any real estate project, you need to ensure that you understand the costs associated before you get started. Understanding the costs ahead of time will allow you to budget accordingly and ensure your custom built infill home is a sound investment for when you go to resell. The costs of building an infill can be broken down into … [Read more...]