How the new mortgage ‘stress test’ will affect homebuyers
TORONTO — In an attempt to try and cool down the overheated housing market, the federal government is making it tougher to get a mortgage starting June 1. The new…
Here’s how much an extra $100,000 worth of house is really going to cost you
The interest may run you the equivalent of a latte a day, but the opportunity costs — like missing out on vacations and RRSP savings — can be even greaterAuthor…
Struggling to Qualify for a Mortgage? Do This!
Recently, the National Bank of Canada (NBC) released some grim data. Only 5% of Canadians have the minimum household income required (around $130,000) to qualify for a mortgage on a typical home…