7 Aug

4 Key Things You Need To Know About A Second Mortgage

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4 Key Things You Need To Know About A Second Mortgage Many homeowners are vaguely aware of the fact that you can take out a second loan on your home. You hear your friends mention it or perhaps a family member close to you has gone through the process—but do you truly know what it […]

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7 Aug

Vancouver Housing Activity Weakens as Toronto Rebounds in July

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Vancouver Housing Activity Weakens as Toronto Rebounds in July Metro Vancouver The Real Estate Board of Greater Vancouver (REBGV) reported this week that July’s residential housing sales in Metro Vancouver* skidded to their lowest level for that month in 18 years. Residential property sales in the region totalled 2,070 last month, a 30.1% decline from […]

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31 Jul

First Monthly Canadian Home Sales Gain This Year In June

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First Monthly Canadian Home Sales Gain This Year In June National home sales rose by 4.1% in June compared to May, the first such rise this year. Even so, June’s sales activity remains well below the monthly pace of the past five years (see chart). The sales gains were led by the Greater Toronto Area […]

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31 Jul

CMHC Changes to Assist Self-Employed Borrowers

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CMHC Changes to Assist Self-Employed Borrowers As a self-employed person myself, I was happy to hear that CMHC is willing to make some changes that will make it easier for us to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part of the […]

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