Owning a home is a dream for many Canadians. Still, the high cost of mortgage payments often stands in the way, especially for Millennials and Gen Z. To address this challenge, significant new mortgage rules came into effect on August 1, 2024, paving the way for 30-year insured mortgage amortizations for first-time homebuyers purchasing new…

Exciting Changes for First Time Home Buyers in 2024 Starting August 1st, 2024, a significant shift is coming for homeowners purchasing newly built properties. The Department of Finance will provide First Time Home Buyers (FTHB) with the valuable option of a 30-year amortization for insured mortgages. This change is set to make home ownership more…

I talk a lot about the importance of getting pre-approved for a mortgage, but do you truly understand how it will benefit you? 1) You will know your borrowing capacity – If you know how much you’re pre-approved for, you can plan your mortgage payments and determine exactly what your budget can afford each month.…