Last week, CMHC (Canada Mortgage and Housing Corporation) announced that effective July 1, 2020 it will be tightening the rules for high ratio mortgage qualification. Specifically, the following 3 changes will come into effect: The maximum allowed Gross Debt Servicing (GDS) and Total Debt Servicing (TDS) ratios will be reduced to 35% (from 39%) and 42% (from 44%), respectively. At… Read More »

Buying a property isn’t a simple process, but with some planning and forethought it does not have to be a stressful one! Most often, home buying stress come from the unknown (“I missed the deadline? What deadline?  How much money do I need for a down payment? When should I take it out of my RRSP?”). To make your home… Read More »