The news you have been waiting for
As I am sure everyone has heard, HUGE mortgage changes early this month shook up the Real Estate market in Canada. The largest change was CMHC reducing the maximum life on a mortgage from 30 years down to 25. This brilliant change effectively reduces the debt Canadians take on when purchasing a home and also helps all of us pay off our mortgages sooner.
This will be a great boost for the market. By reducing affordability to all Canadians, this will...
Did you hear about the big changes coming July 9th?
If not, there are a handful of significant changes that will affect us all short and long term when it comes to being a property owner.
Last week, the Canadian Mortgage and Housing Corporation (CMHC) announced that they would be cutting back the life of a mortgage from 30 years to 25. This means when someone takes out a new mortgage, they will pay off their mortgage quicker but will have larger payments. The problem here is that what...
The stakes are high when selling your house. I use a proven strategy that gives you the upper hand, every time.
Macdonald Realty LTD
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